Don’t Be Fooled: 15 Items Only Suckers Spend Money On

Money is a finite resource, and each of us has our distinct viewpoints on how to make prudent use of it. Certain expenses are deemed reasonable, while others are considered extravagant or superfluous. Exploring the vast array of opinions regarding what people refuse to spend their hard-earned money on is truly fascinating. Here are some key insights gathered from an online forum.

Lottery

Purchasing a ticket or two, even to dream, is a small expense to consider. Engaging in the belief that one can become a millionaire overnight, despite lacking the financial means is extremely risky and reckless behavior. Many gamblers may not realize that they are not paying to win. However, they spend each week in the faint hope of never having to work again. 

Timeshares

A timeshare is an excellent option if you don’t mind taking the same vacation every year for the next two decades. It’s also important to remember that most American workers don’t have the luxury of taking extended paid holidays to make the most of their timeshare investments. Otherwise, Timeshares are a good investment if you know for sure that you can spend time every year vacationing consistently without completely emptying your savings.

Bottle Service

One user finds it unappealing. They claim that every video on social media about bottle service is filled with awkward and cringe-worthy content. Moreover, they cannot comprehend the justification for a $15 bottle of liquor being sold for $300 just because it has a sparkler attached to it and is served by a disinterested lady.

Cable TV

Another person in the discussion thinks that television is pointless and obsolete at this point in time. People question its continued use outside its traditional news and sports audiences because of the inevitable presence of commercials. Someone else lamented that they had given up on television because it had become too filled with trashy reality shows. I loved those channels, and to see them trashed by this garbage kills me,” they say.

Designer Wallets

A designer wallet is useless, in a user’s opinion. It’s a hard pass for them because they don’t see the logic behind spending money to have something expensive to put their money in. These wallets do not provide significantly better functionality or storage than more affordable options.

Weddings

Instead of spending all that money on a lavish wedding, newlyweds would be better off investing in a new beginning. That’s a lot of money that may go toward a house down payment. A forum member lamented that the Netflix reality show “Marriage or Mortgage” depicted multiple people who spent upwards of $30,000 on a wedding instead of a down payment on a house, only to continue living at home with their parents.

Funeral

Funeral directors often advise people who have recently lost a loved one within the past 48 hours that spending more on the funeral demonstrates tremendous respect. However, making such significant financial decisions, like paying $10K immediately after a loss, is not ideal.

High Art

One user shares their difficulty comprehending why their friend spent over $100 on a picture of a whale wearing a suit. Another user responds, suggesting that high art lacks intrinsic value and is essentially a construct upheld by wealthy individuals to maneuver their finances creatively. Those with less financial means do not dictate the value of high art, and someone spending a significant amount, even half a billion, on art is not necessarily foolish.

Valet Parking

Beyond the financial aspect, there are concerns about valet services, including the possibility of items getting stolen. For many users, it’s not just about the money; it’s a matter of trust. Handing over their vehicle to a stranger makes them uncomfortable, akin to letting someone wear their clothes. They prioritize trust and would rather walk a mile than use a valet service.

Luxury Bottled Water

Indeed, many users assert that the allure of luxury bottled water lies primarily in the fancy bottles they come in. One user candidly admits to purchasing Voss bottles mainly for their aesthetic appeal, finding them more budget-friendly than unbranded glass water bottles. However, when dining out, most users would instead opt for iced tap water that comes free of charge, allowing them to save money for indulging in cocktails instead.

Expensive Phones

For one individual, the idea of spending money and time on super-expensive phones is simply out of the question. They have no interest in waiting in line for these phones, as it’s an activity they dislike. Moreover, nowadays, all phones are pretty much the same. Another person shares that their current phone still performs all the necessary functions, and the new versions don’t offer many new and impressive features that would make them go, “oh I gotta have that right now.” 

Expensive Clothes for Kids

They grow at an incredible pace. Buying them clothes that are too expensive that won’t last even a year before they outgrow them feels like a waste! kids don’t really care about brands. As long as their clothes have some dinosaurs or glitter on them, they’re absolutely thrilled!

Designer Dogs

Certain designer breeds may be prone to genetic health issues resulting from overbreeding or specific trait combinations. This could lead to expensive veterinary expenses and emotional distress for the owner. On the other hand, there is an abundance of dogs in shelters and rescues eagerly looking for loving homes. Choosing to adopt a shelter dog not only saves money but also provides a dog in need with an opportunity for a happier and healthier life.

Extended Warranties

Extended warranties may be unnecessary due to overlapping coverage with the manufacturer’s warranty and limited use for durable products. Additionally, specific terms, conditions, and limitations in the extended warranty can lead to unexpected costs and disappointments if certain issues are not covered. One user says, “The only warranty that paid off for me was discount tires. Everything else was money thrown away.”

Custom Number Plates

To advertise part of your personality sounds like a good reason to get them. But having to pay a continual yearly fee is a poor expenditure. They should be just a one-time fee.

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