People Break Down The Most Expensive Wastes Of Money

Money can be hard to come by these days. There’s often no room for error or waste.

A global study from 2014 showed that only 33% of adults were financially literate. The study measured the individuals understanding of basic numeracy, interest compounding,
inflation, and risk diversification.

With only a small percentage of the population able to understand 3 out of 4 of these concepts, there are a lot of ways people can waste money.

So we went to AskReddit to learn about the biggest wastes of money so we don’t make the same mistakes.

Redditor Animeking1108 asked:

“What is the most expensive waste of money?”

Get your note pads ready!

Scams around water.

“Designer water.” – invalidpassword

“Voss, Fiji etc.” – SnooPoems5454

“Voss has a good quality bottle. Buy it once then refill it from the tap for 6 months.” – Dr_D-R-E

“Smart water bottles are popular with backpackers for a similar reason. Thin, durable and lightweight.” – sctbct

“Or structured water.” – VattghernCZ

Phone psychics.

“My ex-girlfriend had an obsession with phone psychics. Not all at once, but over the course of a single year she spent over $15k getting ‘life advice’ from multiple psychic lines.”

“No one in her circle of family or friends could convince her to stop. I haven’t spoken with her in a few years but I wouldn’t be surprised if she’s still wasting her money on them.” – Hollywood899

“Haha my friend used to be a phone psychic and she got paiiiiid. She said the people who typically called would obviously want to hear her say certain things so she would say them and they’d just keep calling.” – wasabitamale

“She spent at least 41 dollars per day in psychics. Wow. Why not just learn magic herself at thst point?” – Yokhen

Forgotten on the train.

“Well, I bought some Christmas presents and then immediately forgot them on the train so I would say that lol. I went back the next day and literally bought the same stuff. I just hope whoever found it either needed it or uses it for their own gifts.” – FluffDuckling

“I bought Chanel glasses once and left them in a taxi before ever putting them on my stupid face.” – northshorebunny

“I forgot sh*t I purchased once in the cart when I got to my car. I didn’t take anything out.” – IronyIntended2

A mobile app.

“The I’m Rich app. When launched, the screen only contains a glowing red gem and an icon.”

“It cost $999.99. You can’t buy it anymore but it was an expensive waste of money.” – GonnaGoFat

“The guy did it as a joke too and people bought it thinking that no one would actually dump thousands on an app.”

“This message brought to you by [mobile app]. Use my code and save 5% on the $999.99 Christmas beginner package.” – PM-Me-Your-TitsPlz

“I feel like he could probably sell the NFT for that app.” – runawaycity2000

Shopping while hungry.

“Shopping when I’m hungry.” – thatluckyfox

“Lol oh yeah, go shopping for sponges and come out with $50 worth of junk food. Stopping at McDonald’s for fries beforehand has saved me so much money.” – Slight-Ad-1744

Cable is dying.

“Cable service, especially since half the channels are f* cking ads.” – Firebolt164

I was paying for YouTube TV for a while and then realized sh*t, I’m paying $65 a month for this and have a sh*t load of commercials. I could take that $65 a month and subscribe to the ad free versions of Paramount +, Disney +, Peacock, HBO Max, and Discovery + get all the same channels and have no ads.”

“TV service is f*cking insane.” – CrowGrandFather

“It’s even worse for us. We live out in the country 15 miles from the nearest town. Other only tv or internet service available is Satellite. We have Hughes net and Direct TV as the players. We have satellite internet and we had their TV service. It was atrocious. First, the 5 second lag between changing channels made channel surfing impossible. Second, they advertised a 200 channel package and we had 35 actual channels with content. The rest were all infomercials or music channels. We need to f*cking sue them for that ad practice.” – Firebolt164

Gender reveal party.

