No matter what your old economics textbooks might suggest, human beings aren’t entirely rational. Emotions, hype, and assumptions drive all of us to a greater and lesser extent. What this means is that you’ll find very few people who have ‘perfectly’ optimized their spending.
Meanwhile, the majority of us will have at least one big purchase in our lives that we deeply regret wasting money on. Thanks, hindsight, you’re still 20/20! The members of the popular r/AskReddit community spilled the tea about the dumbest things that they’ve ever bought, and their regret is almost palpable. Scroll down to read their stories and for a relatable reminder that buyer’s remorse is a common visitor in many a household.
We reached out to personal finance expert Rick Orford, the author of 'The Financially Independent Millennial,' for his thoughts on emotional spending and compulsive buying. Read on for the insights he shared with Bored Panda!
#1
Cigarettes. I didn’t mind at the time, but having been off them for a decade, it is such a stupid way to spend money in retrospect.
Image credits: SevenTheTerrible
#2
Extra lives on candy crush.
Image credits: xilata
#3
A pair of Christian Louboutin stilettos that I absolutely could not afford and paid for with my whole credit card limit. I wore them twice. They are INDESCRIBABLY uncomfortable, the soles are paper thin, and the red scrapes off pretty much immediately if you wear them outside. I was young and clearly very stupid.
Image credits: tummyache-champion
#4
Never loan money to friends…. you’ll never see it again.
Image credits: JuiceGirl300
#5
My Go-Pro camera 10 years ago. Turns out, I don’t live the exciting life I thought I did.
Image credits: zippyboy
#6
My wedding. We are now divorced so I feel I could have used that money for something more worthwhile. Lesson learned.
Image credits: verltodd
#7
I got given a voucher for a iwantoneofthose.com about 15 years ago, and could find nothing I wanted, so I now “own” a square kilometre of the moon.
Image credits: FulaniLovinCriminal
#8
Once, just ONCE, I purchased in-game cash with real cash in a videogame.
I felt *dirty* afterwards. Never again.
Image credits: MegawackyMax
#9
I paid upfront for a 4 year gym contract.
Price was mind blowing.
I went once in 4 years, my own fault.
Image credits: thatcompguyza
#10
A Porsche
Because midlife crisis.
Image credits: Dolphin_Princess
#11
A life-size Danny Devito cardboard cutout. I use him as a seasonal decoration so right now he’s wearing a flower crown. In the winter he become a Christmas tree.
Image credits: skulloflugosi
#12
I got my degree in audio engineering right before everyone stopped buying CDs and the music industry completely changed… So that.
Image credits: Wishilikedhugs
#13
A soup tureen. I thought a married lady who throws dinner parties and fancy brunches (which I was at the time — widowed recluse now) just HAD to have one. I searched for two years to find one that blended with my taste and looked good with my China but not so good that it was all matchy-matchy. Finally found the perfect one, bought it (expensive!) and put it in a cabinet. And NEVER used it, not even once. Turns out I’m too control freaky to serve from a tureen — have to plate the soup so I can get the swirl of sour cream or truffle oil or scattering of minced chives just right.
Kept tureen for a few years then took it to my cousin’s annual yard sale. It didn’t sell.
Image credits: Missus_Aitch_99
#14
Actually my first cat.
I saw her and fell in love. Knew she had never seen a vet, was way too small and ill.
Regret came after I brought her to the vet.
I was dumb a f … that was expensive. (Cat is healthy now – and I am broke) .
Image credits: sasa_shadowed
#15
You know that box on your tax form that asks for $1 or $5 for the presidential re-election fund?
I checked it.
Once.
Image credits: Commercial-Novel-786
#16
$40 on a pair of jeans and belt just to get into a club with my friends never wore them again.
Image credits: Dee_Breeze
#17
A factory sealed copy of the Bibleman PC game.
Image credits: ZeldaTheOuchMouse
#18
DLC and pay-to-play on phone games.
Image credits: scienceforbid
#19
Know that replica frostmourne blizzard and epic weapons made? yeah one of those.
Doesnt even steal souls, what a rip off.
Image credits: Stormraughtz
#20
A Furby. I actually still got it somewhere, more than 25 years later.
Image credits: MrsJaneEmma
#21
My ex-wife, of course.
Image credits: ThinkingMonkey69
#22
A diet program that cost a fortune. Ended up binging on pizza instead.
Image credits: Iriscze
#23
I currently have 130 untouched games on Steam. 120 beaten games. I am buying less games but I know the summer sale starts next week.
Image credits: PotCounts
#24
When QVC was new I came home a bit tipsy & ordered a bunch of caboodles.
Image credits: AssumptionAdvanced58
#25
Panera.
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Image credits: TopBound3x5
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