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What's the worst financial decision you've ever made?
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Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
Quote

Doesn't have to be thousands of dollars. Just a thing you spent money on that turned out to be a complete waste.

156   Original
Dr. Wesker lemmy.sdf.org wesker@lemmy.sdf.org
Joined: 2023-06-10
#2 · Quote Reply

The crypto craze of 2017

9
Bustedknuckles lemmy.world Bustedknuckles@lemmy.world
Joined: 2023-07-04
#3 · Quote Reply

Underestimating the lengths that Trump admin would go to prop up equity markets during COVID

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Scott 🇨🇦🏴‍☠️ lemmy.ca RodgeGrabTheCat@lemmy.ca
Joined: 2026-09-10
#4 · Quote Reply

Community College machine shop. Too many graduates, not enough available positions.

Maybe a few $100 in total so not too bad.

15
miraclerandy lemmy.world miraclerandy@lemmy.world
Joined: 2023-06-23
#5 · Quote Reply

Bought a house with my ex and we were instantly house poor. We didn’t account for buying things for the house at all. Ended up selling and moving two years later at a loss even though we sold for a bit more than we bought it for.

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buttmasterflex piefed.social buttmasterflex@piefed.social
Joined: 2025-12-12
#6 · Quote Reply

Got convinced by someone I very much trusted to join an MLM as a 19 or 20 year old. After my parents learned about it, they were able to talk some sense into me, and I realized I was part of a pyramid scheme. I got out and basically broke even, which was honestly the best possible outcome of that whole scenario. It unfortunately degraded my relationship with the person who convinced me to join, and I never really could fully trust them after that.

85
DigDoug lemmy.world DigDoug@lemmy.world
Joined: 2023-06-11
#7 · Quote Reply

University

I spent 50 grand and 4 years of my life to be told by prospective employers that I either lacked real world experience, or that I was overqualified. It took me another 3 years to find a job after university - one that doesn't require training and is barely relevant to my field.

I get to hang a pretty piece of paper up on my wall, I guess.

80
Rhynoplaz lemmy.world Rhynoplaz@lemmy.world
Joined: 2023-07-07
#8 · Quote Reply

University I spent 50 grand and 4 years of my life to be told by prospective employers that I either lacked real world experience, or that I was overqualified. It took me another 3 years to find a job after university - one that doesn't require training and is barely relevant to my field. I get to hang a pretty piece of paper up on my wall, I guess.

Overall, I guess this wins

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ℕ𝕖𝕞𝕠 slrpnk.net Nemo@slrpnk.net
Joined: 2023-07-01
#9 · Quote Reply

continuing to attend college without a plan to graduate

14
Chivera lemmy.world Chivera@lemmy.world
Joined: 2023-07-03
#10 · Quote Reply

A new car

14
hobata lemmy.ml hobata@lemmy.ml
Joined: 2025-05-06
#11 · Quote Reply

formatted my drive 2010 thinking the bitcoin scam would not last so long.

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gigastasio sh.itjust.works gigastasio@sh.itjust.works
Joined: 2025-10-13
#12 · Quote Reply

My kid’s mom.

Girl is a hole in spacetime that I’ve been throwing money into for eight years now.

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disregardable lemmy.zip disregardable@lemmy.zip
Joined: 2025-12-26
#13 · Quote Reply

My entire existence is a financial mistake. To make a financial mistake, you have to have finances in the first place.

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radiofreebc lemmy.world radiofreebc@lemmy.world
Joined: 2023-06-29
#14 · (edited) Quote Reply

[deleted]
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palordrolap fedia.io palordrolap@fedia.io
Joined: 2024-08-13
#15 · Quote Reply

Probably the time I used a cash machine in a weird place in my home town to draw out the maximum I could for Christmas spending and all I got from it was the receipt saying the money had gone from my account.

The place was weird because, although it was in a very public square, it was kind of high off the ground, like it had been installed for people over 6ft tall. I am not that tall. The novelty appealed to me anyway. Mistake.

I was so ashamed, I never reported it. I didn't think I'd be believed.

If you want actual things, I own a pre-smartphone electronic personal organiser that I used about five times and about a dozen calculators from when I got really into them for some reason. And at least one of those was "parts only" that I completely missed in the description.

But if I could undo anything, I'd rather have that cash machine money back.

25
Suck_on_my_Presence lemmy.world Suck_on_my_Presence@lemmy.world
Joined: 2023-07-07
#16 · Quote Reply

I was young and dumb and didn't know how to say no.

Timeshare.

It's so hard to get rid of. Fuck that thing.

61
Anti_Iridium lemmy.world Anti_Iridium@lemmy.world
Joined: 2023-07-26
#17 · Quote Reply

Community College machine shop. Too many graduates, not enough available positions. Maybe a few $100 in total so not too bad.

I on the otherhand cannot wait until I can have a place of my own with a lathe and mill.

11
Zerlyna lemmy.world Zerlyna@lemmy.world
Joined: 2023-06-12
#18 · Quote Reply

I was young and dumb and didn't know how to say no. Timeshare. It's so hard to get rid of. Fuck that thing.