“A gender reveal party that burns down half of the state?” – wickedblight

“It really sucks that half of California is on fire but hey it’s a boy!” – DogsAreCool69420

“Too many people have tried to go all out for their gender reveal parties, and end up burning their house down, at the very least. Don’t understand it myself really. They already have baby showers. Just reveal the gender there. Why withhold what parts your child will be born with from friends and family to make a party out of something everyone is going to find out eventually anyway?” – Unabashable

“It’s very self indulgent. People act like they’re withholding information that you’d just die to hear when they make you wait for a gender reveal party. I’m happy for them but I couldn’t care less about the sex . My aunt asked me if I ever had kids what would I do for a gender reveal party. I did not mince my words: ‘I will take out my phone, find the family group chat and be like ‘what’s up fam! By the way it’s a boy. Now who’s up for painting the nursery?’” – blonderazor

What is it good for?

“War. Having a sworn enemy is expensive.” – theProfileGuy

“Did you know the war in Afghanistan cost the USA $300 million per day for two decades?

“Insanity.” – PM_ME_AYY_LMAOS

“Only expensive to the taxpayer and the ones fighting it. Profitable for everyone else involved.” – roundbrain5

“But free healthcare would be a waste of money?” – New_Needleworker6506

Payday loans.

“Payday loans. Is that still a thing?” – kincage

“Oh man I know this one. My dad lost his cushy a** job and had to take a massive pay cut so with all his expenses he’s on payday loan from A to pay back B to get more cash to pay off C and it goes on and on. My grandma always said my dad borrows from Peter to pay Paul. I’m not quite sure who those people are but it sounds right to me. Poor guy is still on that track almost 20 years later.” – PretendThisIsMyName

“I let them ruin my life. You think by the looks of things I must have had a serious drug problem to skid into the curb like I did, but no, it was predatory/payday loans. I got caught in cycle of bad credit and low liquidity. And worst of all, I believed it was ok. I’m nearing retirement age and it’s sad to think that if I hadn’t gotten on that treadmill, I could have done twice as much with my life than I did.” – NoPensForSheila

Being poor.

“Being poor is expensive as f@#k!” – Sterling_Thunder

“Yup, in many ways. One that I forgot about until recently was how much food budget is saved when one has a good fridge. I am currently in a temporary living space that has bottom of the line appliances. The fridge, while it keeps things cold, nothing lasts! I bought a weeks worth of veggies and by day two, the carrots in the crisper were no longer crisp. The second day! Poor people have challenges getting good fresh food but then it can go bad quickly even with working appliances.” – GorginaSpica

“Aka ‘the boots theory of socio-economic unfairness.’” – 84147

There are so many ways to make financial errors that lead down a rabbit hole.

Whether it’s the small moments like forgetfulness, or the big moments, like taking out loans that you can’t pay back, those mistakes can add up.

The cycle of poverty is incredibly difficult to break.

It’s not just about finding ways to reduce money waste for the individual, but the systemic and community based solutions that break generational poverty.

Though, this list is a start.

A Grocery Store Gives Customers Embarrassing Plastic Bags to Encourage Them to Bring Their Own

A trend has developed in recent years where we’re seeing cities, counties, and grocery stores completely banning the use of single-use plastic bags altogether. So while there is some progress, we still have a long way to go.

One grocery store in Vancouver, British Columbia, decided to try to convince their customers NOT to use plastic bags in a very unique, and hilarious, way.

East West Market is offering customers plastic bags with fake slogans and fake businesses that no one, and I mean no one, would want to be seen with. How’s that for a deterrent? Embarrassment always works, people.

How would you like to carry a bag around town that said, “Into the Weird Adult Video Emporium,” “Dr. Toews’ Wart Ointment Wholesale,” or “The Colon Care Co-op”? You’d probably never be able to look your neighbors in the eye again.

The bags have the tag line “Avoid the shame. Bring a reusable bag” printed on them as well. Customers also have to pay five cents per plastic bag at East West Market if they don’t bring their own bags.

The owner of East West Market, David Lee Kwen, said about the project, “We wanted to give them something humorous, but also something that made them think at the same time. It’s human nature not to want to be told what to do.”

