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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Poundwise on January 12, 2017, 02:27:00 PM

Title: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on January 12, 2017, 02:27:00 PM
It might be a little scary for newbies (like the now-famous Mr. Beatles) to post their mistakes because of the upcoming facepunches.

I thought I'd start a thread to normalize making mistakes a little.  The topic is:
- Made any mistakes lately?
- Why did it happen?
- What did you do to fix it/what did you learn?

 Apologies if there's another thread like this, haven't seen it!

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: ZiziPB on January 12, 2017, 02:34:16 PM
My townhouse!
Bought in 2013 and will need to sell next year (moving for FIRE).  Will probably lose at least $40K.  Should have bought one in a different town with a much better school system and reputation.

ETA: The lesson?  In real estate, it's location, location, location.  And don't let anyone tell you otherwise.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on January 12, 2017, 02:37:22 PM
I'll start (oops, ZiziPB, you slipped in before me!)
It was kind of a rough weekend in the Poundwise household. To make a long story short, it began with an overflowing toilet, the fridge/freezer stopped cooling, and the dishwasher wouldn't drain. But to our satisfaction, everything was working on Sunday night, $0 spent. 

Unfortunately, on Monday morning Mr. Poundwise was majorly bummed to find there was no water: we were so tired from a weekend of running back and forth to the garage for tools, that someone left the door open and our pipes froze. He had to leave to catch his train, so I was left to thaw the pipes with a hairdryer and get the kids off to school. The water was running again by the time we left, but when I got back from dropoff, I heard the roar of water in the garage and realized the pipes had split at the main!  Misery. I spent the morning googling, and afterward ran out to Home Depot to buy a Sharkbite (~$11).  Cut the pipe and installed the Sharkbite as best I could, and was pleased to see that the water had stopped shooting out, though the meter was still leaking a bit on the bottom. 

So what was my mistake?  Well, apart from leaving the garage door open, I wasn't strong enough to snap the Sharkbite on one end of the pipe, so I was anxious that it would fly off and cause another garage fountain. Also, I couldn't figure out the issue with the dripping meter.  However, it wasn't an emergency any more since I could turn the water on at the main when we needed to replenish the toilets, cook, etc.  I did more googling and saw a comment that we should call the water company about the meter. Anyway, around 5pm,  I called the plumber, who snapped the Sharkbite on for me, told me that I should call the water company about the meter, and left me with a bill for $150 (his after hours rate).

I made this mistake because I was tired and impatient.  I knew all I had to do is wait two hours for Mr. Poundwise to come home, and then he could have snapped the Sharkbite on, and persuaded me to wait till morning to call the water company. 

The lesson?  If it's not an emergency, wait a bit until I am rested and clearheaded to make the decision to call in hired labor.


Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on January 12, 2017, 02:44:11 PM
My townhouse!
Bought in 2013 and will need to sell next year (moving for FIRE).  Will probably lose at least $40K.  Should have bought one in a different town with a much better school system and reputation.

That is terrible, but congratulations on being able to FIRE even if expecting a loss of that size!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on January 12, 2017, 02:49:00 PM
Most of my 20's were a big money mistake. I didn't contribute to 401(k)'s my previous employers offered so I paid more in taxes than I should and left any employer contributions on the table.  I missed the best part of the big bull market from 2009-present. I didn't take advantage of rewards credit cards. I've never missed a credit card payment, so I left a lot of cashback rewards on the table over the years. I took out a 30 year mortgage instead of saving up more, doing a larger down payment, and getting a 15 or 10 year mortgage.

Lessons learned:
Always contribute to your 401(k) plan at least up to the the max employer will match.
If you are good with credit, get a rewards card that makes sense for your spending and goals
If you are going to do a mortgage and plan to stay where you are, do a bigger down payment and take out a shorter mortgage.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dr. Hasslein on January 12, 2017, 02:54:29 PM
I could make a lot of confessions but thankfully they're at least 2 years behind me now.

My most recent mistake was replacing an expensive truck that I wrecked with another expensive leased truck. Just finishing up the hangover from that money drain!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MsPeacock on January 12, 2017, 08:08:46 PM
I absolutely couldn't handle arguing with Verizon any more. They sent my account to collections for a router that they told me was free and a service that they never got working. I got the cancellation fee (165) waived by filling a BBB complaint (which never got a response) and FTC complaint, but couldn't deal with yet another phone call with their passive aggressive customer service. I just paid the collections bill ($135) and figured that at least Verizon is probably getting f*ucked out of at least half the money. I have the router. It  Was supposed to be $180 or some bullshit so  I don't even know where that total came from.

I remain bitter.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Laura33 on January 12, 2017, 08:27:02 PM
Recent mistakes have been failures to optimize:

1.  Far too much money in cash.  Call it a hangover from past job losses (psychological) + having our HELOC capped mid-renovation during the meltdown (psychological) + me not knowing that DH got a stock bonus that was paid out as cash (sheer laziness/inattentiveness), but as of last year we had something like $250K in bank/money markets.  Plus I have another $50k I inherited from my stepdad in 2014 in my personal savings, because I feel like I need to do the "right" thing with it to honor him (psychological + laziness).  I need to be more rational about our cash level and put it somewhere useful.

2.  Failing to do backdoor Roth for several years.  Again, sheer laziness -- I had several old tIRAs that I wanted to roll into my current 401(k) first, both for ease of tracking and so I wouldn't have to pay taxes from having existing tIRAs out there.  But of course each company had a separate list of logistical requirements/forms to do the rollover, and I got frustrated/lazy (wtf is a "gold medallion guarantee" and why do I need one to get my own damn money?).  So I missed probably three years of Roth opportunity.

My biggest mistake ever was managing the sale of my house after DH got laid off in the tech crash.  Just don't let emotions get involved in financial decisions!  We had built it from scratch as our forever home, I had just had our first baby (after 2 years of miscarriages and medical hell), but his company announced a shutdown when I was 8 mos pregnant and we had to move to another state for a new job.  We got an offer within a month for my bottom line price, and I negotiated, and the guy refused to give anything, so I got my back up and rejected the offer.  (In my defense, he was putting no money down, and I couldn't believe he was serious or would get a mortgage -- so there were some things that looked like red flags to me, but I guess this was the beginning of the liar loan era, because he ultimately had no problem getting a $500K loan for an even more expensive house).

So anyway, we then spent the next year watching the local housing market crater, because, hello, everyone was shutting down or laying off.  In the meantime, I was so desperate to get settled and nest that we bought a new house in our new town before the old one sold.  Long story short, we ended up paying two mortgages for 13 months and selling the old house for $75K less than that first offer.  From now on I will let DH make sale decisions, and I will neverevereverever buy a new home before the old one closes. [all of which is irrelevant anyway because they're going to drag me out of this one feet first :-)]
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: SwordGuy on January 12, 2017, 08:37:02 PM
Spent too much on Christmas this year.

But it's all paid for, and most of it will provide value to our life for years and years to come.   
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: jengod on January 13, 2017, 11:20:30 PM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on January 14, 2017, 07:09:59 AM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!

d'oh!  I hate when that happens, too... I did that at Jo-ann last month. Maybe the answer is to make a little generic shopping checklist, i.e. did I remember:
- coupons?
- returns?
- return receipts?
- gift cards?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Laura33 on January 14, 2017, 10:00:45 AM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!

Hah!  We had a typical Friday-OMG-I-don't-wanna-cook-waaaah evening, and I remembered someone had given us a $100 gift card to a local restaurant.  So I gave DH the gift card, we bundled the whole family over, enjoyed a lovely meal, with fancy entrees and everything. 

So, yeah, when the bill came, DH forgot about the gift card (and I was doing something else and so didn't notice -- found out about it the next day, when he said, "would you believe I forgot the gift card?").

Next time we went, we put the damn card on the table the minute we sat down.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: khangaroo on January 14, 2017, 11:18:27 AM
I spent $600 at the Nike Employee Store when my budget was only $200. I should've bought cash instead of using my credit card. It's been paid off but still, a moment of weakness with all the shiny clothes. Shame.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: SeaEhm on January 14, 2017, 11:45:20 AM
I spent $600 at the Nike Employee Store when my budget was only $200. I should've bought cash instead of using my credit card. It's been paid off but still, a moment of weakness with all the shiny clothes. Shame.

Why would you pay cash for a purchase like that?  Only reason to pay cash is if they gave you a discount or are charged a fee in excess of what you would get back in rewards.


Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: 2Birds1Stone on January 14, 2017, 11:53:01 AM
I'm constantly making big money mistakes.....

1) 2012 I purchased $30k (the vast majority of my net worth at the time) in gold and silver. It has since dropped ~35-40% in value......I hold it to this day.
2) The first 1.5 years in my last career, I did not participate in the 401k leaving the match on the table.
3) The following 2.5 years I only contributed 10-20% and could have done much more.
4) I have attempted to outsmart the market by purchasing sector funds within my Roth IRA over the first 4 years I had one. I tried mining sector and energy, losing substantial amounts of money both times.
5) I held large amounts of cash during run ups in the market, invested right before a large drop. This happened on two notable occasions....in the long term I will come out ahead.
6) I recently did a 401k roll in of a conduit IRA I had from my previous employer. The funds get deposited into a settlement fund within my 401k and are sitting there since mid December. Despite all the math I am too stupid to throw it into stocks/bonds because I have a hunch that we are overdue to a pullback. The amount is 10% of my current net worth.


Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dave1442397 on January 14, 2017, 12:06:04 PM
Spent $157 on an American Airlines ticket for my wife, then remembered a week later that I have $300 in Southwest vouchers sitting in my travel folder. Duh.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: human on January 14, 2017, 12:09:49 PM
Travel, had vowed to lower travel expenses this year. Now already have a one week to 9 day trip planned that involves a flight.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: FIRE me on January 14, 2017, 03:17:55 PM
$40 down the drain, literally.

I rarely drink alcohol, but to celebrate my FIRE I bought two bottles of decent Champagne (Korbel and Kirkland). I discovered that it has been so long since I drank that it tastes like utter crap to me. One drink out of both bottles (on two different nights) and I poured the rest down the kitchen drain. I hope the pipes enjoyed it more than I did!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MsPeacock on January 14, 2017, 03:23:17 PM
$40 down the drain, literally.

I rarely drink alcohol, but to celebrate my FIRE I bought two bottles of decent Champagne (Korbel and Kirkland). I discovered that it has been so long since I drank that it tastes like utter crap to me. One drink out of both bottles (on two different nights) and I poured the rest down the kitchen drain. I hope the pipes enjoyed it more than I did!

Hopefully the bubbles acted as little drain cleaners. :P
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: FIRE me on January 14, 2017, 03:26:55 PM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!

Hah!  We had a typical Friday-OMG-I-don't-wanna-cook-waaaah evening, and I remembered someone had given us a $100 gift card to a local restaurant.  So I gave DH the gift card, we bundled the whole family over, enjoyed a lovely meal, with fancy entrees and everything. 

So, yeah, when the bill came, DH forgot about the gift card (and I was doing something else and so didn't notice -- found out about it the next day, when he said, "would you believe I forgot the gift card?").

Next time we went, we put the damn card on the table the minute we sat down.

I wonder if they would have refunded your money, if you told them that you had intended to pay by gift card? By that I mean you would have to tell them you forgot the gift card, pay cash (or credit / debit card) for the meal, go home, get the gift card, then return to the restaurant and redo the transaction.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Kimera757 on January 14, 2017, 06:29:10 PM
Two recently:

I take home-cooked meals to work, but once in a blue moon (well, probably once or twice per month!) I'll forget to take the meal out of the fridge in the morning, so I'll have to buy lunch at work. There's a cheapish place there, but I figure a home-cooked meal costs half or less what a cheap restaurant meal costs. That probably costs me about $20 CAD per month. I forgot one earlier this week... literally a day before we had a potluck at work.

But the dumbest move was breaking an expensive insomnia cure. I have tinnitus, and rather than buy a white noise generator (all the ones I saw cost hundreds of dollars) I got a cheap bluetooth headset (a little less than $50 CAD after taxes) to play a white noise file which I got free from Youtube. (It connects to my computer.) Unfortunately it didn't fit my ears all that well and would often fall out. One morning I put it under my pillow and forgot about it, and then, not seeing it put my elbow right on the weakest part of the player. Crunch! It was a maximum damage event. (It was actually playing after that event, but it could not be recharged as I'd smashed something connecting to the power cable, so it would be permanently dead that night.) While I could probably get it replaced it would take at least a few days to get that shipped in, and I didn't want to go even one night without sleep.

I did research and saw one for about the same price, so I would go to that store right after work and get it. While there I saw someone wearing a similar device (listening to music) but would fit my ears far better. I asked this total stranger what it was and went to ask store employees about it. It would cost me $200. I sighed and tried to find the cheaper one, but they had sold out. I ended up getting the more expensive device, which cost me almost $300 with tax and insurance. At least this time I signed up for an account, scanned the receipt and insurance document, and put a cup on the nightstand that the device always goes into when charging (so not under the pillow). It would have been smarter to look for a device with that ear design upon learning of it, which I'm sure I could have found for cheaper. Maybe not $50 cheap but probably not $200+. (I don't have a smartphone so I would have had to go home to research it, and didn't want to skip a night of sleep.) Of course, it would have been even smarter not to have smashed a less than one-year-old device in the first place!

I'm still not sure if that should be treated as a medical or electronic device in my budget.

It felt a bit like that time I went to another country and my shoes fell apart. Of course I didn't have another set (who carries extra shoes on vacation?) and I had to borrow my host's shoes for a couple of days while a shoe repairman who I swear was a pothead fixed my original shoes ... over the course of two or three days.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dave1442397 on January 14, 2017, 06:45:56 PM
I have tinnitus, and rather than buy a white noise generator (all the ones I saw cost hundreds of dollars)

One thing you could try is an old radio tuned to static on the AM band. We have one in our basement that runs constantly because our dog will bark at just about anything that he hears outside the house. Once I turned the radio on, he started sleeping through the night, and so did we.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Laura33 on January 14, 2017, 07:07:50 PM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!

Hah!  We had a typical Friday-OMG-I-don't-wanna-cook-waaaah evening, and I remembered someone had given us a $100 gift card to a local restaurant.  So I gave DH the gift card, we bundled the whole family over, enjoyed a lovely meal, with fancy entrees and everything. 

So, yeah, when the bill came, DH forgot about the gift card (and I was doing something else and so didn't notice -- found out about it the next day, when he said, "would you believe I forgot the gift card?").

Next time we went, we put the damn card on the table the minute we sat down.

I wonder if they would have refunded your money, if you told them that you had intended to pay by gift card? By that I mean you would have to tell them you forgot the gift card, pay cash (or credit / debit card) for the meal, go home, get the gift card, then return to the restaurant and redo the transaction.