I was married, in my 40’s and listened to my now ex hubby #2 because his family had several. The payment was $600 a month… a second mortgage for a one week vacation? The timeshare, nor our marriage, lasted long after that.

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anonymouse2 sh.itjust.works anonymouse2@sh.itjust.works
Joined: 2024-05-01
#19 · Quote Reply

I was young and dumb and didn't know how to say no. Timeshare. It's so hard to get rid of. Fuck that thing.

Maybe I'm lucky, but I just stopped paying the maintenance fees. It never showed up on my credit, the phone calls stopped years ago, and all I get is the occasional scam offer in the mail to help me sell it.

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Ioughttamow fedia.io Ioughttamow@fedia.io
Joined: 2024-08-14
#20 · Quote Reply

Getting into debt while being underemployed. Thank goodness for my wife, my privilege, and the fcra. Though I suppose it’s more the undiagnosed (until my mid 30s) ADHD that led to that, and most of my other problems

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solrize lemmy.ml solrize@lemmy.ml
Joined: 2023-06-22
#21 · Quote Reply

Should have decided to be born rich. Darn.

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mafishfayda lemmy.world mafishfayda@lemmy.world
Joined: 2026-09-16
#22 · Quote Reply

An old job where transportation literally cost me half my salary.

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BoofStroke sh.itjust.works knobbysideup@sh.itjust.works
Joined: 2023-12-20
#23 · Quote Reply

Strippers

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Keilik lemmy.world Keilik@lemmy.world
Joined: 2025-03-05
#24 · Quote Reply

I on the otherhand cannot wait until I can have a place of my own with a lathe and mill.

The best thing of having a machine shop and getting proficient with the machines is simultaneously having a god complex and imposter syndrome when you get to make cool stuff.

7
treadful lemmy.zip treadful@lemmy.zip
Joined: 2023-06-13
#25 · Quote Reply

[deleted]

How much could a little spoon cost?

15
mysticpickle lemmy.ca mysticpickle@lemmy.ca
Joined: 2023-09-14
#26 · Quote Reply

A new car

I read that in The Price is Right announcer's voice.

9
Shadow lemmy.ca Shadow@lemmy.ca
Joined: 2023-06-22
#27 · Quote Reply

Listened to the internet and held onto Gamestop for longer than I should have.

I still did ok, but fuck I could have paid off my mortgage.

41
Scrubbles poptalk.scrubbles.tech scrubbles@poptalk.scrubbles.tech
Joined: 2023-06-02
#28 · Quote Reply

An old job where transportation literally cost me half my salary.

Too many people don't factor in the cost of transportation, and it's such a big one, especially now. In the midwest especially I know I did. I got a new job that was an hour away by car, which is about 40 miles including navigating from my city, the interstate, and the destination city. I knew my old car wouldn't make it that much, so I bought a new car to help (and stupid younger me thought I looked cooler with it). At the time, gas was about $3/gallon and I got 30mpg highway, and I'll round down to account for city mileage. So about 2.5 gallons of gas per work day, so $7.50 a day, or $150 a month. That's $1,800 a year gone to gas alone.

Then add in that new car payment ($500/month), and higher insurance (+250/month compared to previous insurance) and that's $10.800 a year just to get to work, not counting anything else.

Then I think that I took the job because I could get 20k more than my current job in the same city thinking "oh that's so much more money". Only looking back do I realize I immediately lost over half of that just to driving there, plus probably ~6,000 to taxes. So my "cool" new job in the other city netted me about $3,200 additional in my pocket per year, which is an additional $250 a month. Was it worth the additional stress of driving 2 hours every day, 40 hours a month (an additional work week every month) just for $250 a month? Probably not.

24
CombatWombat feddit.online CombatWombat@feddit.online
Joined: 2025-09-09
#29 · Quote Reply

I bought a new car one time. Huge mistake. Buy a cargo bike and ride the bus, folks.

10
sin_free_for_00_days sopuli.xyz sin_free_for_00_days@sopuli.xyz
Joined: 2023-07-28
#30 · Quote Reply

Marriage.

8
yeehaw lemmy.ca cyberpunk007@lemmy.ca
Joined: 2023-08-09
#31 · Quote Reply

Rebuilding an old diesel

9
Zorque lemmy.world Zorque@lemmy.world
Joined: 2023-08-13
#32 · Quote Reply

Strippers

Yeah, but now Sham-payne can go to college.

11
aloofPenguin piefed.world aloofPenguin@piefed.world
Joined: 2026-01-05
#33 · (edited) Quote Reply

The best thing of having a machine shop and getting proficient with the machines is simultaneously having a god complex and imposter syndrome when you get to make cool stuff.

why imposter syndrome? is it like "I can't beleive I just did that!!", or something else?

E: The second Follow Up isn't impostor syndrome iirc (I might be wrong about that)

1
sem piefed.blahaj.zone sem@piefed.blahaj.zone
Joined: 2025-09-04
#34 · Quote Reply

I bought a laptop i don't really like. Screen is too small to get real work done. I thought i was saving money with the smaller model

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Brkdncr lemmy.world Brkdncr@lemmy.world
Joined: 2023-11-21
#35 · Quote Reply

Taking an interest in restoring cars.

