"The secretary at my former workplace lives in a massive McMansion with like a dozen pets (some with expensive chronic health issues), has a deadbeat boyfriend and keeps a pricey renovated vintage pickup truck (even though she usually drives a Benz SUV).
Once she showed off a fancy bag she bought. She said it was fake and cost 800 bucks, but she bought it anyway since it would've been 3000 had it been real, and it was a 'really high-quality fake'. Mind you, she constantly complained about being short on money."
"It was a series of purchases in a very short period of time.
My friend won a settlement and received a couple hundred thousand dollars. He was (and still is) unemployed.
Within the first few months, he blew the money on:
-A new apartment (this one was the most reasonable purchase)
-A crap ton of new technology. This includes basically every gaming system, all the add-ons, dozens of games for each, new smartphones for him and his girlfriend, smartwatches, every single piece of 'smart home' equipment imaginable, etc.
-Thousands of dollars in tattoos. Full, very intricate sleeves, a massive back tattoo, and one on both legs as well.
-Piercings of all kinds for both him and his girlfriend
-Proposed to his girlfriend and planned an extremely extravagant wedding
-Started taking classes at a university which he promptly never attended
And these are just the purchases that he's mentioned. Needless to say, that money is nearly gone a year later and now he is panicking about his finances."
"One of my friends was drowning in $10,000 worth of credit card debt and could only make the minimum payments. He lucked out because apparently he (at almost 30- years old) had never filed taxes and was owed about $10,000.
After crashing his truck he decided he wanted to buy a new, expensive vehicle. It was a used Mercedes at about $35,000. The dealership convinced him to put a sizeable down payment on the car. He didn't have cash so he took $10,000 out of his newly paid off credit card for the down payment...
So now he's drowning in debt again, paying for a car he can't afford, and not driving said car because he can't afford the work that needs to be done on it."
"My friend won a huge payment in an accident settlement and went out and bought a monkey. The monkey resents captivity, goes to washroom everywhere and throws food. My friend is stuck changing little monkey diapers all the time. This same monkey bites, can't be caught and performs autofellatio when angry. This would all be hard to explain to someone's grandma. Instead of having someone to fetch drinks from the fridge this guy was changing diapers for a month until he took his $5000 impulse purchase to a sanctuary."
"A friend I know has spent somewhere in the region of $5000 on 'Grand Theft Auto 5' microtransactions. He has to buy every new vehicle, weapon, house, office building, bunker, clothing, the second they are released.
The worst part is, he'll buy a new toy like a plane for $5 million in-game (about $40 in real life) without looking at any reviews for the plane, or whether it's actually good...fly it for 10 minutes and say 'wow this plane sucks' and never look at it again."
"A friend of mine with six-figure debt who can't even pay his power bill buys a bunch of vinyl records, Chinese herbs, and books from the used bookstore. He spends about 200 dollars.
A month later, desperate for money, he sells it all back to them for a quarter of what he paid. The best part? In his financially messed up mind, he saw it as 'I just made 50 bucks!' "
"Someone in front of me during Black Friday sales purchased an Xbox One from Best Buy (which is fine ), but then paid for Geek Squad to come to their house and set it up.
The better part of me assumes they have some complicated setup involving multiple audio and video inputs that were set up by a friend or family member, and they simply don't want to ask them to come over and add something new to it.
The other part of me thinks they simply have too much money and have lived their lives with 'full service' the whole time."
"Situationally speaking, my friend just dropped 16 thousand in cash on a 2015 car. Now why is this a dumb purchase (for him)...he's been evicted twice in the past 2 years, fired twice and spent more time unemployed in the last 3 years than working. He could have gotten a great car for much less and had money left over to get his kids into a safer, substance-free living arrangement. Instead, he wants to flash his newfound 'wealth' in front of his soon to be ex-wife."
"A few months ago, my fiance and I were looking to leave our current rental and find a place with some friends. They were her friends from work, and I didn't know them too well, but we had been having issues with the property owner, so I figured I'd trust her judgment.
Well, after about a month of me dedicating all of my off days (and even some precious vacation time) going from house to house and us FINALLY finding a place that everyone could agree on, the boyfriend (the only one of us who did not have a job at the time) decided to buy an iPhone X with a hearty chunk of their savings as an 'early birthday' present to himself without discussing it with his partner. Suddenly the deposit became too much for them and now we're stuck here for another year. I was pissed at how irresponsible that was and all the wasted time, but I guess 1 month wasted is better than 1 year of missed rent payments."
"My friend was trying to purchase a car because he needed one. I helped him with budgeting and helped him find local cars that he could afford with his credit score and monthly income. I wasn't able to go with him to look at the cars but my significant other (at the time) was able to. They went out for a couple of hours, and I get a message from him saying that he got one! Awesome! I text the significant other, asking what he got and she says that she dropped him off at (a terrible place). He comes driving up in this 2-year-old Silverado. He's paying almost 4 times the amount that it should be, because he didn't qualify for it at a reasonable interest rate, so he just kept saying to up it until he could drive off the lot. It cost more than his rent per month...and he's almost constantly broke because of it. That's the next 7 years for him."
