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Who wouldn't like to achieve financial stability? However, in a world that encourages instant gratification, many of us succumb to the allure of overspending, accumulating debt, and therefore end up living beyond our means.

Interested in what are the biggest pitfalls to avoid, one Reddit user made a post on the platform, asking everyone to share what they believe to be the biggest money mistakes. And to their delight, many responded.

Retirement might seem far away, but the longer we ignore our personal budget, the harder it will be to catch up down the line.

#1

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Buying designer shoes and expensive jewelry for your baby. eliettgrace replied: I've heard seen stories where parents send their kid to daycare in Gucci and other designer s**t like that and then get mad when the clothes are messed up cause the kid had fun. 1lilhedgehog replied: I once saw a meme that showed tiny preschooler feet in Jordan’s and it said, 'You spend all that money for your preschooler to go to school in Jordan’s...just for them to be jealous of all the kids who have the light-up Paw Patrol shoes. lol too true.

The_Lawn_Ninja , Mochi Mochi Report

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GoddessOfChaos
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Why buy designer clothes for children? They don’t understand what it is in order to appreciate it and they grow so fast, they’ll have outgrown them in a few months/weeks. Get them something they’ll actually need!

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#2

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Going into debt for a wedding.

armyofsnarkness replied:
This is so true. A close friend is still paying off her wedding but the marriage ended last year.

alterperspective , Emma Bauso Report

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GoddessOfChaos
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Fancy, over the top weddings are nice, but the point of weddings is to display your love to you partner, and it shouldn’t cost thousands to do that!

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#3

When they have designer clothes and get their hair and nails done every 2 weeks but can't afford to pay the rent.

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#4

30 Behaviors That People Think Scream "I Make Poor Financial Choices" People who refinance their home in order to take a vacation.
You took a week off and only thirty years to pay for it.
Brilliant idea, bozo.

AssicusCatticus replied:
The neighbors across the street maxed out $25,000 in credit cards to take the family on a 'dream Disney vacation.' She said she'd be paying them off forever, but it was 'worth it for my kids to have this experience.' I was absolutely dumbfounded.

Downtown_Cat_1172 replied:
Kids don’t need that much. Seriously, give them a bunch of super soakers and let them loose at a picnic ground by a lake. They will talk about it for years.

TJ_Rowe replied:
If you go to any hotel with a pool, they'll be talking about that pool for years. I'm not kidding.

710AshburyStreet , Oleksandr Canary Islands Report

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GoddessOfChaos
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

True! I remember all of the random, small things me and my siblings did in summer vacation like going to the park or pool more than any big thing years later

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#5

My STBXH.

- Quit his job 2 weeks after we bought our house, and then didn't tell me for 2 months.
- Has been unemployed for a minimum of 6 months every consecutive year since 2019.
- Forgot to transfer his (very small) portion of money to our joint account on payday last month, causing several of our bills to bounce. Got all defensive when I tried to explain why forgetting something like that is extremely risky, and when I tried to explore ideas on how we can prevent recurrence from something like that happening again.
- Bailed/ghosted on our tax appointment last year. As in, never showed up in the first place, and refused to answer phone calls and text messages, leaving me to fend for myself during the tax appointment.
- Suggested we take out a personal loan to cover our escrow shortage. But remember, he's unemployed. So GUESS WHO would be paying back the loan, even though we're already paycheck to paycheck? That's right, yours truly.

I could go on and on, but I'll stop there. I can't wait to be divorced from this deadbeat.

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#6

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Seeing a a behemoth of a pickup truck with all the bells and whistles parked in front of a mobile home in a trailer park.

woodbarber , Nem Malosi Report

#7

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Having more kids than you can afford to raise

Ok_Department5949 replied:
I only had two for this reason. Putting them through college and grad school has always been in the back of my mind.

Separate_Entrance_87 , cottonbro studio Report

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Maya
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Having six kids while being unemployed, not intending to work at all in your life. Living on financial aid. Complaining that financial aid is too low. Cursing the state organisation providing financial aid on social media.

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#8

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Signing up for a payment plan...for tattoos. I met a woman on a dating app once that had her whole body almost covered of tattoos. She had a low income job so I wondered how she could afford them. Turns out she was on a payment plan with the tattoo studio and I was like 'yeah, no thanks.' 

working_class_tired , Brett Sayles Report

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CT
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I had a friend who had borrowed money from me, I thought she was in deep s**t at the end of the month, that it was to pay for food for her children. But no, it was for a new tattoo. Fortunately, she refunded me. We're not friends anymore, not because of that, but it didn't weigh in his favor.