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unitedwithme lemmy.today unitedwithme@lemmy.today
Joined: 2026-04-09
#36 · Quote Reply

Too many people don't factor in the cost of transportation, and it's such a big one, especially now. In the midwest especially I know I did. I got a new job that was an hour away by car, which is about 40 miles including navigating from my city, the interstate, and the destination city. I knew my old car wouldn't make it that much, so I bought a new car to help (and stupid younger me thought I ...

Yeah... Bought a luxury sport car years ago. Gas was $2.5-3 for premium, now it's over $6! I spend almost $350/mo now for roughly my 1k miles a month.

6
notfromhere lemmy.ml notfromhere@lemmy.ml
Joined: 2023-06-04
#37 · Quote Reply

[deleted]

Taste the meat not the heat

7
Beetschnapps lemmy.world Beetschnapps@lemmy.world
Joined: 2023-07-02
#38 · (edited) Quote Reply

My “ex-wife”, I mean, I wasn’t even married. It was almost like if I could help someone else more, then it would all work out.

Turns out no one cares about you, and the more you help others the less you have to help yourself.

I was incredibly altruistic and I would burn to help someone lest I burn alone.

The world don’t care. Get efficient and don’t rely on others.

12
lntl lemmy.ml lntl@lemmy.ml
Joined: 2023-06-04
#39 · Quote Reply

I bought like $20k of INTC when it was $19 and sold at $25

8
boaratio lemmy.world boaratio@lemmy.world
Joined: 2023-08-03
#40 · Quote Reply

Buying an RV.

20
ColeSloth discuss.tchncs.de ColeSloth@discuss.tchncs.de
Joined: 2023-08-18
#41 · Quote Reply

Got convinced by someone I very much trusted to join an MLM as a 19 or 20 year old. After my parents learned about it, they were able to talk some sense into me, and I realized I was part of a pyramid scheme. I got out and basically broke even, which was honestly the best possible outcome of that whole scenario. It unfortunately degraded my relationship with the person who convinced me to join,...

Which MLM?

12
Tenniswaffles lemmy.blahaj.zone Tenniswaffles@lemmy.blahaj.zone
Joined: 2023-08-16
#42 · Quote Reply

My “ex-wife”, I mean, I wasn’t even married. It was almost like if I could help someone else more, then it would all work out. Turns out no one cares about you, and the more you help others the less you have to help yourself. I was incredibly altruistic and I would burn to help someone lest I burn alone. The world don’t care. Get efficient and don’t rely on others.

I get where you're coming from, and being hurt that way is completely valid.

But, your statement assumes you are the only person on the planet like that. If you're willing put someone else before you, unless you're completely unique, there is absolutely people out there with those exact traits, who would do the exact same for you. Obviously that's not an easy thing to find, and I understand your cynicism.

18
ColeSloth discuss.tchncs.de ColeSloth@discuss.tchncs.de
Joined: 2023-08-18
#43 · Quote Reply

formatted my drive 2010 thinking the bitcoin scam would not last so long.

I still have almost two coins in a corrupted wallet file I've never been able to fix from when I mined them on my crappy little laptop back then :-(

9
ColeSloth discuss.tchncs.de ColeSloth@discuss.tchncs.de
Joined: 2023-08-18
#44 · Quote Reply

Listened to the internet and held onto Gamestop for longer than I should have. I still did ok, but fuck I could have paid off my mortgage.

To be fair, they trading commission did some really shady and imo illegal shit to cut the legs out from under the squeeze.

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dis_honestfamiliar lemmy.sdf.org dis_honestfamiliar@lemmy.sdf.org
Joined: 2024-12-01
#45 · Quote Reply

Listened to the internet and held onto Gamestop for longer than I should have. I still did ok, but fuck I could have paid off my mortgage.

Awe man. I managed to minimize my winnings. Sold a call. I figured cool get some action. Yes, that was a 400% profit but if I had taken the opposite (buy the call instead), it could own a new car. Anyway. I'm happy you paid off your mortgage.

3
Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
#46 · Quote Reply

I was young and dumb and didn't know how to say no. Timeshare. It's so hard to get rid of. Fuck that thing.

Ooo thats a rough one.

7
Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
#47 · Quote Reply

An old job where transportation literally cost me half my salary.

Oh fuck that

7
Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
#48 · Quote Reply

[deleted]

Gets the best of us

4
Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
#49 · Quote Reply

I bought a laptop i don't really like. Screen is too small to get real work done. I thought i was saving money with the smaller model

Bummer

3
Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
#50 · Quote Reply

I bought a new car one time. Huge mistake. Buy a cargo bike and ride the bus, folks.

New like brand new or you just bought a car in general and regretted it?

5
Return_of_Chippy lemmy.world Return_of_Chippy@lemmy.world
Joined: 2026-04-28
#51 · Quote Reply

I bought like $20k of INTC when it was $19 and sold at $25

Missed opportunity but still some nice cash.

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