One downside has been that because the bags went viral online, people are paying the five cents to collect them. Kwen said, “Some of the customers want to collect them because they love the idea of it. It’s a double-edged sword. We wanted to address an issue, but we’ve also made something popular. Our aim was to start a conversation that could go beyond people just remembering their reusable bags when they come to our market—and we’re glad that the conversation has kept growing, with anyone who’s seen or interacted with the bags.”

Hey, at least people are taking notice, right?

Just do us a favor and bring a reusable bag next time you go grocery shopping, okay?

We’ll all be better off.

The post A Grocery Store Gives Customers Embarrassing Plastic Bags to Encourage Them to Bring Their Own appeared first on UberFacts.

A Grocery Store Gives Customers Embarrassing Plastic Bags to Encourage Them to Bring Their Own

A trend has developed in recent years where we’re seeing cities, counties, and grocery stores completely banning the use of single-use plastic bags altogether. So while there is some progress, we still have a long way to go.

One grocery store in Vancouver, British Columbia, decided to try to convince their customers NOT to use plastic bags in a very unique, and hilarious, way.

East West Market is offering customers plastic bags with fake slogans and fake businesses that no one, and I mean no one, would want to be seen with. How’s that for a deterrent? Embarrassment always works, people.

How would you like to carry a bag around town that said, “Into the Weird Adult Video Emporium,” “Dr. Toews’ Wart Ointment Wholesale,” or “The Colon Care Co-op”? You’d probably never be able to look your neighbors in the eye again.

The bags have the tag line “Avoid the shame. Bring a reusable bag” printed on them as well. Customers also have to pay five cents per plastic bag at East West Market if they don’t bring their own bags.

The owner of East West Market, David Lee Kwen, said about the project, “We wanted to give them something humorous, but also something that made them think at the same time. It’s human nature not to want to be told what to do.”

One downside has been that because the bags went viral online, people are paying the five cents to collect them. Kwen said, “Some of the customers want to collect them because they love the idea of it. It’s a double-edged sword. We wanted to address an issue, but we’ve also made something popular. Our aim was to start a conversation that could go beyond people just remembering their reusable bags when they come to our market—and we’re glad that the conversation has kept growing, with anyone who’s seen or interacted with the bags.”

Hey, at least people are taking notice, right?

Just do us a favor and bring a reusable bag next time you go grocery shopping, okay?

We’ll all be better off.

The post A Grocery Store Gives Customers Embarrassing Plastic Bags to Encourage Them to Bring Their Own appeared first on UberFacts.

Guinness Goes Green: Beer Giant to Stop Using Plastic Packaging

Plastic waste is one of the biggest environmental issues of our time, and one of the most famous beer brands in the entire world is taking a huge step towards being part of the solution: they’re going to stop using plastic packaging materials altogether!

The manufacturer of Guinness, Diageo, announced that they’re getting rid of their plastic beer packaging and will replace it with cardboard that is 100% recyclable or biodegradable. That’s great news!

Guinness maker Diageo removes plastic from multipacks: http://ow.ly/Ytv430or4iN#NoPlastic #NoWaste

Posted by Love Clean Streets on Monday, April 15, 2019

The company also announced it is investing $21 million (U.S.) into the new project, and that getting rid of plastic rings and shrink wrap will remove the equivalent of 40 million plastic bottles from its operations.

Diageo owns Harp and Smithwick’s as well and plans to move away from plastic on those brands, too. The sustainable beer packs are supposed to debut in Ireland in August 2019 and expand to the rest of the world in 2020.

Guinness is good for you ? The maker of Guinness is eliminating all plastic packaging for its products. ? https://www.independent.co.uk/news/business/guinness-diageo-beer-plastic-free-packaging-a8869941.html

Posted by Marm O'Melia on Thursday, April 18, 2019

Oliver Loomes, the director of Diageo in Ireland, said, “Managing our environmental impact is important for the planet and the financial sustainability of our business. We already have one of the most sustainable breweries in the world at St. James’s Gate and we are now leading the way in sustainable packaging. This is good news for the environment and for our brand.”