"A few years ago my father went through this phase where all he could talk about was how much he wanted to play the guitar. He watched hundreds of guitar videos on YouTube, including virtual classes on how to play. This went on for months so, even though I know he was a flake in every aspect of his life, my brother and I agreed to go halves on an electric guitar for him for Christmas. Because I was a college student and my brother was working at McDonald's, we couldn't exactly afford a super nice one and got a kind of learner model for $250. We figured he'd appreciate it anyway. He opened it up on Christmas morning and went 'oh...Thanks! This is cool!' Then he set it aside for several weeks. I think he picked it up and tried to play it once, for about five minutes. Mostly it just collects dust and gets knocked over by the cats. I get angry every time I see it. My father now has a $30 gift limit applied to him and I don't think about it for too long."
"I used to sell jewelry. A man came in super excited to buy an engagement ring for his girlfriend. He was one of the happiest customers I ever had.
A few days later he comes back to me to return the ring. He looks beat down and says she told him to 'try again'. I am in shock, but help him try to pick out something 'nicer' (read bigger and more expensive).
This happens 3 more times... I'll never understand why he did it, but he ended up spending over four times his original budget and looked so incredibly sad when he left the store the last time."
"My unemployed brother-in-law can't pay bills like power, rent, etc. and he and his wife (my sister) were expecting their second child. He found a $1,000 knife set on sale for $400 and bought it because it was such a good deal, he used to work at the deli counter at the local grocery store, and now thinks he's a sous chef. When you can't pay bills, this is a completely bad purchase. Especially because I offered to sharpen their other knife set. Dumb (Oh, and he bought a big screen T.V like a few months before, it was a good deal too)."
"My older female relative would rent a condo near us every year and stay for a couple months while she rented her house in a retirement community. One year she called us excited about a new deal she got. She bought a membership in a vacation club from a telemarketer. It was thousands of dollars to join the club that would supposedly give you discounts on rentals. We told her it was ridiculous to pay thousands of dollars for a club when she didn't even get a single room night. But she was adamant that it was a great deal just like the guy on the phone told her.
So she goes to book a condo for her 2-month stay and finds out there is a 2-week maximum stay at any property. So she paid thousands of dollars for discounts that wouldn't do anything to actually save her money. We tried to tell her to not listen to people who try to sell stuff over the phone. Meanwhile, her sister who lives with her has been online chatting and dating foreign businessmen and even went to the airport to meet one. Sadly, his plane crashed on the way over and he needed money to get back to his home country. What a coincidence... sigh.
I hope I don't become this gullible when I'm older."
"A friend dropped like 200 on a crappy katana at the mall. There is nothing at all special about it and probably cost them $20 from China.
He was also a compulsive liar and tried to sell us on the idea that he took sword fighting lessons 'in karate'. Which school? 'Oh, just regular'.
I crack up laughing and inform him there is no 'regular' karate. And that by definition, karate is unarmed..."
"An ex: 'Do you have any money I could borrow for food? I only had $10 left for food this week out of my check.'
Payday was the day before and she had taken her $10 to a dinner buffet and ate nothing but buttered rolls and (fake) mashed potatoes 'because they're just so good.' She then complained for the entire week about only having bread, hot dogs, ketchup, and peanut butter for the next 6 days because that's all that was in her kitchen.
An ex-girlfriend also bought me a birthday present with my money. A custom bound book to write me love notes in, surprisingly thoughtful. She paid an extra $50 (double) for rush processing to get it a week sooner for my birthday in 3 weeks. She only ever wrote on 4 of the 250 pages."
"It's not a purchase but I've seen citizens of my country donate jewelry and large amounts of money to temples who barely do anything with it except keep it and distribute it within themselves.
Hundreds of hungry, homeless people live outside those temples and no one bats an eye.
Although I do realize a lot of people intend good, they just don't seem to invest in their nation but a hopeless belief which barely does much."
"When my girlfriend and her friends went to university they each got their loans (as you do), except my girlfriend got triple the amount of money even though she shouldn't have.
It's been 1 term and my girlfriend 's friend has exhausted all of her money (about 8 thousand I think) on anime figurines and toys. Which she's now trying to resell because she has no money at all. My girlfriend who got a third of that money still had about half by Christmas..."
"My roommate's mom has the issue of constantly buying random stuff on Amazon and sending it to him based on the smallest whim of their conversations. Almost all are a waste of money on her part and are usually a mystery up until they show up at the door. A few examples:
-A bread maker because he tried to make bread once
-An Xbox 360 Kinect bundle because he showed her a YouTube video of someone hacking a Kinect
-A wrong sized Deadpool themed leather jacket for him because his cousin is a Deadpool fanatic (he ended up just giving it to his cousin who it also barely fit)
-A $300 blender/food processor and $100 hand blender because he accidentally mentioned that his hand blender was broken (although, she didn't know that he bought a new one the next day.
I should point out that his parents are in no way well off. They're both retired middle class."
Points are edited for clarity.