Linda @ The Cents of Money
We all have our guilty pleasures, and sometimes, it’s hard to resist the urge to splurge on something we are wasting money and don’t need. However, some people spend tons of money on things considered dumb and unnecessary.
1. Designer Water Bottles
Believe it or not, people are willing to spend a small fortune on water bottles simply because they have a designer label, including Yeti or Stanley. Yes, you read that right. Some people will drop hundreds of dollars on a bottle just because it has a fancy brand name.
It’s not like the water inside is any different than what you can get from your faucet.
2. Virtual Goods
Gone are the days of collecting physical items like stamps or coins. Nowadays, people spend money on virtual goods such as video game skins, in-game currency, and even virtual real estate.
While these items may enhance the gaming experience, they’re not worth the exorbitant prices some people are willing to pay.
3. Luxury Pet Items
Our furry friends are undoubtedly a big part of our lives, but some people take pet pampering to the extreme. From designer collars and beds to gourmet food and spa treatments, some pet owners will spend more on their pets than themselves.
Although it is excellent to show your pets love and affection, you don’t need to break the bank to do so.
4. Expensive Coffee
We all have our go-to coffee shops, but some people take their caffeine addiction to the next level. Some coffee aficionados are willing to spend a small fortune on premium coffee beans, specialized brewing equipment, and even barista courses.
A good cup of coffee is definitely worth paying for; however, there’s no need to spend a ton of money for the coffee “experience.”
5. “Miracle” Products
We’ve all seen those late-night infomercials for products that promise to change our lives in miraculous ways. Perhaps some of these products may actually work, but most are nothing more than useless snake oil.
Despite the dubious claims, some people are willing to spend a small fortune on these products, only to be disappointed when they don’t live up to the hype.
6. Brand Name Clothing
High-end fashion brands can offer quality materials and craftsmanship, some people are willing to shell out exorbitant amounts of money just for a label.
It’s not uncommon to see people paying as much as $1000 for a single item of clothing simply because of the brand name.
7. Expensive Gym Memberships
Staying fit and healthy is essential, but some people take it to the extreme by paying for expensive gym memberships they may not even use. Many gyms offer memberships that cost hundreds of dollars a month, which is a hefty price to pay for something that can be achieved for free with some creativity and videos from the internet.
8. Tech Gadgets
The tech industry constantly introduces new and innovative products, but some people are willing to spend thousands of dollars on gadgets that may not even improve their daily lives. From high-end smartphones to the latest smartwatches, some people are always on the hunt for the newest technology, even if it means breaking the bank.
9. Designer Sunglasses
Sunglasses are an essential accessory for most people, but some are willing to pay a small fortune for a pair simply because of the designer label. It’s not uncommon to see sunglasses that cost an arm and a leg, which is a steep price to pay for something that can easily be lost or broken.
10. Luxury Cars
While it’s true that some cars offer superior quality and performance, some people are willing to spend an outrageous amount of money just for the prestige of owning a luxury car. It’s not uncommon to see people paying six-figure sums for a vehicle that may not even be the most practical or fuel-efficient choice.
11. Using Food Delivery Services
According to a Lending Tree survey, the average consumer splurges about $1,850 annually on delivered food. Nearly half of these customers were spending more than they could afford. I get the appeal of not wanting to make meals when you work long hours and barely get a day off. However, there are cheaper alternatives to DoorDash and Uber Eats. Stock up on prepared food that you can reheat, or make something simple on days you’re home earlier or on the weekend, and freeze it. Then enjoy saving money.
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This article was produced and syndicated by The Cents of Money.
Source: Reddit.