19 Behaviors That People Think Scream “I Make Poor Financial Choices”

Article created by: Dominyka

Who wouldn't like to achieve financial stability? However, in a world that encourages instant gratification, many of us succumb to the allure of overspending, accumulating debt, and therefore end up living beyond our means.

Interested in what are the biggest pitfalls to avoid, one Reddit user made a post on the platform, asking everyone to share what they believe to be the biggest money mistakes. And to their delight, many responded.

Retirement might seem far away, but the longer we ignore our personal budget, the harder it will be to catch up down the line.

• Read More: 19 Behaviors That People Think Scream "I Make Poor Financial Choices"

#1

Buying designer shoes and expensive jewelry for your baby. eliettgrace replied: I've heard seen stories where parents send their kid to daycare in Gucci and other designer clothes like that and then get mad when the clothes are messed up cause the kid had fun. 1lilhedgehog replied: I once saw a meme that showed tiny preschooler feet in Jordan’s and it said, 'You spend all that money for your preschooler to go to school in Jordan’s...just for them to be jealous of all the kids who have the light-up Paw Patrol shoes. lol too true.

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#2

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#3

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#4

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#5

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#6

Signing up for a payment plan...for tattoos. I met a woman on a dating app once that had her whole body almost covered 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 and I was like 'yeah, no thanks.' 

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#7

My friend's roommate once asked him to borrow money so he could order novelty smell spray from Amazon, instead of waiting for his paycheck. There are worse financial choices than going into debt for a can of joke spray, but it's certainly the funniest one I've heard.

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#8

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#9

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#10

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#11

Your car payment is more then your rent 

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#12

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#13

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#14

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 bad driving. Windir666 replied: 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 $60,000 Mercedes. tristanjones replied: The financially responsible decision is driving a beat-up reliable car because you own it outright and most people intend to drive it into the ground before buying another one.

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#15

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#16

Expensive leased car, living in a sketch neighborhood.

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#17

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#18

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#19

Lottery tickets

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Going into debt for a wedding. armyofsnarkness replied: This is so true. A close friend is still paying off her wedding but the marriage ended last year. 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. AssicusCatticus replied: The neighbors across the street maxed out $25,000 in credit cards to take the family on a 'dream Disney vacation.' She said she'd be paying them off forever, but it was 'worth it for my kids to have this experience.' I was absolutely dumbfounded. Downtown_Cat_1172 replied: Kids don’t need that much. Seriously, give them a bunch of super soakers and let them loose at a picnic ground by a lake. They will talk about it for years. TJ_Rowe replied: If you go to any hotel with a pool, they'll be talking about that pool for years. I'm not kidding. Seeing a a behemoth of a pickup truck with all the bells and whistles parked in front of a mobile home in a trailer park. Having more kids than you can afford to raise Ok_Department5949 replied: I only had two for this reason. Putting them through college and grad school has always been in the back of my mind. 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. always having the latest iPhone Wearing a $900 Gucci belt with your McDonalds staff uniform Ordering out for breakfast, lunch, and dinner every single day. Buying a timeshare. Participating in a MLM scheme. tripsz replied: Don't you talk about my sister that way. She's a small business owner! She earned the privilege to get recognized at a company event this month and gets to purchase her own plane ticket! I'm sure her CPA husband is jealous of her success. Using a check cashing store or payday advance type company. Bizarre_Protuberance replied: Payday loans are predatory loans and would be forbidden in almost every other country. It's basically a loan shark business. But sometimes low income people need money for emergency purposes like the car broke down and they need to get to work. nemesismkiii replied: Oh this 100%. As someone who has worked in financial services, I HATE these places. I will always advocate if you have lower income or cannot seem to work up savings for whatever reason, try switching from a bank to a credit union for your banking needs. They may not be as large as banks or be as good for if you need to travel, but they are local and try to help their local communities since they are owned by them. Buying a widescreen television on tax return day and bringing it home in a car held together by duct tape and prayers. "Hey, can I borrow $15? I'll pay you back next week when I get paid." With the above happening every other week.