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LiberatedUSA

(1,666 posts)
Mon Nov 29, 2021, 07:18 AM Nov 2021

So what are ways you have wasted money?

That $230 jean thread gave me the idea for this one. Mine has been computers. From a $5,000 Alienware back when World of Warcraft came out so very long ago, to an even more expensive Falcon Northwest one not all that long ago.

So I guess that is how I like to spend the extra cash I come up with. And as I told the person in the Jean thread, at a certain point you are just paying for the name. Advice I don’t care to follow when it comes to a Falcon computer. They have top notch customer service and I don’t have to worry about building it and messing it up.

So what’s your avoidable, your own damned fault, money sink?

37 replies = new reply since forum marked as read
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So what are ways you have wasted money? (Original Post) LiberatedUSA Nov 2021 OP
Drinkin and druggin back in the day captain queeg Nov 2021 #1
Yep, and cigarettes! Haggard Celine Nov 2021 #6
The only good that came of it was that I learned to be more conservative with my money captain queeg Nov 2021 #12
Yeah, I've learned to be frugal. Haggard Celine Nov 2021 #17
The brand-new vehicles I have bought over the years EYESORE 9001 Nov 2021 #2
When I got my first "real" job after college Freddie Nov 2021 #14
New cars are never a good investment. captain queeg Nov 2021 #15
Maybe lending money to people who will never pay it back. Or trusting ex-employer to pay no_hypocrisy Nov 2021 #3
Books Cartoonist Nov 2021 #4
Sell them online. That's what I would do. Haggard Celine Nov 2021 #5
Tried that Cartoonist Nov 2021 #8
Well I'm stumped, then, unless you want to sell them to a dealer. Haggard Celine Nov 2021 #10
What kinds of books do you have? Croney Nov 2021 #16
SF mostly Cartoonist Nov 2021 #28
Donate them to the library. I give mine to the small town libraries near me. efhmc Nov 2021 #26
I never see these books in a library. Cartoonist Nov 2021 #29
Hobbies Sherman A1 Nov 2021 #7
Is it a waste of money if it gives you joy? peacefreak2.0 Nov 2021 #9
Restaurant meals and takeout. Scrivener7 Nov 2021 #11
Don't waste time bucolic_frolic Nov 2021 #13
Spent $900 on a chess set that I'll never play with...... lastlib Nov 2021 #18
Beer Duncanpup Nov 2021 #19
Vices panader0 Nov 2021 #20
Shitty food. Elessar Zappa Nov 2021 #21
I have thousands of compact discs and LP vinyl records. Midnight Writer Nov 2021 #22
Made sure my newest laptop still had a cd player. Have downloaded lots of them to itune and copied efhmc Nov 2021 #27
All of it. I'm a Living Sieve! Anon-C Nov 2021 #23
Always wanted an Alienware, maybe they would have let me raid instead of being the clan farmer. GemDigger Nov 2021 #24
Alienware used to be the bomb. LiberatedUSA Nov 2021 #25
Where do you want me to start, exactly? MissB Nov 2021 #30
Still playing WoW on a seven year old PC Sympthsical Nov 2021 #31
I bookmarked this thread this morning True Dough Nov 2021 #32
i bought a bunch of LOSER stocks. I wish i had KEPT the QVC stock i bought in 1986, but i sold it. Trueblue1968 Nov 2021 #33
I said that when I bought Chipotle right before the norovirus Scrivener7 Nov 2021 #34
Music: CDs, Albums, Vinyl, Concerts, Tshirts - yes, I'm a fangirl. Coventina Nov 2021 #35
Impulse buying of clothes I... 3catwoman3 Nov 2021 #36
Christmas Tree Ornaments!! (and assorted other Holiday decorations) yellowdogintexas Dec 2021 #37

Haggard Celine

(16,838 posts)
6. Yep, and cigarettes!
Mon Nov 29, 2021, 07:43 AM
Nov 2021

I practically lit money on fire and inhaled the fumes. Still do, sometimes. It's a complete waste of money.

captain queeg

(10,104 posts)
12. The only good that came of it was that I learned to be more conservative with my money
Mon Nov 29, 2021, 08:47 AM
Nov 2021

Seemed like every time I got some extra money I’d blow it. Would have been nice to have put it into some investments. I’d be a lot better off today. But I kept me from developing other expensive habits. Not much consolation, but I get by ok in retirement.