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#9

30 Behaviors That People Think Scream "I Make Poor Financial Choices" My friend's roommate once asked him to borrow money so he could order novelty fart-smell spray from Amazon, instead of waiting for his paycheck.

There are worse financial choices than going into debt for a can of fart spray, but it's certainly the funniest one I've heard.

The_Lawn_Ninja , Marques Thomas Report

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#10

30 Behaviors That People Think Scream "I Make Poor Financial Choices" My wife’s siblings each just received a 117k disbursement from their mothers trust. So far one brother who doesn’t own a home nor a pension plan and is 55 went out and bought a brand new Harley Davidson Full bagger bike. The other brother, who was homeless three months ago is shopping for a Dodge Charger. He is 65 and can’t afford to retire. Her three sisters haven’t made any big purchases yet.It is tough to watch knowing how hard my in-laws worked to leave a little money for the siblings.

Redawg660 , Anna Nekrashevich Report

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Ken Beattie
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Hmm, at least the bike one the bike is around $30k. That still leaves around $87k. Doesn't say what sort of Dodge Charger so can't really tell how much the other brother is aiming to spend. But if he's got himself back into a place and set some money aside, maybe that's not a terrible thing either. Get a car he loves, keep working til he dies. If he's enjoying himself and happy...

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#11

30 Behaviors That People Think Scream "I Make Poor Financial Choices" always having the latest iPhone

bzaroworld , Efrem Efre Report

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StrangeOne
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I don't get how people have a desire to get used to a new phone every year. I just upgraded my Samsung phone. The new one is more fragile, and took me a while to get used to. Just like my old one. It's a pain the a**e. I'm keeping this new one for as long as I can.

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#12

30 Behaviors That People Think Scream "I Make Poor Financial Choices" I had a coworker who once complained that he was spending more money every week on cigarettes for his wife than what he spends on rent.

LifeIsShortly , Irina Iriser Report

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#13

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Wearing a $900 Gucci belt with your McDonalds staff uniform

BojaktheDJ , Dawn Traylor Report

#15

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Ordering out for breakfast, lunch, and dinner every single day.

DevilsGrip , Antoni Shkraba Report

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Sue User
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Had a heck of a week at work. Project falling apart. Massive hours. Was hungry and to tired to cook. Went to a food cart near me. $10 burrito, $5 for a hotdog. I went back home and had cereal for dinner. I just couldnt justify the cost.

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#16

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Buying a timeshare.

Participating in a MLM scheme.

tripsz replied:
Don't you talk about my sister that way. She's a small business owner! She earned the privilege to get recognized at a company event this month and gets to purchase her own plane ticket! I'm sure her CPA husband is jealous of her success.

Actuaryba , Canva Studio Report

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Verena
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

They got a bad name in Europe some decennia ago, lots of shady things were going on with homes in mainly Spain. But what is CPA?

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#17

Smart fridge.

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#18

Bottled water.

It costs more per gallon than gasoline and most people have been told that city water is sucky even though a ton of bottled water companies get it from municipal sources anyways.

And if you care, filter it at home.

mainstreetmark Report

#19

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Driving a very expensive car with tons of body damage because all their money is going to their $800 a month car payment and they can’t afford to fix the damage they caused with their s****y driving.

Windir666 replied:
I had this exact conversation with my friend today. If you cant afford to fix your car, you probably shouldn't be owning a 2022 $60,000 Mercedes.

tristanjones replied:
The financially responsible decision is driving a beat-up reliable car because you own it outright and most people intend to drive it into the ground before buying another one.

Eyfordsucks , Oleksandr Canary Islands Report

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Ken Beattie
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Firstly, this is why you get insurance. Even if you're the best driver ever and will never have an accident it doesn't mean someone won't smash into you. Secondly, you should be factoring insurance and basic maintenance into the costs. And most fancy cars cost way more than people expect. Even things like tyres cost double, triple or more than a "regular" car. My first car was second hand when I got it, and I drove it for roughly 20 years. In the end it was so worn out I sold it to a wrecker (it as 25ish years old by that point). Unless something drastic happens my current car will be the same.

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#20

Big rims and tires that cost 4K on a car that's worth 2K.

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#21

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Using a check cashing store or payday advance type company.

