I know ‘stupid’ is a naughty word. Thank goodness none of my nieces or nephews can read.
Surely there are more than 5 stupid things you can do with your money, but I’d be writing forever.
1. Ignore it.
I know many adults who are still intimidated by the terms finance, budget, and fiscal. I’m still a little hazy on fiscal. It’s all too common that people avoid thinking about their finances altogether. If you ignore your yard, it’s still going to grow. One day you’ll look outside and realize that it’s a jungle out there. A little, consistent maintenance over time can result in a backyard escape you can be proud of (the yard is a metaphor for your finances, smooth, I know).
2. Fall into the “Prince/Princess” mentality.
It was cute when you were 5, but now that you’re a grownup, it’s just creepy. Yes, you work hard and yes, you should splurge every once in a while. However, many men and women (prince and princesses) believe that they deserve to live a life of luxury. I don’t know you, I don’t know what you deserve, but I will tell you that you should live within your means. In other words, if you can’t afford a weekly pedicure or night out at the bar (wow, I’m a big stereotyper), then you shouldn’t go. Period.
3. Jump on a bandwagon.
Remember when you got swept away by the Beanie Baby craze? Don’t be embarrassed, I did too. I’ll tell you just how much that pink pig with the mint condition tag is worth now: $Nada. Before you hop aboard the next crazy train, consider your attention span and just how long this fad can hold your or anyone else’s interest. One of my sisters is currently regretting blowing hundreds of dollars on scrapbooking equipment, talk about an expensive habit.
4. Buy crap for your kids.
It’s alright to want to give your kids everything, but that doesn’t mean you should. If your house is like a toy Vietnam where Charlie is everywhere, if your daughter has more (but preferably less risque) clothes than Madonna, you are buying too much crap for your kids. Maybe that saxophone you bought your son isn’t a hunk of junk, but because he hasn’t touched it since you bought it 6 months ago, this too falls into the category of wasting money on your kids. Rather than buying your kids things that they don’t need or won’t use, consider contributing to their 529 Plans or just set the money aside for some really rockin’ Christmas presents.
5. Buy crap for your house.
Ross, Marshall’s, TJ Max, Homegoods. All of these stores have AMAZING deals right? Not necessarily. It’s only a good deal if it’s something you needed, something you wanted, and something you will always enjoy. These stores thrive on impulse purchases. Next time, before you come home with 5 bags of “good deals,” consider whether or not each item will improve your life and home. You can take all the money you save and put it away towards something you absolutely adore.
Article publié pour la première fois le 26/08/2010