EYESORE 9001

(25,911 posts)
2. The brand-new vehicles I have bought over the years
Mon Nov 29, 2021, 07:32 AM
Nov 2021

probably are the biggest waste of money - even the ones where I thought I was getting a helluva good deal. The value still dropped precipitously once they were driven off the showroom floor.

Freddie

(9,257 posts)
14. When I got my first "real" job after college
Mon Nov 29, 2021, 08:50 AM
Nov 2021

I HAD to have a brand new car - a 1981 Chevette - I thought they were cute. In the first year the alternator and starter went. It “pinged” if you drove over 50mph. Utter piece of junk. 3 years later I traded it and its payment book (remember those?) in for a ‘78 Datsun. Haven’t and will never buy a brand new car again.

captain queeg

(10,104 posts)
15. New cars are never a good investment.
Mon Nov 29, 2021, 08:53 AM
Nov 2021

I drove 3rd hand junkers into my 30s then started buying new cars once in awhile. I got tired of crawling around on the ground or getting stuck in the middle of nowhere. New cars are not good money wise but it’s been worth it to me to have a reliable car. Kind of necessary if you live in semi rural areas.

no_hypocrisy

(46,044 posts)
3. Maybe lending money to people who will never pay it back. Or trusting ex-employer to pay
Mon Nov 29, 2021, 07:34 AM
Nov 2021

back wages of $40,000.

$8,500 for a divorce
$7,500 to pay sales tax

Two of the three examples given: They can't pay me back. They died penniless.

Cartoonist

(7,311 posts)
4. Books
Mon Nov 29, 2021, 07:35 AM
Nov 2021

I love them, but now they hang about my neck like a mill stone. (is that the right expression?)

I wouldn't mind selling them, but books are dead to the younger generations. I don't want to just give them away.

Haggard Celine

(16,838 posts)
5. Sell them online. That's what I would do.
Mon Nov 29, 2021, 07:40 AM
Nov 2021

When I worked for Goodwill, they had people who did nothing but determine the worth of the books that were donated so they could sell the more expensive ones online. They made a bundle doing that. If you have a collection you want to sell, I think that would be your best choice.

Haggard Celine

(16,838 posts)
10. Well I'm stumped, then, unless you want to sell them to a dealer.
Mon Nov 29, 2021, 07:55 AM
Nov 2021

Maybe you could work out a deal with a consignment shop. I can see how they might be kind of difficult to get rid of these days, however. I like to read, but I mostly buy digital copies these days. I have some old books that I keep, and I would buy hard copies of certain reference books and others that are rare and/or out of print. But I'm not a collector. I don't have enough money to be a collector. When I get more money, I'll buy some more, though.

Croney

(4,657 posts)
16. What kinds of books do you have?
Mon Nov 29, 2021, 08:53 AM
Nov 2021

If you look at eBay "solds" you'll see that books you think are worth $10 sell for a buck plus shipping, and then you have the hassle of packing and dealing with the post office.

After years of selling books online, we quit when Covid hit, and decided not to go back. We put a dozen boxes of books out on our front sidewalk for pedestrians to browse through, and they were soon gone.

We still have a lot of books, but that albatross feeling is gone.

efhmc

(14,723 posts)
26. Donate them to the library. I give mine to the small town libraries near me.
Mon Nov 29, 2021, 12:00 PM
Nov 2021

My friend got good tax deductions for hers.

Cartoonist

(7,311 posts)
29. I never see these books in a library.
Mon Nov 29, 2021, 02:19 PM
Nov 2021

I like libraries, but they have no respect for special editions. They would be put on their book sale table and sold for 50 cents.

