This is why you’re broke Column

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 Personal Finance, This is why you're broke 

This is why you’re broke, luxury water edition

As part of our new #WhyImBroke series, J. Money reminisces about one of the strangest, most face-palming money mistakes we’ve heard so far.

Luxury Water
I’ve done a lot of stupid stuff in the past, but the one that always stands out (and for good measure), was the time I blew $40 on a shiny bottle of “luxury” water. Yes, water. As in, something you can literally get for free by turning on your faucet and then cupping your hands beneath to retrieve it.

Back in the day I didn’t care much for that though. I liked “cool” things, and this company I sent my forty hard-earned dollars to — BlingH20 — promised to send back one of the most awesome, blingy’ness (new word), bottles of water I had ever seen in my entire 25 years on Earth, complete with “Crystallized Swarovski elements” that were “exquisitely made” in “Limited Edition.” Music to my young, naive, ears.

I still have it to this day – check it out:

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 This is why you're broke 

This is why you’re broke, coffee edition

Is $5.27 too much to pay for a cup of coffee?My first time at Kaffee 1668, the line was literally out the door. When I got to the counter, I ordered a small mocha. I had barely uttered “no whipped cream,” when the barista looked me straight in the eyes and said, “We don’t do that here.” Still, nothing caught me off guard quite like the tiny beverage’s $5.27 price tag.

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 This is why you're broke 

This is why you’re broke, auto edition

black mazdaEver make a big financial blunder that taught you a lesson about money? I want to start cataloging those types of experiences from readers (who may choose to remain anonymous) in a recurring feature called “This is why you’re broke.”

If you’ve got any confessions of dumb financial behavior that you’d like to share to hopefully benefit others, take a minute to send them our way, with a picture if possible. Or you can hit us up on Twitter with the hashtag #whyimbroke.

One reader (full disclosure: she’s my wife) sends this story:

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