Bizarre_Protuberance replied:
Payday loans are predatory loans and would be forbidden in almost every other country. It's basically a loan shark business. But sometimes low income people need money for emergency purposes like the car broke down and they need to get to work.

nemesismkiii replied:
Oh this 100%. As someone who has worked in financial services, I HATE these places. I will always advocate if you have lower income or cannot seem to work up savings for whatever reason, try switching from a bank to a credit union for your banking needs. They may not be as large as banks or be as good for if you need to travel, but they are local and try to help their local communities since they are owned by them.

SpiceLaw , Karolina Grabowska Report

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jdtimid123
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Agree with the commenters. It's not so much poor financial decisions as decisions made out of desperation (usually) and people don't think about what happens next when they are desperate to put food on the table today, or fix the truck they need to get to work.

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#22

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Expensive leased car, living in a sketch neighborhood.

BakeTime1089 , Garvin St. Villier Report

#23

Bragging about how much you spent on something as if it was a positive. "Uhh, congrats on giving a corporation extra money, I guess?" 

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#24

I had a friend nearly get evicted because he spent all his money on Funko Pops. Thought he'd get rich off them somehow.

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#25

Ordering DoorDash several times a week.

BigOleFerret Report

#26

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Buying a widescreen television on tax return day and bringing it home in a car held together by duct tape and prayers.

toxinogen , Lisa Fotios Report

#27

30 Behaviors That People Think Scream "I Make Poor Financial Choices" "Hey, can I borrow $15? I'll pay you back next week when I get paid."

With the above happening every other week.

StillAnIntrovert , Sasun Bughdaryan Report

#28

Frequents a Starbucks. Coffee is way to cheap and easy to make well to spend that much per cup. If you do need a specialty coffee that often you are doing yourself a massive disserve not learning to make it. Everytime I see a Dutch Bros or Starbucks cup, I instantly register "*Ah, more money than sense.*"

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Ken Beattie
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I don't immediately judge someone with a Starbucks cup. It might be a once every few months treat, or they were desperate for coffee and there were no other options handy. But yeah, if they were getting it frequently? I would.

Betsy Ray
Community Member
1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If it's their one vice, I can't criticize. For some it's the social interaction, like Cheers.

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StrangeOne
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

What's wrong with a treat now and then? These are starting to get nitpicky.

Verena
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This not about a treat now and then. It is about going there every day for overpriced coffee. I too had colleagues complaing about price and quality, but went there every day.

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jdtimid123
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Or go to local shops, in my experience they tend to have better coffee anyway.

Maria B
Community Member
1 year ago (edited) DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

A friend of mine bought her Starbucks everyday ( get out of the house, spend money on gas, get 5 dollar drink, go back home) but while at my house, she kept on saying how much more she likes my coffee. I finally convinced her to buy the same espresso machine that I use, showed her how I made that coffee she liked. She never looked back, the machine paid itself off in a month and instead of wasting half an hour driving back and forth it only takes a couple of minutes..

TJay
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Sometimes people are pressed for time and just want a quick coffee to go

Rostit .
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

then go to a real coffee shop. if you want burned cardboard swill with too much sugar go to starbucks.

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sturmwesen
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Meh... sometimes I just want a large white chocolate machiatto without buying a bottle of syrup or watching milk burn

Sue User
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Dutch bros is a west coast coffee place. I have only seen drivethrus, i dont think they have any stores with seating.

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Rob Williams
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Pre-COVID, I used to go to Starbucks every day. What it cost me in coffee was worth it for the chance to meet up with friends and family. When I was growing up the only place to socialise was the local pub and that, for the kids, meant sitting on the step outside with a packet of crisps and a bottle of pop!

Diolla
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I just googled Dutch Bros. I'm Dutch and had never heard of them. We don't have them over here LOL

Fenchurch
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You aren’t missing much. But you might feel at home when you see their coffee stands are sometimes little windmills

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Tuesday's child
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

It's not just coffee, I go with my friends and we normally get the refreshers

Silre
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Or maybe they just want some Starbucks. Can't we just let people like things?

Fennecfoxcat
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Sometimes a little treat is what you need to have the will to live. If you can afford it, it is absolutely not something you should be judged for.

Rostit .
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Any visiting starbucks. Their coffee is AWFUL. ITs literally the worsts chain coffee I have ever had in my life. If you have an Illy coffee shop nearby try them. Dunkin donuts, even sunoco gas stations have better coffee. Starbucks sells hot cream and sugar drinks and a brand. They are the last place on earth I would ever consider as good coffee. Burnt cardboard and salt water is the best description for their swill that I can come up with. Never ever go to starbucks. Youre better off with instant folgers.