Good work Guinness! Now head to the pub and order a couple to celebrate!

The post Guinness Goes Green: Beer Giant to Stop Using Plastic Packaging appeared first on UberFacts.

10+ People Talk About the Most Wasteful Purchases You Could Make

Our society can be pretty wasteful. Half (or more) of the things we use every day are designed to be disposable, and even when they’re not, people are still tossing them out. There are so many things to waste money on, what would you say is the most unnecessary expense?

Check out these responses for some inspiration (they also might make you feel a bit ashamed, but no worries – you’re not alone!).

#1. Televangelists.

“My favorite televangelist story is Jan and Paul Crouch’s. Their granddaughter (who worked as an accountant for their Christian TV channel) discovered illegal accounting practices, the family fired her, and she reported them. Highlights of their nonprofits’ spending:

$50 million jet
13 mansions
$100k rv FOR THEIR DOGS!”

#2. Diamonds.

“Diamond ring. When I proposed, I knew that my wife would prefer a pretty $60 ring and a romantic vacation in Greece.”

#3. The science of car buying.

“Buying a brand new car every couple of years.

You buy a $50,000 car you’re shaving off 10% of the total value off by driving it one inch off the lot. 2-3 years later because you need to keep up with the Joneses, you buy another car with the $28 grand you sold your previous car for.

You also wonder why you’re in debt and your friends are living in nice houses and funding their continuing education.”

#4. Since 2012.

“My coworker has had a gym membership since 2012. She has been there 3 times since. Her husband is thrilled.”

#5. Kids grow like weeds.

“Designer clothes for kids/babies when they will grow out of them within a few months. My wife works at a nursery she has parents who do this and tell the nursery staff to not let the child ruin their clothes!”

#6. Impulse purchases.

“Impulse purchases at the grocery stores, specifically at Trader Joe’s! I don’t need that coffee chocolate or ginger cookies or dunkers, Trader Joe’s. But when you’re near the cash counter and they take one look at me, I go weak in the knees.”

#7. One day affairs.

“Expensive weddings when they CAN’T afford it.”

#8. Hands down.

“Cigarettes.”

#9. The list goes on…

“My old roommate let one of his buddys stay with us one time. This guy had just lost his job, apartment and girlfriend in a week so we felt kinda bad for him. We agreed to let him stay to get back on his feet. He gets a job and immediately takes his first paycheck and buys a guitar. The whole paycheck. $450 or so. Next paycheck? $300 bong and some other stupid shit. This guy didn’t even have a cell phone or a car. So he “solved” that problem a month or so later by buying a $400 car that didnt run and a $20 burner phone. Never got the car fixed and just had it scrapped. Guy drove me crazy.

Edit: shameful dollar sign edit…”

#10. Very cheap!

“My new iPhone 12 was included for free with my plan! And so was iPhone 11 last year! I get a free telephone every year :D”

“And how much is your monthly plan?”

“Very cheap! $149 a month.”

#11. More interest.

“Maxing out their credit cards and always having to pay the interest.”

#12. You won’t know.

“Alllll the new baby things you never use. But you won’t know until you don’t use them.”

#13. It fades.

“Tanning. Not only does it damage your body, it fades in a week or two.”

#14. Just extra packaging.

“100 calorie packs of stuff.. it’s just a bunch of extra packaging, just get a kitchen scale and do your own 100 cal portions of whatever food you want and put them in a reusable container.”

#15. Daily optimism.

“Lottery tickets / gambling – in moderation, it’s daily optimism, and I get that. But a lot of people take it too far and sink way too much $, and hope, into it.”

The post 10+ People Talk About the Most Wasteful Purchases You Could Make appeared first on UberFacts.