You know, that never occurred to me.  So maybe my real money mistake was not going back the next day after DH mentioned his little oops.  :-)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: WildJager on January 15, 2017, 09:11:16 AM
Earlier this month I forgot it was January, and I did my typical autopilot investment deposit into our taxable account.  Totally forgot it was that time of the year to drop money into the IRAs.  Dang!

More seriously, the last two times we've moved from our rentals the process was a whirlwind for one reason or another.  Both times I forgot to contact our landlords and get our deposit back.  By the time things settled down and I remembered about the deposit, months had passed and I felt like it would have been rude (probably not really, but whatever) to come out of the dark and ask for a check.  That was about $1k left on the table for no reason all said and done.  I hate asking people for money... Even if I rightly deserve it.  I should probably get over that.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: RedwoodDreams on January 15, 2017, 01:24:07 PM
The major mistake i'm trying not to kick myself too hard for is not "buying up" in employer-offered long term disability coverage. My employer offers 50% salary replacement at no cost to me, which is fantastic. However, I had the option of buying up to 66 3/4 salary coverage, but thought I'd never get sick or need it, as I'd been exceptionally healthy my entire life (up to my 50s)--so I didn't buy up.

Wups, illness hit out of the blue.

Thanks to our fairly mustachian way of life all these years, we can live a fine life on 50% of previous salary, but 66 3/4 salary replacement would have been superb, especially as cost of health insurance continues to rise.

Since I became disabled, I've learned that something like 1 in 5 adults in the U.S. will become disabled at some point. Don't be like me, especially if you have kids! You can always drop the higher coverage later as your kids and stash grow...
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: horsepoor on January 15, 2017, 05:28:58 PM
I committed the mortal anti Mustachian sin of buying a spanking new car!  With payments!  It was a discounted 2015 model with 0% interest, but I do regret not buying a slightly used 2013 that was available  for $5k less (probably more after negotiations).  26 payments left, then drive it into the ground.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: swashbucklinstache on January 15, 2017, 07:02:51 PM
I had autopay disabled on a credit card if the balance was > $499 and didn't autopay a $2000 bill (travel hacking) for a month despite numerous reminders. $54 in late fees / interest when I had easily more than that in checking. Sigh.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Kakashi on January 15, 2017, 07:33:17 PM
The major mistake i'm trying not to kick myself too hard for is not "buying up" in employer-offered long term disability coverage. My employer offers 50% salary replacement at no cost to me, which is fantastic. However, I had the option of buying up to 66 3/4 salary coverage, but thought I'd never get sick or need it, as I'd been exceptionally healthy my entire life (up to my 50s)--so I didn't buy up.

Wups, illness hit out of the blue.

Thanks to our fairly mustachian way of life all these years, we can live a fine life on 50% of previous salary, but 66 3/4 salary replacement would have been superb, especially as cost of health insurance continues to rise.

Since I became disabled, I've learned that something like 1 in 5 adults in the U.S. will become disabled at some point. Don't be like me, especially if you have kids! You can always drop the higher coverage later as your kids and stash grow...

Sorry, but I don't think this was a mistake.  You only see it as a mistake in hindsight, given how life played out.  Just like, when I played roulette, it was a mistake to bet on black when it turned up red instead. 

Since you are fine on 50% of your salary, then why waste money to buy up to a higher amount?  Especially since you have no idea what the future holds.  In essence, you are buying more insurance than you needed. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Kimera757 on January 15, 2017, 08:19:00 PM
I have tinnitus, and rather than buy a white noise generator (all the ones I saw cost hundreds of dollars)

One thing you could try is an old radio tuned to static on the AM band. We have one in our basement that runs constantly because our dog will bark at just about anything that he hears outside the house. Once I turned the radio on, he started sleeping through the night, and so did we.

That actually worked for a while. The tinnitus isn't loud, but it literally sounds like it's coming from inside my head. The AM radio made it seem like it was coming from outside, so it worked well... for about a week. Then the frequency shifted (low-quality radio) and I could never get it back.

For a while I just used an old computer with a really loud fan. However, the computer had reached a decade in age and I had to switch. I was unpleasantly surprised to find my newer computer (now two and a half years old) was much quieter.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Kakashi on January 15, 2017, 08:50:06 PM
More seriously, the last two times we've moved from our rentals the process was a whirlwind for one reason or another.  Both times I forgot to contact our landlords and get our deposit back.  By the time things settled down and I remembered about the deposit, months had passed and I felt like it would have been rude (probably not really, but whatever) to come out of the dark and ask for a check.  That was about $1k left on the table for no reason all said and done.  I hate asking people for money... Even if I rightly deserve it.  I should probably get over that.

Ouch, this one made me cringe a bit. 
Some states have penalties for landlords for not notifying you within a month of your security deposit, that you can sue for 2 or 3x the amount of the wrongly withheld amount.  The perspective of a lot of states is that it's the landlord's responsibility to return your security deposit and not the tenant responsibility to ask for it.  If I were you, if it's within the statute of limitations, I would ask for the deposit back and then sue for the state maximum if the landlord won't (it's an automatic win).  But then again, I have no issues asking people for money.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on January 15, 2017, 08:53:47 PM
I have tinnitus, and rather than buy a white noise generator (all the ones I saw cost hundreds of dollars)

One thing you could try is an old radio tuned to static on the AM band. We have one in our basement that runs constantly because our dog will bark at just about anything that he hears outside the house. Once I turned the radio on, he started sleeping through the night, and so did we.

That actually worked for a while. The tinnitus isn't loud, but it literally sounds like it's coming from inside my head. The AM radio made it seem like it was coming from outside, so it worked well... for about a week. Then the frequency shifted (low-quality radio) and I could never get it back.

For a while I just used an old computer with a really loud fan. However, the computer had reached a decade in age and I had to switch. I was unpleasantly surprised to find my newer computer (now two and a half years old) was much quieter.

Have you tried a standard fan?  That is what DBF uses for his tinnitus.  We had a cheap desk fan (http://c.shld.net/rpx/i/s/i/spin/10090609/prod_1371174512?hei=333&wid=333&op_sharpen=1) that we used for a while, until it developed a squeak*, so now we use a big window fan (http://www.firstratefans.com/wp-content/uploads/2016/05/Window-Fan-e1463647779117.jpg) that gets propped up to sit on a pillow.  The airflow also seems to help.

*Yes, I did take the fan apart, cleaned it, and oiled it, but the squeak remains!  It takes half an hour to show up, too, so it drives me nuts.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on January 15, 2017, 08:58:45 PM
I committed the mortal anti Mustachian sin of buying a spanking new car!  With payments!  It was a discounted 2015 model with 0% interest, but I do regret not buying a slightly used 2013 that was available  for $5k less (probably more after negotiations).  26 payments left, then drive it into the ground.

Count me as another 'ultimate mustachian sin'. We bought new, AND with payment. We could have paid cash, but we got $$ off for financing, and it's at 1.9%. So IMO the "new car" is the only sin there. My excuse for that part is that DH drives a LOT for work. Like, 27k miles last year. Still, we should have done what we did last time- buy a slightly used car, our last one was 2 model years "behind" and had like 30k miles on it.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Gondolin on January 16, 2017, 08:13:23 AM
Quote
1) 2012 I purchased $30k (the vast majority of my net worth at the time) in gold and silver. It has since dropped ~35-40% in value......I hold it to this day.

Not a mistake if you haven't sold yet and locked in the loss!


For my own mistake, I messed up while booking Xmas travel, didn't notice until 2 days before leaving and had to rebook last minute at Xmas prices. Lost about $500 sheerly through my own negligence.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on January 16, 2017, 08:25:48 AM
Quote
1) 2012 I purchased $30k (the vast majority of my net worth at the time) in gold and silver. It has since dropped ~35-40% in value......I hold it to this day.

Not a mistake if you haven't sold yet and locked in the loss!

But he's missing out on better returns in the meantime. Holding it no matter what until it isn't at a loss can be a perfect example of the sunk cost fallacy: https://en.wikipedia.org/wiki/Sunk_cost (https://en.wikipedia.org/wiki/Sunk_cost) In this case, rather than 'throw good money at the bad', he's throwing 'good time' at the bad.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Slow&Steady on January 16, 2017, 10:39:33 AM
I committed the mortal anti Mustachian sin of buying a spanking new car!  With payments!  It was a discounted 2015 model with 0% interest, but I do regret not buying a slightly used 2013 that was available  for $5k less (probably more after negotiations).  26 payments left, then drive it into the ground.

I just bought (Dec 2016) a 2017 Nissan Leaf!  I completely over analyzed the purchase price and got the car for $10k off of MSRP but I also completely under calculated the cost of taxes and tags, along with the cost of a charger that will charge quick enough for me to actually use it as a commuter car.  It "replaced" a 10-year old Prius with 300k miles on it so I know it will get my money out of it but I am really annoyed with myself for not doing math correctly.  The Prius is still in the driveway for beyond range trips.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: 2Birds1Stone on January 16, 2017, 10:47:44 AM
Quote
1) 2012 I purchased $30k (the vast majority of my net worth at the time) in gold and silver. It has since dropped ~35-40% in value......I hold it to this day.

Not a mistake if you haven't sold yet and locked in the loss!

But he's missing out on better returns in the meantime. Holding it no matter what until it isn't at a loss can be a perfect example of the sunk cost fallacy: https://en.wikipedia.org/wiki/Sunk_cost (https://en.wikipedia.org/wiki/Sunk_cost) In this case, rather than 'throw good money at the bad', he's throwing 'good time' at the bad.

^Truth, it's a reminder to me about my foolishness, and I understand that mathematically it's disadvantageous to hold long term. It now represents less than 10% of my overall net worth and will continue to shrink as time goes on.

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on January 16, 2017, 11:09:16 AM
I'm still trying to figure out how to recover from the crass materialism of the Christmas season (which is compounded by both of my children having birthdays in the last seven weeks).
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on January 16, 2017, 01:09:08 PM
Quote
1) 2012 I purchased $30k (the vast majority of my net worth at the time) in gold and silver. It has since dropped ~35-40% in value......I hold it to this day.

Not a mistake if you haven't sold yet and locked in the loss!

But he's missing out on better returns in the meantime. Holding it no matter what until it isn't at a loss can be a perfect example of the sunk cost fallacy: https://en.wikipedia.org/wiki/Sunk_cost (https://en.wikipedia.org/wiki/Sunk_cost) In this case, rather than 'throw good money at the bad', he's throwing 'good time' at the bad.

^Truth, it's a reminder to me about my foolishness, and I understand that mathematically it's disadvantageous to hold long term. It now represents less than 10% of my overall net worth and will continue to shrink as time goes on.

I don't blame you for holding it (I think holding *some* as gold is reasonable for certain risk profiles- the mistake was going in at such a high % of your portfolio when you bought), I was just addressing Gondolin's fallacy there. =)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: alewpanda on January 16, 2017, 01:23:11 PM
I was enrolled in insurance through the Healthcare Marketplace website last year.  My plan was being discontinued, and I received suggested replacement plans, but never read anything besides "please sign up -- if you don't, you won't have coverage!".  I tossed those letters because I had secured insurance from an outside source starting in January.  14 days into this month and I receive a letter from the Healthcare Marketplace: apparently I was automatically enrolled into the new "suggested" plan.  Only then did I call to cancel the plan.  Apparently I will owe for the 14 days of coverage......I should have called beforehand I guess. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aceyou on January 17, 2017, 10:32:10 AM
My net worth would probably be double if I could transfer my current knowledge into that stupid kid's head!!! ...

2000 - My senior year of high school I invested 5k in Ford Motor, because a relative said it would be a company that was going places.  My dad helped me set up a scott trade account.  It went from $16 down to about $0.50, and I held onto it.  Eventually forgot I had it, then a year ago found it in the Michigan unclaimed property division.  Apparently they liquidated it after it had risen back to $16.50, so I very luckily didn't lose the whole thing.  I got the check for about 5k back a few months ago.

2007 - When I got married my wife had 3k in an IRA that her parents set up.  I didn't know what that was and told my wife "we can do better than that on our own", without knowing having a clue what I was talking about.  We pulled the money out at my request and it sat in cash.  Real smart, huh!  Her parents never said anything negative to me, but I'm sure they were like, "man, this new son-in-law is an idiot".

2011 - My wife and I had been married for 4 years.  Because we didn't buy that much, about 100k had accumulated into our checking account (right before the stock market was ready to EXPLODE).  I thought to myself, hmm, I should probably invest.  Instead of doing 403B's/Roth IRA's/low cost Vanguard funds, which I still knew nothing about, I went to some salemen.  One of them sold me on gold (15k) and TIPS (15k) and an annunity (25K) that paid 2% and has a huge penalty for withdrawal.  They proceeded to lose money and accrue fees as the stock market made it's meteoric rise.  I still hold these positions to this day.

Early 2014 - Got PISSED, PISSED, PISSED, as I realized through my investments that I was the world's dumbest investor.  Did a bit of research and read up on these crazy things called Roth IRA's and 403B's.  Set up a meeting with two advisors.  The Roth guy go me investing into something with 2.25% fees.  The 403B guy but contributing a tiny amount to an account with 5% front loads and a 2.25% fees.  Thought I was finally learning...OOPS!!!

Late 2014 - Got PISSED, PISSED, PISSED, because I had a gut feeling that these advisors perhaps didn't have my best interests at heart, and I started researching.  Found MMM, devoured, mind was blown.

2015 - Got most of these accounts sorted out and made an sound investment/savings strategy.

2016 - Got the money flowing into all the accounts that I set up in 2015.

2017 - The good times are rolling in, just gotta keep saving till FI.   
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: lizzzi on January 17, 2017, 02:24:57 PM
Forgot to cancel my Barnes and Noble membership--I never shop there anymore. Got charged the $25 for another year's membership. Doh!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: LadyMuMu on January 17, 2017, 03:16:23 PM
In the past three months:

-Forgot to hit the "Pay" button and resulted in a late fee on credit card for first time in five years. Damn! $12

-Didn't set a budget for son's birthday celebration--spent a ton in anxiety purchases at the last minute to make sure there was "enough." ~$50 too much

-Didn't fix storm door in a timely manner. It swung out with the wind and broke completely. Now need to replace. $250

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on January 17, 2017, 04:09:12 PM
Forgot to cancel my Barnes and Noble membership--I never shop there anymore. Got charged the $25 for another year's membership. Doh!

I think you can still email or call them up to cancel if it's within 30 days?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: lizzzi on January 17, 2017, 04:46:44 PM
Forgot to cancel my Barnes and Noble membership--I never shop there anymore. Got charged the $25 for another year's membership. Doh!

I think you can still email or call them up to cancel if it's within 30 days?