Sherman A1

(38,958 posts)
7. Hobbies
Mon Nov 29, 2021, 07:43 AM
Nov 2021

Mostly tabletop miniatures. Get started on a project and then the next shiny object comes along. But I have a good time.

peacefreak2.0

(1,023 posts)
9. Is it a waste of money if it gives you joy?
Mon Nov 29, 2021, 07:53 AM
Nov 2021

Books, embroidery materials, music, baubles. I know it’s just stuff. But it’s my stuff. 😄

Scrivener7

(50,924 posts)
11. Restaurant meals and takeout.
Mon Nov 29, 2021, 08:11 AM
Nov 2021

All my working life, people told me how much money I would save if I would just bring lunch. They were absolutely right.

During Covid, I did a lot more cooking but I just don't like having to come up with two decent meals every day.

Now I'm retired. I cook a bit more and I do save money, but I still contribute generously to the local economy.

lastlib

(23,171 posts)
18. Spent $900 on a chess set that I'll never play with......
Mon Nov 29, 2021, 09:26 AM
Nov 2021

It's beautiful to look at--English Boxwood/Blood Rosewood pieces, classic Stauton design,nicely weighted pieces. Came in a mahogany box with two fitted-coffer fabric-lined trays, and has a maple/elm-burl board. A truly beautiful set, but I doubt I'll ever have any practical use for it.

Elessar Zappa

(13,914 posts)
21. Shitty food.
Mon Nov 29, 2021, 10:25 AM
Nov 2021

For years I would waste all my money on fast food (burger joints, pizza, burrito stands, etc.). I eat much better now and have saved thousands in the years since I gave up my food addiction.

Midnight Writer

(21,720 posts)
22. I have thousands of compact discs and LP vinyl records.
Mon Nov 29, 2021, 10:40 AM
Nov 2021

I spend hours a day listening to music, but now usually turn to digital sources rather than my records and CD's.

efhmc

(14,723 posts)
27. Made sure my newest laptop still had a cd player. Have downloaded lots of them to itune and copied
Mon Nov 29, 2021, 12:05 PM
Nov 2021

onto my phone. Can listen now in my car.

GemDigger

(4,305 posts)
24. Always wanted an Alienware, maybe they would have let me raid instead of being the clan farmer.
Mon Nov 29, 2021, 11:46 AM
Nov 2021

Being a hermit kind of gal, games are still my downfall. 14.99 a month (not including extras) for years and years (decades now) is a money sinkhole.

Once upon a time, a friend told me I needed a life. I told her when I needed a life I would get a better, badder, bigger comp.



 

LiberatedUSA

(1,666 posts)
25. Alienware used to be the bomb.
Mon Nov 29, 2021, 11:55 AM
Nov 2021

Then Dell took it over and it wasn’t as good for a good while, then it got good again. Last I heard. I just like Falcon Northwest. Insanely expensive, but top-of-the-line.

Their customer service is grade A. They talked me through repairing an older machine long past Falcon’s warranty. When I tried that with Gateway so many years ago with one of theirs, they basically told me to piss off.

MissB

(15,804 posts)
30. Where do you want me to start, exactly?
Mon Nov 29, 2021, 03:02 PM
Nov 2021

I bought a new electric vehicle this year. It was expensive. I do get the $7500 fed credit. I do not get the state rebate.

I am buying a new fridge and dishwasher, despite buying brand new ones in 2020. I am tearing out my entire kitchen. I’ve lived with actual plywood cabinets for 18 years and a Formica countertop. I’ve scrubbed that countertop so much that the top finish has worn through in some places. I’m reconfiguring the kitchen and as a result, I can get a wider fridge, finally. And I purposely bought a cheaper dishwasher in 2020 because I knew I’d be doing a total demo. I will offer the fridge and dishwasher to friends for free first before selling them for very little $ if no one wants them. I think my new appliance bill is at about $15k right now. I’m ok with that. Really. Others may find that to be way too much money to spend. My oven alone will be $6500, not including the vent setup. It requires a 900 CFM fan unit, and I’m choosing to have an externally mounted one. I’m choosing soapstone for the counter material and my cabinets will be inset. Sure, I could live with plywood cabinets for the rest of my life but I don’t have to.

