At Bargaineering we usually talk about ways to save money, imparting practical advice on the best ways to get the most bang for your buck.
But it’s summer, and things are a little goofy, so today we’re going to suggest a few ways to wreck your finances and stop building wealth.
So here’s nine dumb things to do with your money. Fair warning: I have my sassy pants on, and I’m not afraid to show it.
Dumb Move 1. Buy or lease a luxury car. Investing $600 or $700 a month in a Mercedes, BMW or Land Rover is totally worth the admiring – even jealous – looks from your friends and family. You might not be rich, but all of the dudes and chicks in the Taco Bell drive thru will think you are.
Dumb Move 2. Pay for everything with credit cards. It’ so easy to whip out the plastic or wave your smart phone in front of a terminal. You might lose track of how much you’re spending but when you want something, when you need something, you’re never out of cash, and never leave a store disappointed.
Dumb Move 3. Chasing fashion trends You can’t expect to land the best dates, or invites to the hippest parties, if it doesn’t look like People Style Watch threw up on you. Yeah, today’s trends are so short-lived that they’re on way out before the credit card bill arrives. But you’ve got to wear something, even if the major purveyors of “fast fashion” are bad for the planet. (That John Oliver is such a know-it-all..)
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