Too late now--it was in November. I'll make sure they don't hit me again this year though.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Gondolin on January 17, 2017, 07:14:20 PM
Quote
I was just addressing Gondolin's fallacy there

Yeah, I responded too quickly out of an excess of optimism.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on January 17, 2017, 07:20:52 PM
Quote
I was just addressing Gondolin's fallacy there

Yeah, I responded too quickly out of an excess of optimism.

Hey, like the thread says... Nobody's perfect! =D
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: VladTheImpaler on January 17, 2017, 07:46:15 PM
I committed the mortal anti Mustachian sin of buying a spanking new car!  With payments!  It was a discounted 2015 model with 0% interest, but I do regret not buying a slightly used 2013 that was available  for $5k less (probably more after negotiations).  26 payments left, then drive it into the ground.

I just bought (Dec 2016) a 2017 Nissan Leaf!  I completely over analyzed the purchase price and got the car for $10k off of MSRP but I also completely under calculated the cost of taxes and tags, along with the cost of a charger that will charge quick enough for me to actually use it as a commuter car.  It "replaced" a 10-year old Prius with 300k miles on it so I know it will get my money out of it but I am really annoyed with myself for not doing math correctly.  The Prius is still in the driveway for beyond range trips.

Think on the bright side, you bought one of the most cost efficient cars on the road, so it's not a bad investment over the long term.
btw, I keep reading reviews on the new Chevy Volt...drool.
Glad I read your post to remind me NOT to buy a new car.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: VladTheImpaler on January 17, 2017, 07:51:41 PM
Quote
- Made any mistakes lately?
- Why did it happen?
- What did you do to fix it/what did you learn?

Yes, I have one that I am very embarrassed about, but I need to come clean so I can get over it and move on.
I did a bunch of online sports betting last year and lost over $1k.
It started out kinda fun but I quickly realized that no matter how much you know about sports...you still can't predict the future.
I learned that gambling is dumb.
No one can predict the future.
Ugh. There I'm done with it. LOL
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Better Late on January 18, 2017, 05:39:50 PM
We live in an area with energy-choice. I just realized that after we sold our house, and moved into a rental, I never chose my electric and gas supplier--I started the process and then got distracted. NO WONDER my energy bills are as high as they were in the old house that was 2x the size of the rental, I'm getting the default rates.  And even though I just signed up with new gas/electric, the new rates won't take effect until after my next meter reading.  I am mad mad mad at myself.

Thank you for starting this thread.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Retire-Canada on January 18, 2017, 05:46:43 PM
My income jumped in 2016 [self-employed] and I pay taxes in instalments. I suspect looking back on my 2016 remittances that I did not pay enough and will have a tax bill to pay later this year. I'm not particularly concerned about it though. The owed tax money was invested and has earned a nice return for me. There will be no penalties and my 2017 cash flow is sufficient to pay the extra taxes without any issue.

I also joined a professional organisation [~$250USD] in 2016 that I thought I would use to get an additional certification, but then the business opportunity didn't materialise so it was a waste of $$. I didn't renew for 2017.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: TOgirl on January 19, 2017, 06:39:52 AM
Well, I've been on the mustachian path for a while, but I joined in on the uber-frugal January for an extra challenge, and had been tracking all of my expenses and not spending on anything that wasn't absolutely necessary.

Then I was walking around the hardware store with a friend (we both love DIY) and spotted some cordless shades/blinds that were on sale for my kitchen windows. Kitchen had been renovated (inexpensively, by me) 2 years ago - and has sat without any window coverings since then, while I tried to decide how to cover them in a nice-looking/energy efficient/budget friendly way. Soooo...on a whim, I bought 2 sets of blinds for $200 total (windows are large). Started face-punching myself immediately, with some negative "I've failed uber-frugal month" talk.

And then I realized...I waited almost 2 years to make a good purchase of quality blinds, they were on sale, fit the space perfectly, will last a long time, and were paid for in cash. I've resigned myself to say - I no longer see the purchase as face-punch worthy, but as a direct result of practicing mustachian ways in other areas.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on January 30, 2017, 07:00:18 AM
Alright, so I'm back from a week at Walt Disney World. Ghadghd! I cannot believe all the ways they find to suck extra money out of you...and my kids are being trained to be little mini-consumers, too!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Prodigal Daughter on January 30, 2017, 09:55:47 AM
I spent $8.20 on breakfast for myself and my kids this morning because my entire weekend was taken up with volunteer projects, spending time with my parents who were visiting from out of town, my kids tournament, and swimming in the hotel pool where my parents were staying. I had zero time to buy groceries or cook ahead this weekend. (Although my parents paid my $5 admission fee to the tournament and took us out to dinner twice this weekend, so I'm not all that off budget.) After work plans tonight include a trip to the grocery store and cooking all night! Oh, and finishing the laundry. I only got one of three loads done this weekend.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mozar on January 30, 2017, 10:05:40 AM
I've got a good one. I was frontloading my 401k last year and then my company started matching in April but now I couldn't frontload anymore. I did the math wrong and didn't check and just realized I was 2k short of maxing my 401k. That's 500 bucks in taxes I didn't need to pay. Ouch!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on January 30, 2017, 10:13:14 AM
I made lots of mistakes in the last couple of weeks...

-I ordered birthday gifts too late in the week and I expect they'll arrive today, after the parties are over. So I ended up running around to stores at the last minute and paying about $20 more than I should for gifts that weren't so great. To stop this from happening, I have to restock my gift bin, and also put an alarm on my calendar a week before events to make sure I have enough lead time to make orders. 

- Let a lot of food go bad in the fridge again because it was too full and I didn't notice the old stuff under or behind the new stuff.  Tomorrow I'm going to cook a lot of freeze-ahead dinners, so hopefully this will empty the fridge out a little.

- Made what I would consider a dubious choice, not sure if it is a mistake yet.  I have wanted interior shutters for my windows for over a year, but they are very expensive so I have been watching out for some on Craigslist.  Ended up buying several pairs of used plantation shutters in great shape for $100/pair, but although they would have cost over $400/pair new and installed in my windows, I still question whether I shouldn't just have sucked it up by making curtains.  This is one of these cases where I know there is a cheaper way to do what I need (get privacy and insulate windows) but I make a design choice that makes things more expensive.  Maybe the better interior decoration will help us sell the house, or at least that what I keep telling myself. 

So you're not alone in window covering foolishness, TOgirl!

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Connemara on January 30, 2017, 11:23:45 AM
I recently had a tootache that began with slight discomfort and ended in sheer agony. I saw my dentist four times in about 10 days and each time he said, "The filling in that tooth is very shallow, no need for a root canal. Must just be contact pain." Well, I finally went to a new dentist and she immediately sent me to an endodontist for a root canal. Sure enough, the nerve was almost dead and my now-former dentist was dead wrong. And also sure enough, the endodontist and my new dentist are not in-network. That resulted in a pile of bills totaling nearly $3,000, which all had to be paid out of pocket (I'm hoping insurance will reimburse at least 50%). This drained my emergency fund, already suffering due to some emergency HVAC work in October, to $1,000.

Maybe this isn't a money mistake, as I had funds set aside to cover the unanticipated expenses. But I now have very little left over which is solely my fault. I should have been working to get that e-fund back into healthy territory but I had sort of forgotten about it during the holidays. This was a very sobering reminder that I need to prioritize restoring the fund and for that I am kind of thankful!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Landlady on January 30, 2017, 11:28:15 AM
I bought a bike on Craigslist for my husband for $50, then proceeded to spend another $200 to fix all it's problems as they arose. I wish I had just bought him a quality bike to begin with. I can't stand being penny wise and pound foolish. I probably could have avoided this one if I had taken time to educate myself on bikes. Oh well.

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: acroy on January 30, 2017, 11:39:11 AM
Read on MMM about good cheap coffee makers.
Already own 2 perfectly functioning coffee makers.
Went to amazon and bought a $30 percolater.... because I wanted it.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on January 31, 2017, 01:06:37 PM
It seems like I have a lot of little things lately that are hitting my credit card with automatic renewals...it's frustrating to have these things just appear, and they're all over the place!!!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on January 31, 2017, 02:55:08 PM
It seems like I have a lot of little things lately that are hitting my credit card with automatic renewals...it's frustrating to have these things just appear, and they're all over the place!!!

Use a service like Mint, and categorize your past transactions, so you can see all these ahead of time! =)

Also, if you have a Citi card, they have a spot to see all recurring charges.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: nexus on January 31, 2017, 05:22:19 PM
I went to the Nike Factory Outlet Store over the weekend and spent $257 for the first time ever. I'm a particular fan of a certain sport and fans like me like to throw money at player merchandise. I'm a medium. I bought the same shirt in M and XL, and another in XL. I found hats with a player's logo on them. Snagged two. Wristbands for $2.99 and $4.99, regularly $10-$12, heck yes! A pair of shoes for $55, score! A sports bra for the lady friend for $15? Sold!

Why? Well, I have an eBay account and know my market. Those $55 shoes will sell for $110, less shipping and fees leaves me a nice profit between $30-$35 (sports bra gift paid for!). Those shirts I bought for $12.99? $25 bucks a pop. Sell two, and it covers the price of the one that fits me. Wristbands? The $2.99 ones will sell for $10. The $4.99 ones for $12.50.

So ultimately I really only wanted four items, but walked out with closer to fourteen. If/when the other 10 items sell, the net proceeds will cover the cost of the four items I want (and then some most likely). For a little extra work I get a higher seller rating on eBay, make some cash (or at least break even/'free' clothes), and earned some travel hacking CC rewards points. Worst case the stuff doesn't sell and I return it for a refund.

The move that warrants face punches? I went shopping for nonessential items because I was bored, but let's pretend I was being ambitious and entrepreneurial. (I think I'll make a post about this in my Journal tomorrow to help track whether I come out ahead, behind, or even).
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Retire-Canada on January 31, 2017, 05:27:21 PM
I went to the Nike Factory Outlet Store over the weekend and spent $257 for the first time ever. I'm a particular fan of a certain sport and fans like me like to throw money at player merchandise. I'm a medium. I bought the same shirt in M and XL, and another in XL. I found hats with a player's logo on them. Snagged two. Wristbands for $2.99 and $4.99, regularly $10-$12, heck yes! A pair of shoes for $55, score! A sports bra for the lady friend for $15? Sold!

Why? Well, I have an eBay account and know my market. Those $55 shoes will sell for $110, less shipping and fees leaves me a nice profit between $30-$35 (sports bra gift paid for!). Those shirts I bought for $12.99? $25 bucks a pop. Sell two, and it covers the price of the one that fits me. Wristbands? The $2.99 ones will sell for $10. The $4.99 ones for $12.50.

So ultimately I really only wanted four items, but walked out with closer to fourteen. If/when the other 10 items sell, the net proceeds will cover the cost of the four items I want (and then some most likely). For a little extra work I get a higher seller rating on eBay, make some cash (or at least break even/'free' clothes), and earned some travel hacking CC rewards points. Worst case the stuff doesn't sell and I return it for a refund.

The move that warrants face punches? I went shopping for nonessential items because I was bored, but let's pretend I was being ambitious and entrepreneurial. (I think I'll make a post about this in my Journal tomorrow to help track whether I come out ahead, behind, or even).

Factoring all your time & fees what would you say is your profit/hour for the stuff you sold?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Yonco on January 31, 2017, 05:37:09 PM
Last week i had a 23$ bar tab, now this week i had to cut a $2000 check to an attorney.  I AM NEVER DRINKING AND EVEN GETTING CLOSE TO A CAR WITH KEYS IN MY HAND AGAIN.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on January 31, 2017, 06:58:07 PM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!

Hah!  We had a typical Friday-OMG-I-don't-wanna-cook-waaaah evening, and I remembered someone had given us a $100 gift card to a local restaurant.  So I gave DH the gift card, we bundled the whole family over, enjoyed a lovely meal, with fancy entrees and everything. 

So, yeah, when the bill came, DH forgot about the gift card (and I was doing something else and so didn't notice -- found out about it the next day, when he said, "would you believe I forgot the gift card?").

Next time we went, we put the damn card on the table the minute we sat down.

This is my in-laws on repeat.

They have an Entertainment Book full of coupons and vouchers, and pick where to eat based on the coupons.

MiL doesn't like to pay (joint accounts but she says it ruins the meal if she knows what she paid for it) so FiL pays but forgets the coupon. Every. Single. Time.

MiL gets cranky, then it's:

Oh well, we'll just have to come back here.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on January 31, 2017, 07:58:45 PM
Took two separate trips to the hardware store, spending $20 and then $10. Didn't remember the $5 off $20 coupon either time!

Hah!  We had a typical Friday-OMG-I-don't-wanna-cook-waaaah evening, and I remembered someone had given us a $100 gift card to a local restaurant.  So I gave DH the gift card, we bundled the whole family over, enjoyed a lovely meal, with fancy entrees and everything. 

So, yeah, when the bill came, DH forgot about the gift card (and I was doing something else and so didn't notice -- found out about it the next day, when he said, "would you believe I forgot the gift card?").

Next time we went, we put the damn card on the table the minute we sat down.

This is my in-laws on repeat.

They have an Entertainment Book full of coupons and vouchers, and pick where to eat based on the coupons.

MiL doesn't like to pay (joint accounts but she says it ruins the meal if she knows what she paid for it) so FiL pays but forgets the coupon. Every. Single. Time.

MiL gets cranky, then it's:

Oh well, we'll just have to come back here.

Eesh...  I put my coupons in my wallet in front of any cards or cash, and that does help me remember.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on February 01, 2017, 02:24:20 PM
I've never been a winner with coupons. I remember my shock when one of my colleages--who out earned me by double--admitted to being an extreme couponer.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: acroy on February 01, 2017, 02:29:14 PM
Last week i had a 23$ bar tab, now this week i had to cut a $2000 check to an attorney.  I AM NEVER DRINKING AND EVEN GETTING CLOSE TO A CAR WITH KEYS IN MY HAND AGAIN.
d'oh! expensive lesson - hope the rest of the process is painless.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Iplawyer on February 01, 2017, 02:50:27 PM
Last week i had a 23$ bar tab, now this week i had to cut a $2000 check to an attorney.  I AM NEVER DRINKING AND EVEN GETTING CLOSE TO A CAR WITH KEYS IN MY HAND AGAIN.

Uber, my friend, Uber. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Fishindude on February 01, 2017, 02:57:09 PM
Just replaced a cheap 12" chain saw with a good Stihl saw.  Needed one on a weekend and got in a hurry and bought an off brand saw at the farm store.  It lasted about a year, is now in a box in pieces and I'm using the new saw, so bought two saws to get one.  Probably $250 for the first one, then $350 for the second one.

