What is the dumbest thing you've ever spent your money on and why? - Seedly
 

Lifestyle

Asked by Anonymous

Asked on 26 Nov 2019

What is the dumbest thing you've ever spent your money on and why?

What do you regret spending money on?

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Answers (12)

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Buying new gadgets when I clearly dont need to change my equipment at the moment.

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A 101 plan, back when I didn't know any better :<

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Ching Li Chew
Ching Li Chew

02 Dec 2019

May I know what is a 101 plan?
Elijah Lee
Elijah Lee

02 Dec 2019

Hi Li Chew, it's a pure investment policy from an insurance company.
Mark Chan
Mark Chan
Level 4. Prodigy
Answered on 26 Nov 2019

Crypto.

I burnt a fair share of my annual bonuses in something that I did not fully understand.

Lesson learnt. As Warren Buffett once said, "Never invest in a business you cannot understand."

It was an expensive lesson tho.

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SW
Shaun Wq Lim
Level 6. Master
Answered on 09 Dec 2019

I was a DIY PC enthusiast in my younger days. Spending money on chasing the next new thing. After a while, the gratification drops off and I learnt to make do with good enough.

Money which could have been better put into investing. Opportunity costs.

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Cheap knockoff wireless earbuds like the airpods. The battery life of these can barely last an hour, compared to hours of battery life per charge on the legitimate brand. You get what you pay for.

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Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered on 28 Nov 2019

I bought pru flexi cash during uni

Now considering if can sell it to those companies that buy insurance plans.

I write cool stuff about personal finance and money-saving hacks here.

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LH
L H
Level 4. Prodigy
Answered on 27 Nov 2019

I bought many archie comic books 3 for $10 and it accumulatesd until I had over a hundred comics (was pretty proud of it back then) but now its just a waste of money

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Felicia Toh
Felicia Toh
Level 3. Wonderkid
Answered on 27 Nov 2019

Sonos Play 3 whereby when I change my router, the speaker can't seem to connect to the new wifi. Can someone tell me why did a tech idiot like me purchase a speaker that thrives on wifi LOL.

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Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered on 26 Nov 2019

Buying tamiya racetracks when i was a teenager

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Changing car. I only lose more money each time!

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Pang Zhe Liang
Pang Zhe Liang

26 Nov 2019

Why? I used to buy brand new. Now that I play it rarely, I buy secondhand as collectable (have the whole series since 2000)
Elijah Lee
Elijah Lee

27 Nov 2019

I'm pretty certain I have FIFA 97 somewhere

Not finance related but when Japanese technology was cool, I bought a minidisc player.

Turned out to be very tempermental technology and MP3 came a few years later and totally killed the format...

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