The set of chairs I bought last year for the dining room were $700. They were “vintage”. The ones I wanted to buy to match my table were $900 each, so buying a set of four actual cherry shaker chairs for $700 was a great deal…to me. To others, it’s an extravagance.

Nothing I’m buying is delaying retirement plans or hurting my pocketbook. We were super frugal early in our lives and haven’t had any bumps along the way so we are fortunate to be able to spend a bit here and there.

Sympthsical

(9,041 posts)
31. Still playing WoW on a seven year old PC
Mon Nov 29, 2021, 07:15 PM
Nov 2021

I think I only spent $1100 on it at the time from cyber-powered. With RAM upgraded to 24GB, pretty much everything runs still. I raid with no issues.

I used to spend a ton on games. Not so much these days. As an adult, I just don't have the kinds of time I used to. It took me nearly six months to work through Breath of the Wild on the Switch. In my 20s? Oh yeah, that would've been a week at most. I bought AoE4 on release a few weeks ago. I have spent all of one hour on it. Maybe once finals are over.

I also can't just sit for hours the way I used to, lol. If I'm working/school/gaming, every hour I just wander off for no reason.

That said. Personal things. My phone. High quality ear buds. A smart watch. A tablet to read on. I'll spend on them. Do I need the expensive kinds? Probably not. Do I work a lot and want them? Yes, I do. All my clothes are from Ross and TJ Maxx. I get shoes during Skechers' sales. I shop at Costco for everything. We never use the furnace or AC.

Just give me techy things.

True Dough

(17,258 posts)
32. I bookmarked this thread this morning
Mon Nov 29, 2021, 07:25 PM
Nov 2021

Figured by the time I looked at it during the evening, someone else would have said penny stocks. That was my preoccupation in my mid-30s when I started self-directed investing.

It wasn't that long ago, just after the 2008-09 recession and market crash. It was one of the most opportune times to be an investor in history. But I squandered it. I was like the kid in the candy store. Kept buying and selling way too quickly figuring there was a better dollar to be made elsewhere. Not quite day-trading, but close. You'd think it would be hard to pick losers during that period, but I found some!

I chose a few winners as well, early on, actually, I was up 5x my initial investment in one stock and 6x in another. But I held on to those ones and wound up making only a small gain in one and actually rode the other into a loss.

All this while making transactions through one of the major bank's online platforms instead of a discount brokerage because I was so inexperienced. So I was paying through the nose for every buy and sell, but I figured I'd make it back with my stock picks.

Such immaturity. No guidance. Just young and foolish. |

To this day, I'm still holding one of those stocks, a resource play (in copper). I believe it still has potential and there's very significant insider ownership. But if I'm wrong, I'm wrong. It would just be another kick in the keister.

Trueblue1968

(17,194 posts)
33. i bought a bunch of LOSER stocks. I wish i had KEPT the QVC stock i bought in 1986, but i sold it.
Mon Nov 29, 2021, 08:50 PM
Nov 2021



.....................


I AM ~~ REALLY ~~ STOCK STUPID. i will never do it again.

Scrivener7

(50,924 posts)
34. I said that when I bought Chipotle right before the norovirus
Mon Nov 29, 2021, 09:50 PM
Nov 2021

mishigas.

It ended up paying for my car.

You never know.

yellowdogintexas

(22,235 posts)
37. Christmas Tree Ornaments!! (and assorted other Holiday decorations)
Wed Dec 1, 2021, 01:12 AM
Dec 2021

We have not gone all out with decorations for years. We own a large 8 foot tree and a 4 foot pre lit table top tree. We have not gotten out the big three for maybe 5 years.
Working our way through the many boxes of ornaments I realized we have put a lot of $ into these. We can only get about 1/4 of our ornaments on the smaller tree. Thirty nine years of adding some every year really increases the count.

I did identify a large assortment which I can either sell or donate to a thrift store. We bought a display tree one year and we had to take all the decorations too. They are color co-ordinated so someone could put a really nice tree together with them.

Also books, DVDs and CDs, and shawls. I love shawls!!! I have nearly 100 cookbooks and am picking out the ones I really need to keep.

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