Heck ... I pull boners like this all the time.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: lizzzi on February 08, 2017, 03:35:30 PM
Errrrrg---needed to pick up a quick Valentine's card for my daughter and the grandkids--they are out-of-state, and I just wanted something cute but not too stupid for them to open and set on the table with their other cards. So I grabbed one at the closest pharmacy while I was out getting a $20 at the ATM...I figured maybe $3 or $4 for a nice card...it would be too expensive...but what the hey. So I get up to the register --and that card...kind of a medium-large, nice but not fancy...was $7.01. OMG. Face punch, face punch. For a CARD!!!

And there I was watching the ads on TV for four-foot teddy bears for $99.99 and pink plush hooded onesies for your girlfriend...kind of laughing...like who in their right mind would over-spend for dumb stuff on Valentine's Day. Oops...me, I guess.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on February 13, 2017, 12:40:13 PM
I cannot believe how expensive greeting cards are getting. Absolutely disgusting!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: honeybbq on February 13, 2017, 12:46:09 PM
Last week i had a 23$ bar tab, now this week i had to cut a $2000 check to an attorney.  I AM NEVER DRINKING AND EVEN GETTING CLOSE TO A CAR WITH KEYS IN MY HAND AGAIN.

Wow. I am glad you are alive to make this post. Sincerely.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on February 13, 2017, 01:31:27 PM
Me too!  Yonco, what happened??

My latest mistake was yesterday... ordered party favors (mystery Lego minifigures) for a kid birthday party before looking in our big box with leftovers from previous parties. Turns out I already had 15 packets of Lego men  that would have done just as well, but it's too late to cancel my order. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: caffeine on February 13, 2017, 01:43:36 PM
I fueled up for about a 60 mile trip. I was sleepy and groggy. Before I got on the highway, the check engine light came on. I panicked as I'm driving a 16 year old car. I pulled into a mechanic that has a $50 diagnostic charge. I knew I could have drove to AutoZone where they did it for free, but I was a little scared to drive on it.

I paid $50 for them to tell me the gas cap is having issue. They suggested I buy a new gas cap. I declined the service, tightened the gas cap, and went on my way. The check engine light went away.

In many matters of life, knee-jerk reactions tend to waste money. By panicking, I wasted my weekend budget. Always tighten the gas cap completely.

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Helvegen on February 13, 2017, 01:47:39 PM
IKEA used to have a decent chocolate cake. I went there yesterday and got a slice and noped right out of that. I don't know how they ruined it, but they ruined it.

We left the cake and got Daim bar for dessert instead from the food market. It was better.

We are going later this week on a short visit to see my family. I didn't want to have to rent a car for the whole time, but I underestimated how batshit insane my mother can be some times (she basically wants to monopolize our time the whole trip and is throwing huge fits around any deviation in that plan), so had to pony up $198 for a rental car for the whole period instead of the one day I planned. Otherwise, I don't think she would take us back to the airport to pick up the car...honestly, she's lost her mind about us coming and I am not looking forward to this as far as it involves her one bit.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: iowajes on February 13, 2017, 02:08:02 PM
Got milk at the grocery store yesterday (2/12).  Not only does it expire TOMORROW (2/14; I checked they had no other dates out) it was freaking $2.99 for store brand.

Target has milk for $1 this week!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: stoaX on February 13, 2017, 05:18:07 PM
I cannot believe how expensive greeting cards are getting. Absolutely disgusting!

2 words:  Trader Joe's and the dollar store.  Ok, that was 6 words but nonetheless their cards are a buck or less.

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on February 13, 2017, 05:25:24 PM
I cannot believe how expensive greeting cards are getting. Absolutely disgusting!

2 words:  Trader Joe's and the dollar store.  Ok, that was 6 words but nonetheless their cards are a buck or less.

+1. Trader Joe's is my saving grace. They don't have much selection at any given time, but rotate through them fairly often. I buy a few any time I find a design I like, and just keep them on hand. That way I'm never caught and have to spend too much!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on February 13, 2017, 05:28:00 PM
I cannot believe how expensive greeting cards are getting. Absolutely disgusting!

2 words:  Trader Joe's and the dollar store.  Ok, that was 6 words but nonetheless their cards are a buck or less.

+1. Trader Joe's is my saving grace. They don't have much selection at any given time, but rotate through them fairly often. I buy a few any time I find a design I like, and just keep them on hand. That way I'm never caught and have to spend too much!

+1 for a card box.

I stock up on the 75c-dollar cards when I find them.

Lots of people comment on how organised I am when it comes to sending cards, but doing it this way is less work.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: iowajes on February 13, 2017, 05:55:17 PM
I get greeting cards on amazon.

I've also taken to postcards for Thank You notes. Cheaper than cards and the stamp is cheaper :)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: tyort1 on February 13, 2017, 07:44:40 PM
I put a hold on my Hulu account 4 months ago thinking I'd see what life was like without it.  Turns out life was pretty good.  Didn't miss it at all and intended to cancel it before it "unfroze".  Well I missed the unfreeze window and got charged for a month.  $11.  Not a huge amount but irritating none the less.  To make up for it, I am blasting through 12 Monkeys Season 1 before March 7th when my month expires.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on February 16, 2017, 10:22:28 AM
Wow, I am on a roll this month!  I tripped over the power cord of my Macbook, knocking it to the ground, and now a 4 inch area is black and there are little lines running up and down across the display.  It would cost almost $500 to get it fixed locally, and even if I fix it myself it will cost at least $250 for the part (somewhat less if I opt for a used, less severely damaged display.)

I guess the mistake was switching over to Macs a few years ago. I can't imagine that it would cost so much to fix a PC laptop.

I know that there are workarounds, such as using an external monitor, but I know it will bug me daily so I might as well take care of it. Grrr.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Retire-Canada on February 16, 2017, 10:27:23 AM
I guess the mistake was switching over to Macs a few years ago. I can't imagine that it would cost so much to fix a PC laptop.

I use PC and Mac a lot. The Macs are nicer to use and last longer before I run into problems vs. PC. Given how much time I spend using my computer [far and away from than anything else in my life] it's worth it to me to pay more initially for a more enjoyable experience.

I managed to get water into my Mac laptop's track pad and needed $200+ repair. While picking up the laptop my truck got hit and run to the tune of $900. It was an expensive mistake. But I don't look at buying the Mac as a mistake. Being careless with a drink around my laptop was the problem.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dr. Hasslein on February 16, 2017, 11:32:50 AM
all the humblebrags on here be like "OMG I have like a 3m$ net worth but I accidentally wasted $5.99. I am soo bad with money lol"
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on February 16, 2017, 11:53:38 AM
Maybe there are a couple like that, but this is a thread where usually-frugal people can "confess" mistakes they have made, learn from them, and let them go.  I personally find that venting helps me keep from obsessing about a loss.

And though some may have a net worth in the millions, if they are trying to live on $30K a year, small sums are still disappointing to lose. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: iowajes on February 16, 2017, 12:11:29 PM
all the humblebrags on here be like "OMG I have like a 3m$ net worth but I accidentally wasted $5.99. I am soo bad with money lol"

It says "money mistakes lately"- not "biggest money mistake ever".
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dr. Hasslein on February 16, 2017, 12:55:36 PM
Maybe there are a couple like that, but this is a thread where usually-frugal people can "confess" mistakes they have made, learn from them, and let them go.  I personally find that venting helps me keep from obsessing about a loss.

And though some may have a net worth in the millions, if they are trying to live on $30K a year, small sums are still disappointing to lose.

I'm just ribbing everyone :)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: tyort1 on February 16, 2017, 07:35:26 PM
all the humblebrags on here be like "OMG I have like a 3m$ net worth but I accidentally wasted $5.99. I am soo bad with money lol"

You have to understand that I spend decades being bad with money and at 44 years old I had no savings and only $144k in retirement.  And it was mostly from eating out, spontaneous 'treats' and 'rewards' for myself and my wife, and letting a ton of little shit add up that robbed us of years of our lives.  So nowadays $11 wasted is a big deal to me.  Mostly because it was nickel and dime stuff that screwed me over for so long...
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aspiringnomad on February 16, 2017, 09:25:26 PM
A year ago I tossed my iPhone on the concrete. Didn't drop it, just tossed it. Was drunk, needed it out of my hand for some stupid reason, and I guess I thought the case would save it. Predictably, it landed face down and the screen cracked completely. Cost $150 to repair.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on February 17, 2017, 04:47:31 AM
all the humblebrags on here be like "OMG I have like a 3m$ net worth but I accidentally wasted $5.99. I am soo bad with money lol"

You have to understand that I spend decades being bad with money and at 44 years old I had no savings and only $144k in retirement.  And it was mostly from eating out, spontaneous 'treats' and 'rewards' for myself and my wife, and letting a ton of little shit add up that robbed us of years of our lives.  So nowadays $11 wasted is a big deal to me.  Mostly because it was nickel and dime stuff that screwed me over for so long...

I'm totally feeling tyort1 here. I pissed a lot of good money away in my youth. If I had save and invested the money I pissed away on frivolous crap, my net worth would probably be double what it is now.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on February 17, 2017, 05:00:26 AM
A money mistake I just made was not reading the instructions for a weatherproof electrical box cover. I figured, who needs to read instruction for a something like a cover? After 2 stripped threads in the electrical box, 4 trips to the hardware store, and a thread tapping kit, I can say that the weatherproof cover is firmly attached to my house. What should have just been $15 bucks for the cover, turned in to $50. If I had read the instructions, and cut down the screws that came with the cover instead of continuing to tighten down screws that were half an inch too long, I could have saved myself a lot of grief and money. Next time, I'll spend a few minutes on the instructions even if it seems obvious what I'm supposed to do.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: neverrun on February 17, 2017, 05:48:49 AM
I haven't been able to find my running watch for a week, instead of just looking harder I just ordered a new one.  In my defense 3 weeks after I bought my last one the company came out with the one I just purchased which had all the features I wanted instead of most of them.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on February 17, 2017, 06:33:52 AM
For my latest hobby, amateure astronomy, I bought a small "starter" telescope. Of course new, because I didn't know how to judge the quality of a second hand. I bought a separate mount, but bought the cheapest one I could afford. Half a year later I already wanted a bigger telescope that shows more deep sky. I put it on the existing mount, but it is way too light for the new tube. I should so much have invested into a heavier mount to start with. And maybe into a bigger telescope to start with. The one that I have now is a nice compromise. I could have bought that from the beginning. It would have been cheaper than buying two.

Our current house was also a financial mistake. This was just before I discovered this website. I wanted to move out of our old house which needed a lot of renovations. We found another house in the same village. The view of the new house is to die for, even better than the view from the old house. But we paid a high price for it and I could have left the money in index funds where they were. The new house is badly designed in matters of energy use, which is dumb when you live in a cold country. It was on my list to buy the perfect house: great view, large rooms, no traffic noise,  lots of nature close by, low energy. We fell for the first 4 things. The other negative thing about the house is the terribly steep roads in bad condition that lead to it. For us with a Subaru and a Suzuki it is not a big problem. We can drive up there in winter. But there are many others using the same roads without a 4x4 who get stuck and block the roads. But when selling the house, it will be a big downside. Like it was with our old house, which had a similar road, but with less traffic on it. Only positive thing about the house: our not-so-popular community will be combined with the neighbouring popular community. That will make our house more worth, or at least more attractive for more people. Then hopefully we will not lose too much money on it. But in general, I think we paid such a high price that I am less and less convinced that we will ever get it back at a sale.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: BrickByBrick on February 17, 2017, 10:23:46 AM
So chalk this up to not reading the fine print I guess.

Last year I changed employers.  Signed up for an HDHP with an HSA (because I had recently learned about the magic that is an HSA) under my new employer provided healthcare.  With my previous employer I had an FSA with about $1000 left in it.  Well, I was approaching the end of the calendar year (after switching employers) and figured - hey, I might as well spend that $1000 on something (a planned expense earlier in the year ended up not happening) - so I went out and bought new eyeglasses and custom orthopedics for right about that amount.

I imagine at least a few of you know the result.  I logged into my account to file my claims and reimburse myself and received error messages instead.  After calling the account provider they told me I couldn't file claims after officially leaving my employer!  Even though the money was right there in the account!  I was beyond angry for a few minutes, it felt like theft (personally - I still view it that way, let me take it and pay taxes on it instead).  I had now paid $1000 on items I didn't really need.

But a simple check of the account or google search would've told me that $1000 was sunk before I spent another $1000. 

Oh well! At least I do use the eyeglasses and insoles.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aspiringnomad on February 17, 2017, 04:39:00 PM
For my latest hobby, amateure astronomy, I bought a small "starter" telescope. Of course new, because I didn't know how to judge the quality of a second hand. I bought a separate mount, but bought the cheapest one I could afford. Half a year later I already wanted a bigger telescope that shows more deep sky. I put it on the existing mount, but it is way too light for the new tube. I should so much have invested into a heavier mount to start with. And maybe into a bigger telescope to start with. The one that I have now is a nice compromise. I could have bought that from the beginning. It would have been cheaper than buying two.

I have a buddy who has gotten into this, even building his own massive and impractical telescope almost from scratch (he has no car and can't carry it so he can't get it out of the city) and wow is it an expensive hobby. I have no idea what he spent in total but know he spent $800+ on just on particular components of the telescope, not to mention the cost of membership to the workshop he built it in. He learned a ton of cool stuff in the process, and it piqued my interest, but I had no idea that it would compare to something like kitesurfing in terms of expense.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Retire-Canada on February 17, 2017, 05:00:03 PM
...it piqued my interest, but I had no idea that it would compare to something like kitesurfing in terms of expense.

If you kitesurf on used gear it's not so bad. Having new stuff is where the $$$ get sucked out of you.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on February 17, 2017, 07:32:41 PM
So chalk this up to not reading the fine print I guess.

Last year I changed employers.  Signed up for an HDHP with an HSA (because I had recently learned about the magic that is an HSA) under my new employer provided healthcare.  With my previous employer I had an FSA with about $1000 left in it.  Well, I was approaching the end of the calendar year (after switching employers) and figured - hey, I might as well spend that $1000 on something (a planned expense earlier in the year ended up not happening) - so I went out and bought new eyeglasses and custom orthopedics for right about that amount.

I imagine at least a few of you know the result.  I logged into my account to file my claims and reimburse myself and received error messages instead.  After calling the account provider they told me I couldn't file claims after officially leaving my employer!  Even though the money was right there in the account!  I was beyond angry for a few minutes, it felt like theft (personally - I still view it that way, let me take it and pay taxes on it instead).  I had now paid $1000 on items I didn't really need.

But a simple check of the account or google search would've told me that $1000 was sunk before I spent another $1000. 

Oh well! At least I do use the eyeglasses and insoles.

