A huge part of adult life is learning to be financially responsible.
This means, keeping track of the money you earn and where it comes from, making a budget plan or at least budgeting in your head, and never spending more than you have, even if you think you'll be coming into some extra money soon.
In college, I bought a ticket for a Broadway play I wasn't even that keen on seeing just because my best friend wanted to go. Buying my ticket would clean me out for the month, but since my birthday was the following week, I figured I'd get some money from my dad, who had been gifting me money instead of a material possession since I was 12.
Well, my birthday came and went, my dad decided to give me a gift card to a bookstore, which was a nice thought, but useless at the time, and I had to ask my friends for loans just to buy groceries that month. I lived above my means that month, which was a terrible experience, but it taught me to be smarter when it comes to finances.
Redditors know all to well how easy it is to make poor financial choices, and sometimes never learn your lesson, and they are ready to share their experiences.
It all started when Redditor Pitiable-Crescendo asked:
"What was the most disappointing movie you paid to see?"
That Stinks!
"My friend's roommate once asked him to borrow money so he could order novelty fart-smell spray from Amazon, instead of waiting for his paycheck."
"There are worse financial choices than going into debt for a can of fart spray, but it's certainly the funniest one I've heard."
– The_Lawn_Ninja
"Well, to be fair, how good was this fart spray?"
– Mercurial8
Worse And Worse
"Driving a very expensive car with tons of body damage because all their money is going to their $800 a month car payment and they can’t afford to fix the damage they caused with their sh*tty driving."
– Eyfordsucks
"I had this exact conversation with my friend today, if you cant afford to fix your car, you probably shouldn't be owning a 2022 60k Mercedes."
– Windir666
"You don’t even deserve it if it’s beat up after a year!"
– mclarensmps
Trust, No Trust
"My wife’s siblings each just received a 117k disbursement from their mothers trust. So far one brother who doesn’t own a home nor a pension plan and is 55 went out and bought a brand new Harley Davidson Full bagger bike. The other brother, who was homeless three months ago is shopping for a Dodge Charger. He is 65 and can’t afford to retire. Her three sisters haven’t made any big purchases yet.It is tough to watch knowing how hard my in-laws worked to leave a little money for the siblings."
– edawg660
"I'm sure this is exactly why your wife's mother left all that money in trust in the first place."
– malogan82
They Can Be Cute Without That
"Designer shoes and jewelry on your infant."
– GenX-1973-Anhedonia
The Lap Of No Luxury
"I worked as a bank teller many many years ago."
"One of my semi-regular customers (Doctor) would come to deposit checks from some pharmaceutical company that he got for prescribing so much of their sh*t. I'm talking 20k, 30k checks that he'd get from them every quarter."
"Anyways, he was making really good money as a Doctor, because his monthly pay that he was getting from the hospital was around 35k net. So I figure he was making 50-60k a month, gross."
"His account was always empty though. You'd be shocked at how much money they spend on stupid sh*t."
"$800 DirecTV bill."
"$1300 bill to the local country club."
"$750 landscaping bill."
"$2500 car payments."
– alwaysmyfault
"I’m not surprised at all. It’s very common for people to live outside their means."
– appyness67
The Better The Job...
"Unfortunately, it is a hard one to answer."
"I used to work in the banking/mortgage industry in Canada 18 yrs ago and this one stuck with me, and I have seen both sides of the coin."
"Example 1- early 30's married couple both doctors. Finally making some money but large student debt. A nice, big rented house with 2 nice cars (prorsche and lexus, leased). No kids and multiple vacations every year. They tried to get a mortgage, and they didn't qualify for anything."
"Example 2- early 30's married couple with a child. Both working decent 60k jobs. Currently renting a modest place with 1 car. No vacations and had some savings. They qualified for a 500k mortgage and were ecstatic. While in the process of telling them that that was their maximum threshold, they stopped me and said, "we try not to live beyond our means so we can hopefully own one day.""
"It was at that moment that I realized that because you have something, it doesn't mean you own something."
– mpah78
"I was in the mortgage game for a while too. It’s crazy how many peoples finances didn’t match what you would assume by looking at their life from an outside perspective."
"The amount of people who were doctors/lawyers and felt they deserved the good life but really had too much debt to live like it was noticeable"
"As well as the blue collar types who saved and saved and never really change their lifestyle at all."
"It’s also crazy how bad at personal finance doctors were. Whenever I heard “we are both doctors” I would wince. One of them was gonna have a bananas credit score with every card maxed out."
"Or anyone with a new fully loaded Nisan titan."
– Small-Cauliflower-37
Live For The Now...
"People who refinance their home in order to take a vacation. You took a week off and only thirty years to pay for it. Brilliant idea, bozo."
– 710AshburyStreet
"Guy I know took a 25k loan on his house to go on on vacation for a month with his family."
"Said you only get to live once. the thing is he went on vacation back to his birth country, and wanted to live large so people think he's successful"
– Fr33z3n
Nothing Lasts Forever
"Going into debt for a wedding."
– alterperspective
"This is so true. A close friend is still paying off her wedding but the marriage ended last year."
– armyofsnarkness
No Joke
"Making payments on a tattoo."
– Queen_of_Trailers
"I met a woman on a dating app once that had a number of tattoos. She had a low income job so I wondered how she could afford them. Turns out she was on a payment plan with the tattoo studio....I was like yeah, no thanks."
– working_class_tired
"Wait, what?! This is actually a thing?! I thought it was just a Jeff Foxworthy joke from the 90's. Holy sh*t, people actually do this..."
– ifnotmewh0
"TIL you can set up payment plans for tattoos and that’s enough learning for me today."
– watudo22
Pika Pi!
"I spent over 80$ tryna win a giant pikachu and failed"
"Could have bought that thing for 34$ but it was well worth it"
– Nolifelolwhat
Save Money, Buy A Car
"Drives a Maserati, but works as a fitness trainer and is in six figures in student loan debt"
– RosemarySaraBlack
"Reminds me of my cousin who lives with his folks, along with his wife and their baby. Apparently, he’s saving so much money on rent that he went out and bought a $65K Tesla. His folks were a little miffed about that, haha."
– BringYourSpleenToYa
I would be miffed too!
Do you have any stories? Let us know in the comments below.
