Ok ladies, I am the queen of wasting money every month. If I think back to my 20s and how much money I spent on going out, buying clothes and shoes and purses that I didn’t need, I’d probably be a millionaire at this point in my life. I have wasted so much money on stupid things that it’s actually pretty embarrassing. In this post I want to tell you five different ways I’ve wasted money and if you’ve done this I want to show you how you can fix it.
1. I spent $455.82 on cowboy boots.
I know, this is ridiculous and actually quite sickening. I don’t know what got into me when I did this and actually this wasn’t that long ago, but for some reason I have developed this cowboy boot addiction and I can’t stop wearing them or wanting to buy them.
Now, I actually ended up taking one of the pairs of boots back and I couldn’t part with the other pair, so the problem with this is I have a problem with: I want things when I want them because I work a lot, I work hard, I spend a lot of time doing the things in life that I really don’t want to do so sometimes I just feel like I deserve these things.
I don’ t have a good fix for this other than to tell you, and I need to follow my own advice here, but you have to put spending for these types of items in your spending plan each month. Maybe you can only afford $25 or maybe you can only afford $50 but whatever it is start saving money for those things that you want that you don’t necessarily need and then when you have your cash built up you can go buy these items in cash and you won’t incur the credit card debt.
Now I didn’t buy all these cars at once obviously.
I bought them over a 10-year period but buying a brand new care is a huge waste of money.
When you buy a brand new car and you roll it off the lot, the car depreciates in value, and what that means is the car instantly as you drive it off the lot the car is worth less than when you purchased it.
Brand new cars have a huge depreciation rate so the best thing I can tell you here is to look for good used cars.
3. Getting a speeding ticket or other stupid tickets that are just a waste of money.
Last week I was unfortunate enough to get caught speeding and speeding tickets are a lot of trouble. Any type of ticket is a lot of trouble, but speeding tickets
especially because they’re one of those little annoyances in life but yet you have to deal with the cost of the ticket or if you’re getting a lawyer involved or your ticket is something worse, there sometimes can be a lot of expenses incurred. The simple way to fix it is don’t do the thing that you would get the ticket for, so don’t speed, don’t do something wrong that you’re going to get caught for. I need to follow my own advice here because like I said I just got a ticket last week.
4. Trying to be too cheap.
I know I talk a lot on this blog about saving money and ways to cut back on your spending but there are times in life when you just can’t afford to be cheap and one of those times is when you’re going to dye your hair and I know a lot of you reading probably do this at home on your own and you can probably do this well but I have never been able to dye my own hair.
I look back at myself in pictures when I was younger and I can remember during this time I used to dye my hair and my hair was in various stages. It would be sometimes half red, it was be brassy looking, it would be almost orange in color, and I was thinking to myself why didn’t anyone tell me what my hair looked like. I mean it was bad and I can specifically remember one time I tried to do cheap highlights on my hair and in the end all I ended up with was an orange halo.
I went back to Walgreen’s that day about five times to try to correct it, spent about $60, and never got it corrected and then the next day I had to go the salon and spend another $100 to get them to fix it to look right. There are sometimes in life when it just doesn’t pay to be cheap and dying your hair is one of those times.
5. Trying to be something you’re not.
Now this may seem like a weird tip here or a weird thing to talk about when we’re talking about spending money but I think many of you can relate to this with me here when I talk about you try to be something you’re not. You try to go with a crowd of people that maybe you don’t really hang out with or you try to spend money on things that you know you can’t afford and this is one of those stupid things in life that you just end up wasting a lot of money.
I had an experience with this at a country club that I used to belong to and, trust me, I know at this stage of my life I am not a country club kind of person, but back then I was trying to fit in and I thought it was something I could do. I got invited to play 18 holes of golf and do kind of a women’s golf outing and dinner. Well, I went to the event and this event had a bunch of old women who basically played golf three to five times a day and I had golfed like once in my life, so I really didn’t fit in and all I did was piss the old ladies off because I sucked at golfing.
So at the end we had the dinner and I couldn’t wait to get out of there, but the kicker was a couple weeks after the event I got a bill from the country club for like $350 and the problem with that was I was trying to be cool and fit in but I didn’t ask the cost of the event, so that really sucked because I owed a lot of money and there was really no way out of it.
Those are the five stupid ways I’ve wasted money and I hope I’ve showed you some ways to fix it.
Leave a comment below and let me know some of the stupid ways you’ve spent your money and how you fixed it.