The more I hear about FSAs, the worse they sound.  Wow.  I know that the old rule for them was "use it or lose it" on an annual basis, though now you can roll some tiny amount from one year to the next.  I did not know you would lose access to the funds upon leaving your employer, though.  I guess it is balanced, as I've heard on the other side that someone who states Jan. 1 that they will contribute $200/monthly paycheck, spends $2400 from the FSA on medical stuff Jan. 31, and quits Feb. 1 is not required to repay the $2200 difference.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Erma on February 17, 2017, 11:54:06 PM
I unplugged our freezer by mistake. We built a shelf, which  I nrmally do with a normal screw driver, but my boyfriend wanted to use the electric one and plugged it in and the freezer was plugged in a power strip. One evening I was thinking about how the drill was still plugged in, but forgot completely about the freezer, so I unplugged it.

Forward about 1.5 weeks and we had an extra garbage bag to throw away. The only good thing is that four months after our move the freezer wasn't filled up yet.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on February 18, 2017, 12:58:07 AM
I committed the mortal anti Mustachian sin of buying a spanking new car!  With payments!  It was a discounted 2015 model with 0% interest, but I do regret not buying a slightly used 2013 that was available  for $5k less (probably more after negotiations).  26 payments left, then drive it into the ground.

Count me as another 'ultimate mustachian sin'. We bought new, AND with payment. We could have paid cash, but we got $$ off for financing, and it's at 1.9%. So IMO the "new car" is the only sin there. My excuse for that part is that DH drives a LOT for work. Like, 27k miles last year. Still, we should have done what we did last time- buy a slightly used car, our last one was 2 model years "behind" and had like 30k miles on it.
Ha! I guess I have to fess up to an automotive sin that's somewhere between venial and mortal. Last year, DH insisted it was time for a new car for me. He does the repairs, so...okay. I was perfectly happy with buying a used car, but I was adamant about not wanting a "13" model year. I just didn't want a "13". So we looked around and found a "14" that someone was breaking their lease on. It was a private party sale. She was so pissed at Toyota that she ate the loss rather than pay it to them. Bad for her, good for us. We paid cash, so there's that. But if we had purchased a "13", it would have been cheaper. Since I intend to drive it for the next decade, I'm sure it will all be fine in the end. So venial, maybe?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: 2Birds1Stone on February 18, 2017, 04:34:10 AM
I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: secondcor521 on February 18, 2017, 05:58:42 AM
1.  Somehow I managed to double-pay two different credit card balances in two different ways.  First one I apparently logged on and did a manual payment request on two successive days for the full amount.  Second one was a card I had on autopay and I manually scheduled a full amount payment for the day before the due date.  Found this out about a week before leaving on an out-of-town trip for two weeks.  Not the most convenient time to have the credit card companies holding on to my money.  Called and requested refund checks, which will have arrived after I had left.

2.  Lost my camera battery charger somehow.  It's just not where it should be (the definition of "lost", I guess :-) ).  Paid $42.39 to get a new one at Best Buy because I was leaving the next day for a long trip that I wanted to take lots of pictures on.

3.  Was planning on buying some souvenirs for my kids on the trip to celebrate them getting good grades.  Spent $$$ on a watch for my son, then as an afterthought realized I wanted to get something for my daughter.  Spent $$$$ on a necklace for her.  Even if it was a nice piece of jewelry, I really shouldn't spend $$$$ impulsively like that.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: cdttmm on February 18, 2017, 07:17:55 AM
Got a $15 parking ticket because I failed to return to my car before the time on my parking meter expired and I was convinced it would go unnoticed. This happened the day after a major snowstorm that severely limited the available parking spots in a town that already has ridiculously limited parking. Doh!!!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on February 18, 2017, 07:56:10 AM
I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
Ug. No traffic school option? Can you contest the ticket? Try to get the fine reduced by going before a judge? Hope so!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on February 18, 2017, 08:00:02 AM
Got a $15 parking ticket because I failed to return to my car before the time on my parking meter expired and I was convinced it would go unnoticed. This happened the day after a major snowstorm that severely limited the available parking spots in a town that already has ridiculously limited parking. Doh!!!

This reminds me of my mistake last summer. We went to a sports events, where you could park for free. But it looked like the event was partly entering the parking place and the entrance was half blocked. I thought therefore that I could better park on another parking place down the road. It never entered my mind that the parking would not be free over there. I parked right in front of the sign that said you had to pay, but I didn't notice it at all. Of course, a fine was given. That became expensive parking.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: 2Birds1Stone on February 18, 2017, 09:52:49 AM
I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
Ug. No traffic school option? Can you contest the ticket? Try to get the fine reduced by going before a judge? Hope so!

I got nabbed doing 63 in a 40, which in NYS is 6 points. Something like a $600 ticket + $300 NYS drivers assessment fee.

April 4th I meet with the ADA to plea it down, it will likely be $1000+ and 2-3 points or $1500+ a no points. Pure money grab -_- 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MrsWolfeRN on February 18, 2017, 03:53:59 PM
January: $37 parking ticket for forgetting to put new stickers on license plate. I had them at home, it was too cold to put them on when I got them and then they got buried in a pile of other mail. Could have disputed the ticket but you have to show up in person on Wednesday at noon to do this. Had the day off work but there was an ice storm.  Ended up paying an extra $2 "convenience fee" to pay it online because the fine would have gone up if not paid within 10 days.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: VladTheImpaler on February 18, 2017, 08:36:24 PM
I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
What? How fast were you going?
Did you have proof of insurance in your vehicle?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Better Late on February 18, 2017, 08:51:00 PM
Purchased a textbook for DD on Amazon (at her request) and intended to send it to her for free via Prime shipping. Somehow after I entered her new address at uni I managed to mail the book to myself. I had purchased the last copy so my error necessitated a trip to the post office and $13 for priority shipping to her
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on February 19, 2017, 06:28:02 AM
Purchased a textbook for DD on Amazon (at her request) and intended to send it to her for free via Prime shipping. Somehow after I entered her new address at uni I managed to mail the book to myself. I had purchased the last copy so my error necessitated a trip to the post office and $13 for priority shipping to her
Arrrrgh! Still you probably came out ahead, money wise.

I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
What? How fast were you going?
Did you have proof of insurance in your vehicle?
See below. Fingers crossed for 2B1S on April 4th. It's both my sister's and my bonus kid's birthday, so maybe it will be a lucky day for him, too.

I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
Ug. No traffic school option? Can you contest the ticket? Try to get the fine reduced by going before a judge? Hope so!

I got nabbed doing 63 in a 40, which in NYS is 6 points. Something like a $600 ticket + $300 NYS drivers assessment fee.

April 4th I meet with the ADA to plea it down, it will likely be $1000+ and 2-3 points or $1500+ a no points. Pure money grab -_- 

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: dividendsplease on February 19, 2017, 06:49:23 AM
I bought $10 worth of powerball tickets last night. not a winner. jackpot over 400M now.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: iowajes on February 19, 2017, 02:32:16 PM
Purchased a textbook for DD on Amazon (at her request) and intended to send it to her for free via Prime shipping. Somehow after I entered her new address at uni I managed to mail the book to myself. I had purchased the last copy so my error necessitated a trip to the post office and $13 for priority shipping to her

My mom somehow did this ordering a gift off my husband's wish list. She swears it said our address.
It cost her $25 to mail it to us, slowly (went to her via prime). I told her she should return it (free returns) and buy a new one, but she wouldn't.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: LorettaLynn on February 19, 2017, 03:11:30 PM
In a moment of extreme anxiety I purchased a second car when various mechanics were unable/unwilling to solve a problem I was having.  Fortunately Car #2 is small, cheap and sips gas but still was kind of...unnecessary.  $800 later I found a good mechanic shop and got Car #1 fixed.  Cars are my mustachios weakness.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: kissthesky on February 19, 2017, 04:05:30 PM
I get so mad when I make stupid money mistakes. I even keep track of it: last year I spent $1840 on things I should have spent $0 on. Most recently was $350 for the damage a broken pipe caused. After I paid the guy I realized it would have been 100% covered by my home warranty. Ugh. Goal for 2017: <$100 in stupid money mistakes by always thinking through things before reacting.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on February 20, 2017, 06:52:36 AM
2Birds1stone and any other NYS drivers, you can lower your points by up to 4 and/or get a 10% discount on your auto insurance by taking a Defensive Driving course every three years (18 months for point reduction).   You can do it online; it takes a minimum of 5.5 hours, so this means that you can't just flash through it but you have to wait for the timer to go off before proceeding to the next page. Pesky, but if you are going to waste your time on the internet you might as well save. There are various "schools" like New York Safety Council,  National Safety Council, Safety Serve, etc. The lowest price I've found is $24.95 so far.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: stoaX on February 20, 2017, 09:33:39 AM
I got a speeding ticket recently that will cost me $1-2k by the time all is said and done.......ugh.
Ug. No traffic school option? Can you contest the ticket? Try to get the fine reduced by going before a judge? Hope so!

I got nabbed doing 63 in a 40, which in NYS is 6 points. Something like a $600 ticket + $300 NYS drivers assessment fee.

April 4th I meet with the ADA to plea it down, it will likely be $1000+ and 2-3 points or $1500+ a no points. Pure money grab -_-


Wow!  Are you sure this is the state of New York and not a Mafioso extortion scheme?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: stoaX on February 20, 2017, 02:12:38 PM
The money mistake I made lately was fixing an electrical problem myself.  The electrician should arrive in about an hour....
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on February 20, 2017, 02:55:57 PM
The money mistake I made lately was fixing an electrical problem myself.  The electrician should arrive in about an hour....

I know that feel. I killed our old stove about 7 years ago trying to replace a receptacle. I figured out what I was doing wrong eventually, but that was an expensive lesson.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: afuera on February 20, 2017, 03:17:30 PM
In 2014, my fiancé (now DH) had been working in the oil field for about 6 months and we went from poor college couple to paychecks of >8K AFTER TAX.  Lifestyle inflation was real.  We bought loads of fancy electronics (PS4, TV, Sound System, etc.) and a 1 year old Mercedes C250 that we thought we were getting a great deal on since it was a dealership loaner with very low mileage. We planned on keeping it forever.  10K in depreciation and 2 years later we sold the car when my DH got laid off. Ugh.


In 2015, about a month before my mom sent me a link to MMM, I was feeling fed up with work and was looking for options to make passive income. FIRE wasn't even on my radar as possible.  I found Ramit Sethi and believed him when he said I could start my own online business even if I didn't have an idea.  Spent 2K on his Zero To Launch course for a bunch of scammy sounding material on how to start an online business which I've done nothing with because I still don't have an idea...
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: stoaX on February 20, 2017, 03:26:24 PM
Afuera:  love the tagline "The price of anything is the amount of life you exchange for it" - Henry David Thoreau.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: ringer707 on February 21, 2017, 07:32:57 AM
I switched to Geico car insurance 8 months ago and put the monthly payment on my credit card. When I spoke with the representative helping me, she just asked for my credit card for the payments. She didn't mention that there was a $5/mo fee for using a credit card. I know it's only $40, but I wouldn't have done it had I known there was an additional fee tacked on! Changed it yesterday so no more fees.

What's that new commercial? I think for cell phone service where the mom says "Oh god, we've got fees!" (like they're fleas). That's how I felt yesterday!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: plainjane on February 21, 2017, 08:10:34 AM
I had a $3 coupon for Bulk Barn if I spent $10.  I got a number of bags of things, and it rang up at $9.60 and I didn't want to hold up the line or get back into the line after buying something else.  I realized as I was walking out of the store that I could have just picked up a chocolate bar and come out ahead.

I still haven't called the cable company about the fact that we are now paying more than their advertised price on internet because the SO wants to figure out the perfect TV package for us.  This has been going on for over a year.

I still haven't dealt with our hot water heater rental almost two months after I saw that it was stupid to keep renting instead of buying something.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: eyePod on February 21, 2017, 08:21:56 AM
What if we avoided one?

We were on the fence about buying a house. Literally perfect one came up, but then they couldn't take a contingent offer. I thought about raiding our Roth's to get the down payment but my wife pulled me from the edge of the cliff. Usually I'm the one who doesn't get emotional too!

Looking at it though - we have many years before we really need to move, and even then, need is relative. We're going to have 3 kids in the house. We moved the 4/1.5 year old into the same room over the weekend, and the baby will have its own room in the fall.

In the long run, the extra 150k in a bigger house isn't that appealing. We love our neighbors, we love the community that a townhome provides (pool, walking trail, lots of shared space, not a lot of lawn maintenance)

Working from home more would improve things WAYYY more than a bigger house.

SO in the end, we're going to reno the kitchen. Will put in a new set of cabinets where none exist. Will upgrade all appliances and get some sort of nicer countertop. I think it'll come under 8k with a blend of our own work (installing and staining the new set of cabinets to match the existing ones, installing the appliances ourselves) and having the pros do the install on the countertops.

All in all - this new kitchen will bring us much needed counterspace and additional storage (win/win), and we'll have a large chunk of extra cash and up our retirement accounts as well. ON top of that, we'll also have our emergency-plus funds (old HVAC and furnace) which we want to replace but are riding out till they give up.

So we avoided a mistake and I feel wonderful knowing that I"m not looking for a stupid house. That is such a time waster.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MrsWolfeRN on February 21, 2017, 08:42:02 AM
Love this idea:
Quote from: kissthesky

link=topic=66867.msg1439605#msg1439605 date=1487545530
I get so mad when I make stupid money mistakes. I even keep track of it: last year I spent $1840 on things I should have spent $0 on. Most recently was $350 for the damage a broken pipe caused. After I paid the guy I realized it would have been 100% covered by my home warranty. Ugh. Goal for 2017: <$100 in stupid money mistakes by always thinking through things before reacting.

February: Our sump pump stopped working and we called the company who installed it. They said it was under warranty and would be replaced for free. They came, replaced it, and then charged my husband $300 , and gave him paperwork to send in for the warranty (I was not home for this). He called the manufacturer and they said the contractor had to bring in the broken one for it to be replaced. Of course they had taken it away with them. We could have just bought the same pump at Home Depot for half the price, so total loss $150. Sigh.

Also I threw out some moldy cheese and broke a light fixture cover, ~$10 for both.

Total $199 so far this year:
January $39- parking ticket
February $160
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: eyePod on February 21, 2017, 08:57:12 AM
In 2014, my fiancé (now DH) had been working in the oil field for about 6 months and we went from poor college couple to paychecks of >8K AFTER TAX.  Lifestyle inflation was real.  We bought loads of fancy electronics (PS4, TV, Sound System, etc.) and a 1 year old Mercedes C250 that we thought we were getting a great deal on since it was a dealership loaner with very low mileage. We planned on keeping it forever.  10K in depreciation and 2 years later we sold the car when my DH got laid off. Ugh.


In 2015, about a month before my mom sent me a link to MMM, I was feeling fed up with work and was looking for options to make passive income. FIRE wasn't even on my radar as possible.  I found Ramit Sethi and believed him when he said I could start my own online business even if I didn't have an idea.  Spent 2K on his Zero To Launch course for a bunch of scammy sounding material on how to start an online business which I've done nothing with because I still don't have an idea...

