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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.

rowenaravenclaw0 Report

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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.

disjointed_chameleon Report

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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.' 

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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.

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

People keep asking me when I'm going to replace my car, a 2012 Hyundai with 397,000 miles. It's paid for and runs well and I keep current on maintenance. So what if it has a couple of dings. It's not worth taking on a car payment of several hundred dollars a month just because of that.

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

I've always bought second hand I paid £500 for my first car. When it was totaled 10 years later. Not my fault stopped at a red light and a lorry with a bull dozer on the back drove into me. I got £750 from insurance just for the car.... I still miss it.

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

I have a 2008 Volvo Station car, XC70, old type with actual independent 4x4. It gets the normal TLC and a yearly check at the dealer's garage. It was back then a decision for the future, to last at least 25 years. Technically it was way ahead of other cars, now it matches the features almost all cars come with. However, it looks old fashioned with all the buttons and knobs and no huge screen. But it does have this James Bond sunken display, which pops up out of the dashboard. In the meantime paid off, slightly dented and scratched from all the holiday adventures in rough areas and daily business for the stables. Did you know that 5 bales of hay/straw fit exactly in the back?

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

I have an '06 Scion xA. Only car I ever bought new and I'm still driving it. Runs amazing and the only maintenance I've ever had to do are brakes, muffler and oil changes, just standard stuff.

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

I have a 2005 Citroen. It's done over 140,000 miles, 90,000 of them with me. Sure, it needs the occasional repair but it's got to be the most robust car I've ever owned, and I only paid £1500 for it in 2017. I've had six years out of that car.

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

There is a Hungarian saying: If you want to keep horses, you should have money for hay. Some people like to buy used luxury cars eg. a 15 yo. Merc S Class for $20k, they the go bankrupted when a transmission replacement costs $10k.

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

Remember that woman who bought her dream car (a Ferrari) but could not afford insurance? She had an accident on her very first drive. Not sure if this was real or only show, but it fits here I think.

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

Never had a car I could trade in. Always then to the ground. My car has just clocked 400,000Km and I hoping to get an extra 50~ 80 thousands out if her.

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

I have a neighbor with a 20 something daughter that got a brand new Honda Accord a few years ago and it has SO many dents and dings and damage, I'm surprised it's drivable. I realize all those many not be her fault, but if I was her parent, I would have bought her a used car so that the insurance wouldn't be sky high due to all the fender benders and all the dents and dings wouldn't look AS bad.

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

My 2007 Honda Element runs great, has another 100K miles in it, plan on having it until one of us dies.

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

In France : driving a 300000 km fancy car, buying rims but cannot afford technical control and papers to make it road legal

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

We have a pretty new mustang in the neighbourhood with messed up fenders... they have not fixed it for a year

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

1983 red Volvo wagon (Sweden) new condition inside out. The red is fading. Completely paid for, considered a classic, but old enough for insurance and registration to minimal. Best part, does not need a mechanic for repairs.

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

Might just be that they are so s****y of a driver it’s not worth fixing bc they’ll just hit something again. And they still want to drive a nice car for the driving experience.

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

I'm 56 I have had 2 cars only, always driving. Drove the first till it took its last gasp and doing the same with the current one. I get from a to b just fine with my Toyota Corolla, can't see an expensive car doing much different, except for the deep abyss of costs that would come with it.

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

my 2004 Pontiac Grand Prix is on its last legs, but I've gotten 307,000+ miles out of it.

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

I have a rusting 2009 Equinox. It gets me from A to B. It's paid for but is at the point its going to start needing some repairs. I've been glancing at replacements, used only, and just can't justify the cost for a vehicle with tons of mileage, only a couple of years newer. I'm accepting that I'll be driving my rust bucket for a while longer. Repairs n all.

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

LOL I drive a '97 F250 diesel. Almost 400,000 miles on it but, she is unstoppable. My daughters named her "Molly". 😀

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

Best car I ever had was one I got for $50 dollars. Fifty. It was back around 1998. Had to start it with a screwdriver. Drivers side door had forklift holes in it cuz last owner decided it'd be funny to raise it into the air. Could only get into the car from the passenger side. Thing ran like a charm and lasted me 3 years. Everything under the hood was in perfect running order which was shocking. Before that car, I got one from my parents as a late graduation gift.in '92 It was a volkswagon rabbit that my aunt/uncle owned. No power steering or power breaks. Bright a*s yellow. I named it Blake and I loved it. Someone ran a red light and hit the front side of the car. i was lucky to survive but Blake was totaled. Parents paid $250 for it. $5.00 filled the tank from empty (gas was like $0.95 a gallon. Oh the good old days.

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

I have a 2008 Vauxhall, cost £1,000 in 2019 and about the same to keep it on the road. If it gets through the MOT in a couple of months happy days, if not I have saved enough to replace it.

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

I jad my 2001 Toyota rav 4, for 20 years. My husband drove it for 2 of those years. It had 117,000 miles on it and when I was given an inheritance from my parents after they had passed, i bout a used suv and it be the last car I own. Paid for it outright and got a insurance repair package for it for 100, 000 miles. Not that bad i der 1500 for 20 years

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

I drive a 96 caprice classic i inherited from my great grandparents back in 2010 (great grandfather died, great grandmother gave it to me cuz she stopped driving). I am the 3rd owner. I have driven it halfway across the US and back (central ca to new orleans and back). Still runs perfectly. Eta: when i got it it inly had 86k miles on it. It now has 120k

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

I got a 2006 mustang for 13k, cash. I treat it like my baby, since I love it so much it makes me an even safer driver cuz I don't want to bang it up

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

My car was 7k, because of our terrible credit even with a 2k down payment it will be over 15k paid for it by the time we're done. We pay over 350 a month. Even a cheap car can be expensive monthly when you're already poor.

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

1998 Saturn, leased new for $99, 246,000 miles, gets 32 mpg.

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

I have 99 Mercury Grand Marquis, bought it with 42000 original miles, it has 74k now. It has a little damage but it runs great and I bought it soley on the low miles and will drive it into the ground which will be around 200k miles

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

Same platform as a Lincoln. I had one with the 32 valve 4.6L engine. I drove it for 280K miles before the torque converter locked up. Gave it to a Ford transmission engineer and last I heard it was at 350K. Oil changes and really good oil seem to work for longevity.

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

Growing up we had a family friend that had the nicest trans am( hooked up real nice) but his kids were always raggedy

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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.

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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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