The 10 Best Ways to Blow Your Money

Money. Just about everybody has an opinion on it, and most of us wish we had more of it.

Look around you, though. Doesn’t it seem like a lot of us can’t spend our funds fast enough? From cash advances to time shares and constant tech upgrades, we fall for that old rationalization: “It’s only money — I can always make more of it.”

What is money for, anyway, except to enjoy? You work hard for a living and deserve all the perks that salary will buy. Be daring, not dull.

Thinking like that is a great way to put yourself perpetually into debt, or at least living paycheck to paycheck. Here are 10 surefire ways to blow your money.

1. Drive a super-hot car

Rasstock / Shutterstock.com
Rasstock / Shutterstock.com

It goes without saying that your wheels will be expensive. The best always costs more, right?

So what if a high-octane sports car or top-of-the-line luxury vehicle is a bit beyond your price range? Drive on!

2. Buy a huge home in a posh neighborhood

Perfect Art Productions / Shutterstock.com
Perfect Art Productions / Shutterstock.com

Many of us believe that where we live should make a statement: “I’m successful! Look at my house!”

With this mentality, bigger will always be better. After all, you might decide to have kids someday. Each child will need his or her own room. You’ll also want a hobby room, a man cave, a family room …

Don’t worry about saving up a large down payment, or having to swing a monthly payment that leaves you at the edge of your budget. Remember, you’ve got the rest of your life to work and pay it off!

3. Decorate on a grand scale

Monkey Business Images / Shutterstock.com
Monkey Business Images / Shutterstock.com

Think how much fun you and your significant other will have making that house your own. Start by buying a bunch of home decor magazine and books. Then, watch as much HGTV programming as one human possibly can stand.

Maybe you can hire an interior decorator to come up with grand designs that will make family and friends ooh and ah. No money? No problem! Just sign up for zero percent financing for three years and get all the furnishings you want.

Yes, the bill will come due someday. But that is just some other time, right?

4. Eat out often

Monkey Business Images / Shutterstock.com
Monkey Business Images / Shutterstock.com

Why spend your valuable free time slaving over a hot stove? Sure, it’s less costly than eating out. But by spending at every dining option in your area, you are doing your part to help the local economy.

Your kids will benefit by having tried varied cuisines, even if they refuse to eat a lot of it. Making cooking more of a hobby than a habit is a time-honored way to blow money.

5. Try new stuff, constantly

StockLite / Shutterstock.com
StockLite / Shutterstock.com

Hobbies are good for you! Whether it’s taking up a new sport, art or craft, learning new things keeps life interesting.

Sure, it can be expensive, especially if you splurge for top-of-the-line supplies. But that’s the price you pay — you can’t impress everyone on the golf course by pulling around a bag of bargain clubs, can you?

And what if most of these new hobbies come to nothing, and those expensive golf clubs or quilting fabrics end up collecting dust? Oh, well — you only live once.

6. Dress to impress

Ariwasabi / Shutterstock.com
Ariwasabi / Shutterstock.com

Stay out of discount stores. Instead, wear designer fashions that you get from specialty shops. At a more exclusive boutique, you get one-on-one attention from a sales associate who takes time to get to know you. You might hire a personal shopper to make sure you look your best.

Put the new duds on a credit card. Wear now, pay eventually.

7. Obsess over perfecting your body

Wallenrock / Shutterstock.com
Wallenrock / Shutterstock.com

Great-looking clothes on a so-so body would be jarring. Sign up for a personal trainer at the best gym in town.

If the gym seems like too much of a hassle, consider plastic surgery and Botox injections. Get your hair cut and styled frequently so that you always look freshly coiffed. Change the color now and then because … well, why not?

Isn’t it fun to waste all this money?

8. Be an early adopter

nazarovsergey / Shutterstock.com
nazarovsergey / Shutterstock.com

Stay on top of the latest technology and purchase each iteration for every member of the family. You don’t want your children’s classmates looking down on them.

Keep your own iPhone or e-Whatever fresh, too. Suppose your boss saw you using an 18-month-old smartphone: The horror!

9. Indulge your children

Iakov Filimonov / Shutterstock.com
Iakov Filimonov / Shutterstock.com

In addition to those gadgets, make sure your kids have lots of expensive clothing and toys.

That goes for college, too. Make sure they go to their dream schools. If a bank is willing to finance their educations, so much the better!

10. Get away from it all

baranq / Shutterstock.com
baranq / Shutterstock.com

Take plenty of vacations. You deserve them! Stay in the nicest places you can find. Better yet, buy a time share in a luxury resort because — again — you only live once.