The Ramit one is hard. I know some people who know him personally (or at least did before he got huge), and he really means well. I don't think he's wrong though. What his stuff does require is LOADS of time. You can't just sit on it if you don't want to work at it, which makes sense. I guess it's hard for me to think of his stuff without having an idea. I have tons of ideas with no time.

Worst-case though, 2k on a mistake is tough to swallow but you'll understand that a course isn't the solution. It's a toolbox/methodology to help you avoid common obstacles. He's definitely wearing rose-colored glasses though.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: AnswerIs42 on February 22, 2017, 03:06:35 PM
I'm a little pissed off with myself.

I have a credit card, that I haven't got round to setting up a direct debit to pay it off automatically in full every month yet, so I've been paying it manually.

For November 2016, the balance on my card was £1355.46. Unfortunately when I paid it off, I went all number-dyslexic and actually paid off £1335.46 (£20 short).

That then meant, that because my card wasn't paid off in full that month, they could charge me interest on all of my purchases. So, for the sake of being £20 short, I got charged £19.33 interest for the month :(

The next month, I was going home for Christmas and I had to leave before my credit card statement arrived. No problem - I can just log into the website to check my balance. I do this, and schedule a payment for £317.12 to cover that month's purchases so far, and resolve not to use the credit card again in the next week or so.

Great. However, at that point I didn't know about the £19.33 interest I was going to get charged from the last month. So, my payment ended up being £19.33 short of paying off the card in full - so I get charged another £5.72 interest the next month!

Dammit, what a waste of money. I really should set up that direct debit...
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on February 22, 2017, 08:49:21 PM
I'm a little pissed off with myself.

I have a credit card, that I haven't got round to setting up a direct debit to pay it off automatically in full every month yet, so I've been paying it manually.

For November 2016, the balance on my card was £1355.46. Unfortunately when I paid it off, I went all number-dyslexic and actually paid off £1335.46 (£20 short).

That then meant, that because my card wasn't paid off in full that month, they could charge me interest on all of my purchases. So, for the sake of being £20 short, I got charged £19.33 interest for the month :(

The next month, I was going home for Christmas and I had to leave before my credit card statement arrived. No problem - I can just log into the website to check my balance. I do this, and schedule a payment for £317.12 to cover that month's purchases so far, and resolve not to use the credit card again in the next week or so.

Great. However, at that point I didn't know about the £19.33 interest I was going to get charged from the last month. So, my payment ended up being £19.33 short of paying off the card in full - so I get charged another £5.72 interest the next month!

Dammit, what a waste of money. I really should set up that direct debit...

Yes, do it!  If your credit card company reps are like mine, they will be REALLY confused that you want the card to automatically be paid in full on the due date every month, instead of just the minimum payment being made, but it is well worth the 15 minutes of convincing them this won't leave you in financial straits so that you don't have to deal with this again.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aspiringnomad on February 22, 2017, 09:38:48 PM
I switched to Geico car insurance 8 months ago and put the monthly payment on my credit card. When I spoke with the representative helping me, she just asked for my credit card for the payments. She didn't mention that there was a $5/mo fee for using a credit card. I know it's only $40, but I wouldn't have done it had I known there was an additional fee tacked on! Changed it yesterday so no more fees.

What's that new commercial? I think for cell phone service where the mom says "Oh god, we've got fees!" (like they're fleas). That's how I felt yesterday!

This is strange. Geico is my insurer, and I've been enrolled in auto payment using my credit card fee-free for a couple years now.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: ringer707 on February 23, 2017, 07:26:19 AM
I switched to Geico car insurance 8 months ago and put the monthly payment on my credit card. When I spoke with the representative helping me, she just asked for my credit card for the payments. She didn't mention that there was a $5/mo fee for using a credit card. I know it's only $40, but I wouldn't have done it had I known there was an additional fee tacked on! Changed it yesterday so no more fees.

What's that new commercial? I think for cell phone service where the mom says "Oh god, we've got fees!" (like they're fleas). That's how I felt yesterday!

This is strange. Geico is my insurer, and I've been enrolled in auto payment using my credit card fee-free for a couple years now.

Do you do the monthly autopay or every six months? Someone else told me there's no charge if you do it every six months. I've just always done monthly on paying for my auto insurance so I never even thought about it when setting it up that there might be fees for monthly since my last auto insurer didn't charge one.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on February 23, 2017, 07:27:38 AM
I've been shuffling some credit card balances around (left money in the market instead of paying them off, which is working out well at the moment). Those things change their MINIMUM payments all the time! I've gotten stung by one--wound up just paying the sucker off rather than enjoying that float to invest in the market--and just happened to notice another one on which I was $6 short for the month. Paid them $12 because I was so pissed off.

I've got about $9K built up on another card, which I expect to be interest free until May. I think I need to get proactive about where that balance will land now.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: AnswerIs42 on February 23, 2017, 01:07:49 PM
However, at that point I didn't know about the £19.33 interest I was going to get charged from the last month. So, my payment ended up being £19.33 short of paying off the card in full - so I get charged another £5.72 interest the next month!

Dammit, what a waste of money. I really should set up that direct debit...

Yes, do it!  If your credit card company reps are like mine, they will be REALLY confused that you want the card to automatically be paid in full on the due date every month, instead of just the minimum payment being made, but it is well worth the 15 minutes of convincing them this won't leave you in financial straits so that you don't have to deal with this again.

Now done! It took me all of five minutes, and I didn't even have to speak to them - just logged into my online account and set it up. Thanks for the push :)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on February 24, 2017, 07:17:35 AM
However, at that point I didn't know about the £19.33 interest I was going to get charged from the last month. So, my payment ended up being £19.33 short of paying off the card in full - so I get charged another £5.72 interest the next month!

Dammit, what a waste of money. I really should set up that direct debit...

Yes, do it!  If your credit card company reps are like mine, they will be REALLY confused that you want the card to automatically be paid in full on the due date every month, instead of just the minimum payment being made, but it is well worth the 15 minutes of convincing them this won't leave you in financial straits so that you don't have to deal with this again.

Now done! It took me all of five minutes, and I didn't even have to speak to them - just logged into my online account and set it up. Thanks for the push :)

Good job!  It's really nice that you could set it up online.  I've been able to do that with every other bill, but not that credit card.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MoonLiteNite on February 25, 2017, 02:42:46 AM
My biggest, and current one is still ongoing, even though i COULD change it.
I am fully investing into all tax shelter accounts as i can, but rather than putting any overflow into tax accounts, i am choosing to pay down my house first.

Math says it is better to invest, but i want that little peace of mind :D
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aspiringnomad on February 25, 2017, 12:55:10 PM
I switched to Geico car insurance 8 months ago and put the monthly payment on my credit card. When I spoke with the representative helping me, she just asked for my credit card for the payments. She didn't mention that there was a $5/mo fee for using a credit card. I know it's only $40, but I wouldn't have done it had I known there was an additional fee tacked on! Changed it yesterday so no more fees.

What's that new commercial? I think for cell phone service where the mom says "Oh god, we've got fees!" (like they're fleas). That's how I felt yesterday!

This is strange. Geico is my insurer, and I've been enrolled in auto payment using my credit card fee-free for a couple years now.

Do you do the monthly autopay or every six months? Someone else told me there's no charge if you do it every six months. I've just always done monthly on paying for my auto insurance so I never even thought about it when setting it up that there might be fees for monthly since my last auto insurer didn't charge one.

Every 6 months when I first set it up, now monthly. No fees either way.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: cookielover on February 25, 2017, 04:10:00 PM
My last kid left home for college already many months ago, and I still haven't got around to sell the car they used yet. I am too lazy.  I need to get my act together and get this done soon.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on February 27, 2017, 07:30:48 AM
cookielover, if you're near Charlotte, NC, my in-laws are looking for a car. What kind is it?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on March 02, 2017, 08:05:58 AM
Oy, I was going to post in http://forum.mrmoneymustache.com/ask-a-mustachian/what-small-things-did-you-do-today-to-save-money   but I think this deserves to be called a money mistake.

Mr. Poundwise and I have separate credit card accounts, and up until this year I indulgently gave him the illusion of autonomy by not looking at his statements.  This resulted in a $500-$1200 hole in my budgeting monthly.  Recently, I asked for and got the password to his accounts. Nothing surprising to see in the purchases... the occasional grocery run, his Netflix subscription,  a cheap lunch at the cafeteria, some reimbursable work expenses, Christmas shopping. However, today I noticed that he had over 48,000 reward points.  As far as I can tell, he's used his points three times on car rentals for our infrequent family vacations, but I wanted to know what else they were good for, so I did some further probing.

It turns out that he has been letting between 500-1200 points expire each and every month!  Considering that he has had this card since something like 1990, can you imagine the amount of gift cards etc. we could have gotten??  Probably over $3000!!  I promptly purchased $400 worth of gift cards, still leaving him with $100 worth of points if he wishes to exercise autonomy.

^&*%%*&  money monks (https://www.moneyharmony.com/moneyharmony-quiz/show-all-types)!!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MountainFlower on March 02, 2017, 02:15:37 PM
I forgot to tuck the gas grill back into it's corner on our deck.  The wind blew it across the deck and into the $750 DeWalt Miter saw knocking it to the ground.  Both are destroyed.  The winds are my house are wicked, close to 100 mph some nights. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on March 03, 2017, 12:50:09 AM
I forgot to tuck the gas grill back into it's corner on our deck.  The wind blew it across the deck and into the $750 DeWalt Miter saw knocking it to the ground.  Both are destroyed.  The winds are my house are wicked, close to 100 mph some nights.

Sorry for you. Everyone makes a mistake from time to time, but this was a hard punishment for a mistake.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on March 03, 2017, 07:22:43 AM
I forgot to tuck the gas grill back into it's corner on our deck.  The wind blew it across the deck and into the $750 DeWalt Miter saw knocking it to the ground.  Both are destroyed.  The winds are my house are wicked, close to 100 mph some nights.

Sorry for you. Everyone makes a mistake from time to time, but this was a hard punishment for a mistake.

So true!  Is there no hope to fix either?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MountainFlower on March 06, 2017, 02:09:10 PM
DH thinks that the saw might be okay.  The Grill, no way.  Totally destroyed.  The good news is that it was 15 years old and end of life due to multiple deteriorating parts. 

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on March 06, 2017, 02:44:09 PM
Ouch!! You might be able to find a good used grill though. I've noticed that typically people don't want to take their grills when they move.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on March 07, 2017, 01:39:39 AM
Ouch!! You might be able to find a good used grill though. I've noticed that typically people don't want to take their grills when they move.

We did bring along our grill when we moved. It was bought new, but a simple one and quite cheap. It works well.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aprilchem on March 07, 2017, 09:32:23 AM
Ugh, this one broke my heart.  Friends of my mom gave us about 30 lbs of venison roast, and my mom gave it to us when we were visiting.  When DH unpacked the van he somehow managed to unpack everything EXCEPT the bag that the venison was in, and it sat in the van long enough that it was no longer safe to use.  30 lbs of good meat wasted. :(
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: VladTheImpaler on March 08, 2017, 08:59:19 PM
Awww that breaks my heart too.
I actually just finished eating some venison sausage for dinner tonight. Had bits of cheddar cheese and jalepe o.
Couldn't heat it up super hot to kill all the bad stuff?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Rocket on March 08, 2017, 09:24:48 PM
A couple of years ago my checking account was drained to zero without me noticing.  The only reason I noticed was I should have had a couple of thousand in it.  Someone was writing checks all over town.  Not exactly sure how thats possible.  I was able to get most of it back by reporting the bogus checks to the bank.  All but the oldest charges to the tune of about $500.  Lesson learned, I now pay attention to every transaction that occurs, checks, credit card charges etc through personal capital.

Two oldies.  When I was in my twenties just out of college I lent two friends money, one 5k and one 2k.  Guess what? Neither made any attempt to pay me back?  How naive I was back then.  In hindsight it was a good lessen to learn. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: acepedro45 on March 08, 2017, 10:43:44 PM
We contributed the max to our Flexible Spending Account in 2016. It's a use it or lose it setup. We overestimated our 2016 expenses by $1,500. We can roll forward $500 of that, but we will be making an unwitting donation to the company of the remaining $1,000!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on March 08, 2017, 10:59:53 PM
Ouch!! You might be able to find a good used grill though. I've noticed that typically people don't want to take their grills when they move.

We did bring along our grill when we moved. It was bought new, but a simple one and quite cheap. It works well.

But you are not a typical person, Linda! You are a Mustachian. :)

I see a lot of gas grills on Craigslist.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: LAdria27 on March 09, 2017, 05:20:23 AM
Quote
1) 2012 I purchased $30k (the vast majority of my net worth at the time) in gold and silver. It has since dropped ~35-40% in value......I hold it to this day.

Not a mistake if you haven't sold yet and locked in the loss!


For my own mistake, I messed up while booking Xmas travel, didn't notice until 2 days before leaving and had to rebook last minute at Xmas prices. Lost about $500 sheerly through my own negligence.

I´ve also got 10 oz of gold + 300 oz of silver. Unlike you I bought it 3 months ago, and already made almost 1k$ profit. The thing is, It´s just working as a edge if everything goes bad, thats why I will never sell my PMS. I wouldnt invest in PMS with the mentality of reselling it down the road. Also, PM stackers mentality is very frugal if you ask me. I´d rather buy 1oz of silver than eat a fancy meal outside.

I know a lot of people who got "burn" in 2012, however it´s not a loss unless you sell it at loss.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: dodojojo on March 09, 2017, 07:48:19 AM
Lost $40 in tax free transportation fares.  A few years ago, I worked for a company that gave me $125 each monthly in transportation fees.  I would go to a train station kiosk each month and the amount would transfer to my card. When I left the company, I had $600 loaded onto 2 cards. This total lasted for 4 years as I only go into my current job's office once a week.

After the $600 finished, I found out that my current company won't give me transportation money (damnit!) but they do allow me to set aside money pre-tax.  So I set up $25 to be deducted each month from my paycheck.  I had trouble loading the money onto my card though. And compounded it by putting it off and not addressing it for a couple of months.  Turns out the loading the dough process had changed since 2011.  And more importantly, they instituted a 'use it or lose it' policy.  Since I procrastinated over 2 months, I lost the money I didn't use during that period.

