21 Things Broke People Waste Money On

If there were an award for the cutest, most pointless purchase, I’d have to go with: baby Vans shoes. In this episode, find out 21 things broke people waste money on so you can avoid those sneaky traps.

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[porscheguy]

I knew a woman who would not go on vacations, rode dangerous city buses, dug into grocery store garbage cans, refused to use hot water, refused to turn on her air conditioner, , sold her vacation days back to the company she worked, bought all her clothes from goodwill so she could retire rich She died sad, angry, lonely at the age of 52 and the sister she hated inherited all her money.

[scope]

1. Impulse purchases
2. Eating out
3. Credit card interest
4. In-app purchases/ Micro-transactions
5. Paying too much insurance or for insurance you don't need
6. Expensive cars
7. Small indulgences leading to bad habits
8. Designer clothing
9. Designer baby clothing
10. Expensive phone plans
11. Banking fees
12. Cigarettes and vapes
13. Extended warranties
14. Useless subscriptions
15. Cable TV
16. Car lease and loans
17. Unused and expensive gym memberships
18. Sports betting
19. Lottery tickets
20. Expensive dates
21. Peak season flights and hotels

[nilsschear]

You mentioned nicotine but not alcohol? Quitting alcohol literally made it easier to resist like half this list. By far the most frugal thing I’ve ever done.

[williamramos]

Moral of the story. Stop making unnecessary purchases. Once you see it as a massive scam. You begin to actually win.

[OnlyViralNEWS-fgku]

2 things that helped me and literally changed my life

1. I stopped watching porn
2. I read the book called 'Genius Hidden Tricks'
3. Stop drinking

[FradAnner]

Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.

[macuse]

You can still live a happy fulfilling life and not buy a bunch of crap you don’t need. That sums it up

[Sapoairsoft]

What helped me a lot as a small business-owner is learning how to budget and not to touch any of the money for something it wasn't meant to be spent on

[YakAttack]

This should be labeled how to squeeze as many sponsors into one 11 minute video that you can. Lol

[ladyvignette]

Try the library for movies and shows. Your taxes are paying for it, you might as well use it.

[Lousybarber]

Another waste of funds can be amassing a bunch of worthless collectables. I have been to some estate sales and have seen tables full of name brand collectables that someone purchased new on a regular basis that were being sold for pennies on the dollar. Having a collection of items is not a bad thing as long as you get the stuff pre owned and realize that you will probably never see a net gain from it.

[susanbrennan]

Yes I bought an expensive car. In 2017 after a week in the hospital thinking I was going to die. I bought my bucket list car. A Ford Mustang convertible. 7 years later the car is way paid off and I could go to any carmax and sell it for what I bought it for. But I won’t. It’s my baby and gives me pleasure every time I sit in it. Put a price on that.

[SnowyCountryChicken]

One of my friends and her husband are medical doctors. When their 4 kids were very young, my friend would buy used clothes on eBay for super cheap for the kids.

[dmhq-administration]

YES, I'M ALWAYS "BROKE" BECAUSE...I SPEND MOST OF MY MONEY ON STRICTLY...groceries! My groceries double/triple My rent!

[noseefood]

Add alcohol, drugs, gambling, and gadgets

[Aarrenrhonda]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or diversify ?

[ruthburcham]

I completely agree with you on the baby clothes. I've found really good clothes, swaddles and even blankets/ bedding at thrift stores. (And I mean the expensive stuff too!!)

[Yakixx]

I followed your channel since it started getting popular and your jokes and timing for memes has gotten so much better. Good job writers.

[denniswetzler]

Had no idea how rich I was not buying the stuff I can't afford. Neat

[minnesotajames]

You left out tattoos. I don't have any issues with them but it seems like every broke person I know has a bunch of them and they are always rolling up with the last $300 ink job.