It doesn’t matter if you don’t have the ready cash for any of this. Let someone else — a credit card company, bank or credit union — finance your good times.

Following these 10 spending patterns is a guaranteed way to impoverish your future. But look on the bright side — the fond memories of all those good times and fancy toys will comfort you during retirement, when you are eating ramen noodles in your dorm-sized apartment.

What are some of the ways you’ve seen friends and family blowing cash? Sound off by commenting below or on our Facebook page.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
10 Common Ways Seniors Get Scammed
10 Common Ways Seniors Get Scammed

Here’s what to watch for to make sure you don’t fall prey to some of the biggest rip-offs targeting seniors.

14 Things We Buy and Then Almost Never Use
14 Things We Buy and Then Almost Never Use

Save your money. These items seem alluring but they often end up as coat racks and dust magnets.

How to Buy a Refrigerator, Step by Step
How to Buy a Refrigerator, Step by Step

Here’s how I got the perfect appliance at the perfect price.

5 States Where Drivers Pay the Most for Car Insurance
5 States Where Drivers Pay the Most for Car Insurance

Auto insurance will cost you more than three times as much in one state compared with another. Here’s how to lower your rates no matter where you live.

Retiree Households Lose $111,000 to This Social Security Misstep
Retiree Households Lose $111,000 to This Social Security Misstep

A study finds 96% of retirees make this mistake when claiming Social Security benefits.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
Will I Get My Ex-Husband’s Social Security When He Dies?
Will I Get My Ex-Husband’s Social Security When He Dies?

Two factors determine how much money is coming to you.

10 States Where COVID-19 Threatens Seniors the Most
10 States Where COVID-19 Threatens Seniors the Most

No state is immune from the coronavirus. But statistics show that some places are especially dangerous for older residents.

7 Ways to Boost Your Credit Score Fast
7 Ways to Boost Your Credit Score Fast

Your financial security might soon depend upon the strength of your credit score.

20 Things That Are Actually Worth Stockpiling
20 Things That Are Actually Worth Stockpiling

You probably don’t need a year’s supply of toilet paper to survive an outbreak, but consider stocking up on these items.

5 Household Disinfectants That Can Destroy the Coronavirus
5 Household Disinfectants That Can Destroy the Coronavirus

You likely already have some of these products at home.

6 Reasons I Will Never Trust Suze Orman
6 Reasons I Will Never Trust Suze Orman

Beware: The self-proclaimed personal finance expert has a track record that suggests more sizzle than steak.

22 Things You Should Always Buy at a Dollar Store
22 Things You Should Always Buy at a Dollar Store

The dollar store has great bargains on these purchases.

America’s Most Reliable Appliance Brand Is a Surprise
America’s Most Reliable Appliance Brand Is a Surprise

Have you heard of this appliance manufacturer?

12 Amazon Purchases That We Are Loving Right Now
12 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

The Top 11 Jobs That Employers Want Retirees to Do
The Top 11 Jobs That Employers Want Retirees to Do

Tired of age discrimination? Businesses are clamoring for older workers to fill certain roles.

This Type of Social Security Benefit Is Often Overlooked
This Type of Social Security Benefit Is Often Overlooked

The Social Security Administration is not helping certain people get money to which they are entitled, a report says.

9 Things That Are Cheaper Due to the Coronavirus
9 Things That Are Cheaper Due to the Coronavirus

The pandemic has a silver lining.

9 Everyday Problems You Can Solve With Vaseline
9 Everyday Problems You Can Solve With Vaseline

Forget expensive specialty products. Good ol’ petroleum jelly can address many common annoyances.

19 Purchases That Buyers Almost Always Regret
19 Purchases That Buyers Almost Always Regret

Think twice before buying these things.

7 Tips for Building an Emergency Stockpile
7 Tips for Building an Emergency Stockpile

A pandemic or natural disaster could leave you reliant on your existing food supply. Is your pantry prepared?

19 High-Paying Jobs You Can Get With a 2-Year Degree
19 High-Paying Jobs You Can Get With a 2-Year Degree

These jobs pay more than the typical job in the U.S. — and no bachelor’s degree is required.

8 of the Worst Things to Buy at a Dollar Store
8 of the Worst Things to Buy at a Dollar Store

Not everything sold at dollar stores is a great bargain or a safe purchase. Here’s our list of products to avoid.

41 Things You Should Never Buy
41 Things You Should Never Buy

Some purchases are just plain dumb. Give yourself — and your budget — a break. Don’t spend money on this stuff.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.