It's always the procrastination! 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: dodojojo on March 09, 2017, 08:05:25 AM
My biggest money mistake was not investing properly after the 2009 crash.  I moved to a new job in 2008 which had gold plated benefits and 403B plans.  Being a good saver, I maxed out my annual contribution and the company matched at 6%. Being a lazy ass procrastinator, I selected cash as my investment while I worked out the time to research the investment options.  Well, I kinda took about 3 years to do the research.  Meanwhile, the market crashed in 2009 and I should have been nearly 100% in stock after the crash to buy low.  Instead my monthly contribution was going to a cash account.  It's not that I completely forgot about it, but once every blue moon, I would remember that I needed to move my investments from cash to stocks and then would...put it off.

It was only in a work meeting where the budget director talked about how the company was in good shape--due to buying shares at low prices after the crash--did it dawn on me what an idiot I had been.  That meeting took place just a few months if not weeks before I left the company.  At my next job, I invested wisely as quickly as I could but I think about the lost opportunity to buy low from 2009 to 2012 and cringe. I look at my current stash and imagine it would probably be 25-33% higher if I hadn't a been a lazy dolt.  It wasn't ignorance either, I had been a casual Boglehead for years so I have no excuse any than I'm a procrastinating fool.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MissPiggy on March 11, 2017, 04:22:30 AM
After successfully completing Dry February (no alcohol) and realising the enormous financial and health benefits, I went out this weekend and blew over $100 on drinks and to make it worse had a horrendous hangover the next day.

SO much regret.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on March 11, 2017, 10:44:30 AM
After successfully completing Dry February (no alcohol) and realising the enormous financial and health benefits, I went out this weekend and blew over $100 on drinks and to make it worse had a horrendous hangover the next day.

SO much regret.
All I can say is...wow, in a sad little voice.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MissPiggy on March 11, 2017, 03:51:12 PM
After successfully completing Dry February (no alcohol) and realising the enormous financial and health benefits, I went out this weekend and blew over $100 on drinks and to make it worse had a horrendous hangover the next day.

SO much regret.
All I can say is...wow, in a sad little voice.

That little sad voice is my liver and wallet speaking in unison :(
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: hiker_girl on March 12, 2017, 11:49:21 AM
I traveled overseas for work and forgot to cancel a dentist appointment.  I was charged an extra $30 during my next appointment.

I should have negotiated to have it waived, since I had been a patient of the practice for 5 years.  But they had just done me a favor (at my request, they extended my current visit to finish up a procedure, instead of making me return), so when I found out about the fee, I decided to cough it up. 

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on March 29, 2017, 03:36:55 PM
I screwed up changing the oil on my wife's car on Saturday. While I was driving up the ramps, I started to roll backwards. I overcompensated with the throttle and instead of driving up the ramps, I flung the ramp that was under the driver's side front wheel under the car. The one under the passenger side stayed under the wheel. I had my floor jack out in the garage and in a couple of minutes, I was able to get the car jacked up and get the ramps out from under the car. At first, everything seemed to be ok. Nothing appeared bent, dented, or cracked. It wasn't until I took the car out for a test drive after finishing the oil change that I noticed the steering wheel wasn't centered when driving straight. So instead of saving $35 bucks doing an oil change and tire rotation myself, I spent $100 on a wheel alignment.

Be careful people.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: jengod on March 29, 2017, 11:29:00 PM
I was informed last minute that I should provide cupcakes for an event tomorrow at the school. I tried to do this on my bicycle. I got exercise and got to see the beautiful moon and only felt like I was going to be killed once or twice, but cupcakes in a tiny bike basket was a terrible plan. $15 lost to us, but I left them neatly on the sidewalk (encased in their plastic shells) near a housing project and/or where people live in their cars. Maybe someone who needs extra calories will be able to make good use of them? I'll try again tomorrow with a car.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: stashgrower on March 31, 2017, 09:54:10 AM
Thought I removed the money I took out from the machine, but I didn't find that $20 afterwards. Could have been worse.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: ketchup on March 31, 2017, 10:08:15 AM
Meant to buy plane tickets the other day, forgot, and then when I went back to do it, the price had gone up by $100 (still the lowest for that leg).  Dammit.  Flights from Chicago going west tend to be stupid (mostly on the way back, at least true for Portland and SLC).
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on March 31, 2017, 10:50:04 AM
Meant to buy plane tickets the other day, forgot, and then when I went back to do it, the price had gone up by $100 (still the lowest for that leg).  Dammit.  Flights from Chicago going west tend to be stupid (mostly on the way back, at least true for Portland and SLC).

Next time, delete your cookies and check prices again. This often gives different prices.
I feel for you, because I typically don't remember to do this either.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: ketchup on March 31, 2017, 11:01:30 AM
Meant to buy plane tickets the other day, forgot, and then when I went back to do it, the price had gone up by $100 (still the lowest for that leg).  Dammit.  Flights from Chicago going west tend to be stupid (mostly on the way back, at least true for Portland and SLC).

Next time, delete your cookies and check prices again. This often gives different prices.
I feel for you, because I typically don't remember to do this either.
I did that.  Different devices, different IPs, Incognito mode, the whole enchilada.  The price had simply changed across the board.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on March 31, 2017, 11:15:29 AM
So instead of saving $35 bucks doing an oil change and tire rotation myself, I spent $100 on a wheel alignment.

Be careful people.

Yowch!  I hate when DIY goes wrong.  But I bet that overall you've still saved huge amounts of money by doing your own auto maintenance.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Retire-Canada on March 31, 2017, 11:25:26 AM
Just converted $300K CAD of portfolio that was in VUN [US stocks in CAD] to VTI [US stocks in USD] in my RRSP using Norbert's Gambit. That will save me ~$1620/yr CAD in fees and withholding taxes. The mistake was I've been paying that amount the the last few years by not doing it. Lesson learned. Better late than never.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on March 31, 2017, 05:56:44 PM
So instead of saving $35 bucks doing an oil change and tire rotation myself, I spent $100 on a wheel alignment.

Be careful people.

Yowch!  I hate when DIY goes wrong.  But I bet that overall you've still saved huge amounts of money by doing your own auto maintenance.

True. It was a scary moment thought. A lot of auto work is pretty easy to do, but it can be awkward without a real lift. I'll be much more careful the next time I drive up my ramps.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: APowers on April 01, 2017, 10:21:56 PM
So instead of saving $35 bucks doing an oil change and tire rotation myself, I spent $100 on a wheel alignment.

Be careful people.

Yowch!  I hate when DIY goes wrong.  But I bet that overall you've still saved huge amounts of money by doing your own auto maintenance.

True. It was a scary moment thought. A lot of auto work is pretty easy to do, but it can be awkward without a real lift. I'll be much more careful the next time I drive up my ramps.

I've always used a jack and jackstands, so happily have never had this experience. Sometimes I've used the sidewalk curb (drive one front wheel up on the curb-- gives just enough space to shimmy under and take care of business). Some vehicles required no lift at all (my '71 VW Beetle with it's oil drain so close to the bumper, my giant Dodge van, etc.)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mies on April 02, 2017, 01:03:27 AM
So instead of saving $35 bucks doing an oil change and tire rotation myself, I spent $100 on a wheel alignment.

Be careful people.

Yowch!  I hate when DIY goes wrong.  But I bet that overall you've still saved huge amounts of money by doing your own auto maintenance.

True. It was a scary moment thought. A lot of auto work is pretty easy to do, but it can be awkward without a real lift. I'll be much more careful the next time I drive up my ramps.

I've always used a jack and jackstands, so happily have never had this experience. Sometimes I've used the sidewalk curb (drive one front wheel up on the curb-- gives just enough space to shimmy under and take care of business). Some vehicles required no lift at all (my '71 VW Beetle with it's oil drain so close to the bumper, my giant Dodge van, etc.)

Our Fits are a little too low to the ground to pull off driving on to a curb. I've never had issues driving up ramps before. I just had some bad luck that day.

Our garage floor is kind of busted up so I prefer to not be under the car when it is up on the stands. I try to just use the stands when I need access the brakes or rotate tires.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: BlueHouse on April 03, 2017, 09:50:27 AM
When I was buying my now-house (from the developer), I was biding my time and stretching things out as long as possible (construction wasn't set to occur for a year).  One Friday, the sales people told me I really needed to sign the documents and put down my deposit, but they had been holding it for me for a few months already anyway, I thought they would continue to do so.  Even when the assistant said to me "you really should sign today", I didn't take the hint. 

The following Monday, all the available homes increased in price by $10k.  Ouch. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: marty998 on April 14, 2017, 06:04:11 AM
Ok I didn't lose $10k like the previous poster. But I'm still embarrassed about f'ing up.

Paid 4 bills today and I accidentally forgot to future date 1 of them for May 12th.

So $473 cash went out of my bank account 28 days early..costing me $1.60 in interest not saved on a mortgage instead.

I know it's not much but it's still eating me up 10 hours later. Need to remind myself that it's a good thing I had access to almost $500 early and not be stretched.

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Jaayse on April 14, 2017, 06:44:20 AM
I have two mistakes that are bothering me right now.

- I have an annual subscription to match.com that occurred right before I left for deployment, I should have called and asked them to take the payment off and cancel service.  I was too stressed at the time to deal with arguing, so I left it figuring I could cancel upon return and see if I could still get rid of it.  Due to my idiocy, match.com charged me again, unexpectedly a month or so ago.  Since I'm on deployment and hadn't been on land in months and no other subscriptions, I did not check my card until I had already accrued a $25 late fee and interest for two months.  Now I have to try to argue two subscription payments and have tried to talk to the credit card company from overseas while signing myself up for the SCRA.

- I should have started using my TSP 4 years ago... yes, stupid I know.  I had an IRA prior to joining the military, so I continued contributing to it.  I didn't like the idea of not being able to access my money until 59.5, so I didn't do more than the max on my traditional IRA of 5,500.  After getting mustachian in the past few months, I found out I could have contributed to both and just how good of a deal the TSP is.  Again, due to being on deployment, I was unable to set up an account in time to contribute for 2016 in a lump sum although I still had time.  The only way to contribute in a lump sum is to sign in with your account number, and the only way to get an account number is to sign up for the TSP and wait for a letter to be mailed to you.  All my mail is currently being delivered to my parents and it would not arrive in time.  I did however sign up for a 10% allotment to a Roth TSP that won't start until May 1st.  I will adjust as necessary to max once I know how much I need in a traditional TSP to drop me to the 15% bracket.

Ugh, I still feel horrible just talking about these.  If only I had put in the effort...
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: ketchup on April 14, 2017, 07:45:22 AM
Changing out coolant temperature sensor in my car last weekend.

Not much room in there, had to remove the air intake to get to it.  Finagled the old one out, but broke the electrical connection on the new one as I was tightening it in. -_- I'll try again this weekend.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: BlueHouse on April 14, 2017, 01:36:21 PM
Ok I didn't lose $10k like the previous poster. But I'm still embarrassed about f'ing up.

Paid 4 bills today and I accidentally forgot to future date 1 of them for May 12th.

So $473 cash went out of my bank account 28 days early..costing me $1.60 in interest not saved on a mortgage instead.

I know it's not much but it's still eating me up 10 hours later. Need to remind myself that it's a good thing I had access to almost $500 early and not be stretched.

You are allowed to post-date checks?  And the vendor will honor a post-dated check?  If we do it in the states, you can expect your check to be cashed just as if it had today's date on it. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Retire-Canada on April 14, 2017, 01:57:53 PM
You are allowed to post-date checks? 

You can't cash a post-dated cheque at my bank until the date in question. I have a client who pays me by cheque and often hands it to me before the end of the month, but dates it for the last day in the month. I have to be careful I don't fire it into the ATM too early or it gets kicked back to me by the bank.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on April 14, 2017, 02:49:43 PM
Ok I didn't lose $10k like the previous poster. But I'm still embarrassed about f'ing up.

Paid 4 bills today and I accidentally forgot to future date 1 of them for May 12th.

So $473 cash went out of my bank account 28 days early..costing me $1.60 in interest not saved on a mortgage instead.

I know it's not much but it's still eating me up 10 hours later. Need to remind myself that it's a good thing I had access to almost $500 early and not be stretched.

You are allowed to post-date checks?  And the vendor will honor a post-dated check?  If we do it in the states, you can expect your check to be cashed just as if it had today's date on it.

Direct deposit scheduled through internet banking.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: marty998 on April 14, 2017, 03:06:50 PM
Ok I didn't lose $10k like the previous poster. But I'm still embarrassed about f'ing up.

Paid 4 bills today and I accidentally forgot to future date 1 of them for May 12th.

So $473 cash went out of my bank account 28 days early..costing me $1.60 in interest not saved on a mortgage instead.

I know it's not much but it's still eating me up 10 hours later. Need to remind myself that it's a good thing I had access to almost $500 early and not be stretched.

You are allowed to post-date checks?  And the vendor will honor a post-dated check?  If we do it in the states, you can expect your check to be cashed just as if it had today's date on it.

Some education in this post is required.... it wasn't paid by check, but was paid by a special type of EFT.

Down here there's an online billing system run by the banks called BPAY ... started in 1997 and was set up by the 4 major banks in Australia.

The way it works is that each biller - insurance companies, utilities, government, but has been extended now to any corporate vendor, is allocated a unique 4-6 digit code which identifies them in the Payment System (we don't have original names in the banking system - the whole electronic funds transfer architecture connecting all financial institutions is simply called "The Payments System")

On your bill, you are personally allocated a unique Customer Reference Number code by the vendor which is listed on your bill and identifies you as the customer who is paying the bill.

You then simply login into your internet banking with your bank, type in the Biller Code and CRN and make your payment electronically - in the same manner as an EFT with SWIFT/acc number details.

The biller on the other end receives on their end a bulk credit from their bank 1-2 days later for all the people who paid bills on that day.

They also get a file listing all of the individual credits and CRNs so they can match and reconcile automatically with their receipting / billing system and identify you as having paid your particular bill.

This works better than EFT, because EFT credits to an account more than likely need to be manually matched off by a human accountant if reference details haven't been filled out optimally by the customer.

Of course, my fuck up was not scheduling payment to be deducted on the due date but rather paying it immediately.

https://www.bpay.com.au/About-BPAY/Overview.aspx
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on April 14, 2017, 03:15:47 PM
Ok I didn't lose $10k like the previous poster. But I'm still embarrassed about f'ing up.

Paid 4 bills today and I accidentally forgot to future date 1 of them for May 12th.

So $473 cash went out of my bank account 28 days early..costing me $1.60 in interest not saved on a mortgage instead.

I know it's not much but it's still eating me up 10 hours later. Need to remind myself that it's a good thing I had access to almost $500 early and not be stretched.

You are allowed to post-date checks?  And the vendor will honor a post-dated check?  If we do it in the states, you can expect your check to be cashed just as if it had today's date on it.

Some education in this post is required.... it wasn't paid by check, but was paid by a special type of EFT.

Down here there's an online billing system run by the banks called BPAY ... started in 1997 and was set up by the 4 major banks in Australia.