Louise Stange-Wahl
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

You may not believe this, but I have only drank one cup of coffee and had so much sugar and milk in it that it looked like hot chocolate (which I love). Coffee smells wonderful, but tastes so bitter to me! A friend at work was telling me that I just HAD to have SB coffee and that I would love it. She brought me one of those "caramel mocha foo-foo blah-blah-whatevers" and I poured a little into my cup at work and literally gagged. I'll stick with my water, milk, and Coca-Cola all the time but not at the same time beverage!

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Ace
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

TBF the same is true of a lot of eating and drinking establishments.

Jodi Rinker
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

every few months I'll go grab a tea and a pastry. I almost always do it with gift card. Immediate judgement from a single cup is a bit much.

Asri X
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I get tired of everyone's response to financial costs saying "the extra money is no big deal, just skip Starbucks one a week." How about skip $8 coffees altogether?

Melody Wallace
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I have a career, no kids and I genuinely enjoy Starbucks americanos. I think a lot of people have literally been trained to judge people who like Starbucks via pop culture, but they all convince themselves it’s their original thoughts.

Jerusalem Cat Syndrome
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Never? I can never, ever frequent a Starbucks? Or do you mean doing it frequently? I think it depends on the consumer--maybe that person can afford it. That's what money is supposed to be for, to buy the things that you like. And really, what's the difference between that and fast food? Now, if you mean someone who spends money there instead of on rent, that's something else.

Isabel Care
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Had a Starbucks "coffee" once, never again, it was revolting and burnt

Duck
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Lol my dad only drinks coffee from Dutch Bros and Starbucks. He just likes the taste though I don't think it's a money thing. I prefer coffee from the little local coffee shop. Starbucks but make it better and cheaper

Tyranamar Seuss
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Oh Lord, having someone else make me a slightly addictive drink brings me joy. What are you going to do with all of this money after you die? At least you can fondly look back and think of all those times you deprived yourself of Starbucks.

Gustav Gallifrey
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

It's not the spending of money in Starbucks that's a concern, it's the admission that they'll drink shite coffee.

Rachel Smith
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I only get Starbucks twice a month on payday, a little treat for myself for working hard.

Kim Lorton
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I just go there and get beans for a little above the price of Publix. Then my 20.00 fir the bag of beans last me through 2 months worth of coffee! Way good deal!

Jessica SpeLangm
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I don't mind going to a coffee shop regularly, but I will ALWAYS choose a local small coffee shop instead of a national chain. It was so long since I went to Starbucks (at least a few years) that my gold card is no longer valid. LMAO. But at my local coffee shop, I have gotten a free drink about once a month.

zena bena
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

This drives me nuts,hubby goes for a normal coffee every day to Tims,he has a big thermos at home,can make coffee and save 70.00 a month.That could be used for a tank of gas or pay a bill.

Ray Carrillo
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Only judging the coffee quality, not spending money on coffee. Coffee is important, a Frappuccino is not (to me).

T'Mar of Vulcan
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

I like Starbucks' strawberry and cream frappuccino. I can't make that at home.

Corrine M
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

May I suggest another cup of regular coffee, then? Too*, not to.

Verena
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Or capsules. Capsule or pad coffee is not tasting anything remotely like coffee. Coffee is easy, cheap and quick to make. Hot water, filter, holder, thermos. Beans to ground yourself or ready grounded in vacuum.

Petra Schaap
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

news flash: you can get filter coffee at Starbucks too. I'll usually bring my own coffee but get a very simple 2,50 euro coffee at Starbucks or whatever when i need to :-D

Raphapablap
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

If I ever went that would be my choice. I don't want a flavoured coffee with lots of bells and whistles. In my opinion it ruins the point of coffee.

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#29

30 Behaviors That People Think Scream "I Make Poor Financial Choices" Lottery tickets

lecoqmako , Waldemar Report

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jdtimid123
Community Member
1 year ago DotsCreated by potrace 1.15, written by Peter Selinger 2001-2017

Depends. If you're only spending a few dollars here and there then it's as harmless as buying that coffee at Starbucks everyone likes to talk about. It still going to be gone by the end of the day. If your spending hundreds every month, then it's a problem.

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#30

I spent over 80$ tryna win a giant pikachu and failed

Could have bought that thing for 34$ but it was well worth it

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