No matter what your old economics textbooks might suggest, human beings aren’t entirely rational. Emotions, hype, and assumptions drive all of us to a greater and lesser extent. What this means is that you’ll find very few people who have ‘perfectly’ optimized their spending.
Meanwhile, the majority of us will have at least one big purchase in our lives that we deeply regret wasting money on. Thanks, hindsight, you’re still 20/20! The members of the popular r/AskReddit community spilled the tea about the dumbest things that they’ve ever bought, and their regret is almost palpable. Scroll down to read their stories and for a relatable reminder that buyer’s remorse is a common visitor in many a household.
We reached out to personal finance expert Rick Orford, the author of 'The Financially Independent Millennial,' for his thoughts on emotional spending and compulsive buying. Read on for the insights he shared with Bored Panda!
#1
Cigarettes. I didn't mind at the time, but having been off them for a decade, it is such a stupid way to spend money in retrospect.
