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People Break Down The Absolute Biggest Ways To Waste Your Money

With the world's finances the way they are, it's a miracle if people can save their spare change.

Inflation has a stronghold on too many people.

Sometimes it feels like just breathing can cost you money.

It's hard to make and absurdly easy to lose.

So be vigilant with your wallet.

And try to spend on certain things in moderation.

Going out for meals three times a day adds up.

Even with Wendy's value menu.


Redditor gejiw94601 wanted to compare notes on how money can slip away so easily, so they asked:

"What's the biggest waste of money?"

Money is so easy to lose.

Just ask my best friend... vodka.

WHY?!

Idiot Facepalm GIFGiphy

"Donating to rich Twitch streamers. I’ll probably never understand why people do it."

dring157

"I remember watching one guy drop $60k to Ninja. I was making 30k a year at the time, this guy drop double my salary in one stream."

IanFPS

Adulting

"Credit Card interest."

DweeblesX

"When I first go a credit card I used it only when I was short on cash, but it ended up me throwing money at stupid things because I knew I had a credit card to fall back on if I needed it."

"Now I use my card for the points, and I pay it off about every two weeks. While I'm still not great at adulting, at least I figured out this part."

boardmonkey

What about Florida?

"The $50 scratch-off lottery tickets you can buy in Iowa."

notthesedays

"I used to work for the VA lottery. I got to see the numbers, the payout was only about 20% (if that) of profit for scratch-offs. Slightly higher for the draw games. But print-n-play was almost 1-1 for payout vs profit. Don't know how it is now or how other state's payout margins are, but print-n-play is where it's at if you're gonna play anything."

DarthWeabu

Always Upgrade

adopt for sale GIF by Boomerang OfficialGiphy

"Buying cheap crap you have to replace."

coinkeeper8

"My dad once told me to not spend excessive money on tools at first. Buy them for dirt cheap, and learn which tools you really need. And when they break: replace them with quality ones. Buying pro-grade stuff you don't need is wasted money."

.HarlequinSyndrom

Spending a little extra can go a long way.

Cheap doesn't often equal quality.

Flex

Costume Clothes GIF by Big Brother AustraliaGiphy

"Buying ridiculously expensive clothes to flex."

PinkLemon4

"Clothes are a two-way issue. Good clothes last a long time and the price is worth it for the comfort on top of that. But some clothes are 100x the price and 1/10th the quality. So there is a fine line here."

Wdrussell1

Pay to Lose

"Pay to win games."

testthrowawayzz

"I played a lot of mobile games with in-game currencies. I have never spent a cent on these games. Why would I spend hundreds of dollars if I can enjoy the game and learn how to play even if it's slow? And many items don't even help you at the game. It's just skins or titles that only show other players how stupid you were to pay for a free app."

Pintermarc

And Silver?

"Gold Food, or more accurately food that is covered in something called gold leaf. In my eyes, food is worth buying if they provide a great amount of nutrition for considerably good prices. After all, you probably avoid paying 50 million dollars just to buy a few molecules that are useless to your health and needs."

"And then there's gold leaf food, sure the food looks fancy but at the cost of a ludicrous amount of money! And with the gold having no usable nutrients at all, it is just not worth it to buy such expensive food for a relatively small amount of nutrients."

"For instance, Industry Kitchen (hopefully that's the name of the place) in NYC serves a pizza with a gold leaf covering for a whopping price of $2000. While at my home country which is Indonesia, Domino's serves an American Classic Cheeseburger Pizza (IDK that's a thing) which is the most expensive pizza I could find on the website costs around $7 which is just baffling to me."

ScopeRicrit

Pretty Boom

"Fireworks, I love them, but it's like $50 per second for the good ones."

endisnigh-ish

"Yeah, I end up spending probably $300 each summer buying fountains and batteries and helicopters and cardboard tanks and sh*t--none of the big professional skyrockets. It's absurd, I'll be the first to admit."

"But it's fun!"

-RadarRanger-

Just Elope

"Weddings."

"Crazy expensive day. Guaranteed at least one relative will kick up a stink. Massive pressure to be The Happiest Day of Your Life. Everything doubles in cost if you say it's for a wedding (dress, suit, cake, venue) Just do the quick registry office paperwork, have a surprise party, and run away for a long honeymoon with the money you saved."

PinchAssault52

Roll of the Dice

Card Game Poker GIFGiphy

"Gambling for sure."

snazyfragz

"I live in a small town where a casino is the big attraction They've had numerous people crap and pee themselves because they didn't wanna get up from the slots because 'it's just about to pay out.'"

11BREWER

Gambling is the greatest way to lose money.

Addiction will take everything if you let it.

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