The way it works is that each biller - insurance companies, utilities, government, but has been extended now to any corporate vendor, is allocated a unique 4-6 digit code which identifies them in the Payment System (we don't have original names in the banking system - the whole electronic funds transfer architecture connecting all financial institutions is simply called "The Payments System")

On your bill, you are personally allocated a unique Customer Reference Number code by the vendor which is listed on your bill and identifies you as the customer who is paying the bill.

You then simply login into your internet banking with your bank, type in the Biller Code and CRN and make your payment electronically - in the same manner as an EFT with SWIFT/acc number details.

The biller on the other end receives on their end a bulk credit from their bank 1-2 days later for all the people who paid bills on that day.

They also get a file listing all of the individual credits and CRNs so they can match and reconcile automatically with their receipting / billing system and identify you as having paid your particular bill.

This works better than EFT, because EFT credits to an account more than likely need to be manually matched off by a human accountant if reference details haven't been filled out optimally by the customer.

Of course, my fuck up was not scheduling payment to be deducted on the due date but rather paying it immediately.

https://www.bpay.com.au/About-BPAY/Overview.aspx

Well, if you want to get technical about it. :)

I thought my explanation was fine. :P
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: marty998 on April 14, 2017, 03:17:36 PM
Yes... I got a little carried away there....

Haha
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: BlueHouse on April 14, 2017, 05:30:15 PM

Some education in this post is required.... it wasn't paid by check, but was paid by a special type of EFT.

Ah, of course! I don't know why that didn't occur to me.   Thanks!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on April 15, 2017, 03:05:38 AM
Today in the grocery store. I seldomshop there because it is not en route. But know I needed an article only they have and went to buy a goid number of that article plus my other groceries. Some months ago this shop introduced a discount system and I did register my bankcard on their app. But not my cashback credit card, because the app didn't support credit cards. Now, months later, I shopped their for the first time since the discount system and paid with med cash back CC, as I shop all groceries elsewhere. When finished I remembered the discount, but it coulnd't be changed afterwards. I had not remebered to use the correct card. :-(
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on April 15, 2017, 05:34:44 AM
Now, months later, I shopped their for the first time since the discount system and paid with med cash back CC, as I shop all groceries elsewhere. When finished I remembered the discount, but it coulnd't be changed afterwards. I had not remebered to use the correct card. :-(
Oh, I hate when that happens!  You're not the only one who makes that mistake!

 Jaayse, at least you are fixing your mistakes and will be saving in future.

And ketchup, good luck on the second try on fixing the sensor!  It reminds me of the time I installed a new SSD hard drive in a Macbook and accidentally broke the cables connecting the camera and Wifi. Although in some ways that experience might have helped me recently in replacing the display on my current Macbook.  (Come to think of it, I wonder if I can take cables from the shattered display I recently replaced and put them in the old laptop to fix the wifi??? Hmmm.... this would make my kids pretty happy)

My most recent mistake has been ongoing for years.  I neglected to open a savings account for my younger kids, so we just kept their cash lying around.  It was because I kept meaning to find a credit union (better interest than Chase) but never found the time. We FINALLY opened up accounts for them last week. Not only could they have gotten interest, but the credit union gives each kid $10 on their birthday. I did not point out to my son that I owe him $80 plus compounded interest...

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Brother Esau on April 15, 2017, 07:48:45 AM
Our grocery store had packages of 4 chicken quarters for $2.10. Better yet, they were buy 1 get 2 free. DW and I were like, hmmm....let's think about it. Went back a few hours later to buy them and they were all gone. Still kicking myself.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: BlueHouse on April 19, 2017, 09:06:37 AM
I bought furniture for looks rather than for comfort.  Now I'm going to be buying new furniture and putting the old on craigslist.  Between what I get rid of and what I buy, it will probably end up costing me between $3k and $20k.  I won't be able to recoup the cost of many of the more expensive pieces, so I'm debating whether to release them or just suck it up and keep them.  As it is, I've probably sat on my couch 2 times in the past year because it's so darn uncomfortable. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on April 19, 2017, 11:29:22 AM
I bought furniture for looks rather than for comfort.  Now I'm going to be buying new furniture and putting the old on craigslist.  Between what I get rid of and what I buy, it will probably end up costing me between $3k and $20k.  I won't be able to recoup the cost of many of the more expensive pieces, so I'm debating whether to release them or just suck it up and keep them.  As it is, I've probably sat on my couch 2 times in the past year because it's so darn uncomfortable.

If it is unsittable, you are right to sell it, even if you never get back the price. But next time, always try a sofa before buying. The most important aspect for a sofa or chair should be comfortable sitting.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: tyort1 on April 19, 2017, 11:41:33 AM
I have old furniture that's pretty worn that I refuse to get rid of, because its finally comfortable!  Haha, only half kidding there.  But yes, I also bought for looks, but I would never do that again. 

In fact, I like having worn looking furniture because I'm not always on pins & needles trying to keep it looking 'nice'.  If my daughter wants to do dance moves on the back of the couch, or jump around doing play sword fighting, well that's gonna happen!  And I don't give a single thought to "oh, don't mess up the furniture". 

Not caring about that type of stuff has let me form closer bonds with my daughter and made all of us more comfortable in our own home.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on April 19, 2017, 07:14:39 PM
I bought furniture for looks rather than for comfort.  Now I'm going to be buying new furniture and putting the old on craigslist.  Between what I get rid of and what I buy, it will probably end up costing me between $3k and $20k.  I won't be able to recoup the cost of many of the more expensive pieces, so I'm debating whether to release them or just suck it up and keep them.  As it is, I've probably sat on my couch 2 times in the past year because it's so darn uncomfortable.

If it is unsittable, you are right to sell it, even if you never get back the price. But next time, always try a sofa before buying. The most important aspect for a sofa or chair should be comfortable sitting.

Not just sitting.

I picked my couch based on what would be comfy to nap - I mean, um, read - on. Big, soft, flat arms FTW.

Last time I went furniture shopping with a friend, she was primly sitting on couches like she was in church. Nooo, you have to tip yourself into it from two steps away, like you do at home.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: 11ducks on April 20, 2017, 12:42:41 AM
$243 speeding fine. I never speed! But it was the morning of my wedding, and i was driving on a multi lane deserted highway at 5am, managed to go 13km over the limit at some point (in front of a speed camera obvs). Grrr, so angry with myself- that's almost a weeks worth of savings wasted because of my distraction / stupidity!!'
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on April 20, 2017, 02:35:04 PM
Forgot my selfmade lunch at home. Had to buy lunch at the office.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on April 24, 2017, 09:00:35 AM
I packed a "lunch" for myself at work to bring to the airport so I wouldn't buy airport food. And I forgot it.

On top of that, the only UBER in the area was an "UBER black", so I rolled into the terminal in a cadillac escalade, paying 2.5X for the ride compared to a normal uber.

I ought to just find some boxing gloves on craigslist for when you guys come around to face-punch me.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: tyort1 on April 24, 2017, 09:13:04 AM
I packed a "lunch" for myself at work to bring to the airport so I wouldn't buy airport food. And I forgot it.

On top of that, the only UBER in the area was an "UBER black", so I rolled into the terminal in a cadillac escalade, paying 2.5X for the ride compared to a normal uber.

I ought to just find some boxing gloves on craigslist for when you guys come around to face-punch me.

That's funny! Normal people would be all 'yeah, got to ride in an Escalade'.  MMMers are embarrassed to ride in one.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: marielle on April 24, 2017, 10:25:05 AM
I packed a "lunch" for myself at work to bring to the airport so I wouldn't buy airport food. And I forgot it.

On top of that, the only UBER in the area was an "UBER black", so I rolled into the terminal in a cadillac escalade, paying 2.5X for the ride compared to a normal uber.

I ought to just find some boxing gloves on craigslist for when you guys come around to face-punch me.

That's funny! Normal people would be all 'yeah, got to ride in an Escalade'.  MMMers are embarrassed to ride in one.

Similarly I would be pretty embarrassed to show up to work in a new car. Maybe because everyone else here doesn't make very much and the car would be more than their entire year's pay. There are a few expensive trucks though, people are crazy about their trucks in the rural south. But no one drives any nice sports cars or luxury cars.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: secondcor521 on April 24, 2017, 06:35:29 PM
I packed a "lunch" for myself at work to bring to the airport so I wouldn't buy airport food. And I forgot it.

On top of that, the only UBER in the area was an "UBER black", so I rolled into the terminal in a cadillac escalade, paying 2.5X for the ride compared to a normal uber.

I ought to just find some boxing gloves on craigslist for when you guys come around to face-punch me.

As penance you'd have to get the boxing gloves off freecycle ;-)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: jengod on April 24, 2017, 09:05:53 PM
Spent $50 on four blinky LED lights for my kids' bikes while buying a helmet for the big kid a few weeks ago.

Discovered that I could have got the same four lights for $6 at Daiso (Japanese dollar store) if I knew what I was doing.

Oh well.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Step37 on April 24, 2017, 09:50:38 PM
Got TWO photo radar tickets in the first week of April (first time in years, but man was I pissed off). $149 and $120... saw the flash on the one day, but had already been nabbed two days before, so the second one was quite the unhappy surprise.

It's even more embarrassing because I drive this road every.single.day, and have for years. I now know where the 90 km/h zone starts... good grief. Facepalm.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MrsWolfeRN on May 03, 2017, 08:42:21 AM
Doing well lately. No mistakes in March that I remember. In April I let about $5 worth of food go bad. Also I missed out on some deals because of running out of printer ink (hard to quantify this one, because similar deals will come again later). So far in May all I have done is forget to hand over a .55 coupon. I am at about $206 for the year.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on May 03, 2017, 09:41:48 AM
Great job for March and April, MrsWolfeRN!  I forgot a $1 coupon yesterday, but I managed to catch myself and fix it at the customer service counter.

Sorry about the tickets, 11ducks and Step37. :(

I am going to come clean about the biggest mistake that I have been ignoring. Back in 2015, I was working on the website of a very picky client. He and his marketing director changed their minds constantly on design, wanted new features, could not figure out how to upload new data and wanted me to do it for them, wanted last minute emergency changes on weekends and holidays, etc. As a result, we ended up going $11K over budget despite warnings. Of course they were shocked when they got the bill in early 2016, and said they wanted to dispute it, but needed time to go through it as they were just entering their busy season.  At that time, I was quitting work because I had to care for my father (who eventually died.)

However, I have not pursued the matter since and every time I think of it I get stressed out. Don't know if I will ever get paid.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on May 05, 2017, 11:58:21 PM
I am going to come clean about the biggest mistake that I have been ignoring. Back in 2015, I was working on the website of a very picky client. He and his marketing director changed their minds constantly on design, wanted new features, could not figure out how to upload new data and wanted me to do it for them, wanted last minute emergency changes on weekends and holidays, etc. As a result, we ended up going $11K over budget despite warnings. Of course they were shocked when they got the bill in early 2016, and said they wanted to dispute it, but needed time to go through it as they were just entering their busy season.  At that time, I was quitting work because I had to care for my father (who eventually died.)

However, I have not pursued the matter since and every time I think of it I get stressed out. Don't know if I will ever get paid.

That's a difficult situation.

Do you get stressed at the thought of never getting paid, or stressed at the thought of starting the awkward process of trying to recoup your money?

You're well within your rights pursue this. Send another invoice, then escalate it from there.

They owe you the money. If you are willing to negotiate on the price then you might get paid quicker, but I don't think you should shy away from pursuing it.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Erma on May 06, 2017, 12:42:23 AM
Didn't read the leaflet at the grocery store fast enough. So my boyfriend paid the groceries before I detected a whole lot of coupons in the leaflet. Fortunately, they are still valid next week, but to use them two weeks in a row would have been better.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Step37 on May 06, 2017, 12:45:55 AM
I am going to come clean about the biggest mistake that I have been ignoring. Back in 2015, I was working on the website of a very picky client. He and his marketing director changed their minds constantly on design, wanted new features, could not figure out how to upload new data and wanted me to do it for them, wanted last minute emergency changes on weekends and holidays, etc. As a result, we ended up going $11K over budget despite warnings. Of course they were shocked when they got the bill in early 2016, and said they wanted to dispute it, but needed time to go through it as they were just entering their busy season.  At that time, I was quitting work because I had to care for my father (who eventually died.)

However, I have not pursued the matter since and every time I think of it I get stressed out. Don't know if I will ever get paid.

That's a difficult situation.

Do you get stressed at the thought of never getting paid, or stressed at the thought of starting the awkward process of trying to recoup your money?

You're well within your rights pursue this. Send another invoice, then escalate it from there.

They owe you the money. If you are willing to negotiate on the price then you might get paid quicker, but I don't think you should shy away from pursuing it.

Couldn't have said it better, mpgh! Poundwise, if you need some ideas about how to approach them/wording an email, I'm sure this community would be pleased to offer some. I think you'll feel a sense of relief in taking the first step. I am guilty of putting off unpleasant and uncomfortable tasks as well, so I completely understand your predicament.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on May 08, 2017, 01:36:40 AM

I am going to come clean about the biggest mistake that I have been ignoring. Back in 2015, I was working on the website of a very picky client. He and his marketing director changed their minds constantly on design, wanted new features, could not figure out how to upload new data and wanted me to do it for them, wanted last minute emergency changes on weekends and holidays, etc. As a result, we ended up going $11K over budget despite warnings. Of course they were shocked when they got the bill in early 2016, and said they wanted to dispute it, but needed time to go through it as they were just entering their busy season.  At that time, I was quitting work because I had to care for my father (who eventually died.)

However, I have not pursued the matter since and every time I think of it I get stressed out. Don't know if I will ever get paid.

I have been in that exact situation as well. Luckily it wasn't my own wallet, but my employer's. In the end I was able to invoice all the hours they had called me in extra to be present in meetings here and there. But not all extra development hours. One solution would have been to inform them much earlier that the budget was to get busted.

For next time:
My husband told me what he does with this kind of customers. When they ask you to do extra work, you send a confirming email that you will do the extra work for x amount. If they don't fight that email within a week, this will will be a valid base for an invoice. This way you don't need to make them sign things before doing the change and you don't need to make a big flight afterwards.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on May 12, 2017, 12:54:25 PM
Thank you so much, everyone.  I actually do have a number of emails where the client says he will pay for X, Y, and Z so at least I should invoice those... though unfortunately not for all work. We do have a contract so I have to go through all our hundreds of emails from a 6 month period and figure out the point at which the contract was filled.  One issue is that I was under such pressure to produce rapid results that I did not have time to think most of the time.

The $11K is AFTER discounts and many freebies.  If I charged for every little thing it would have been $14K.

The client can be very in your face... apparently he called my colleague and swore and screamed at him when he got our invoices. I shouldn't be afraid, but I need time to go through my files so that I have my facts straight... it will take many hours and of course I have been putting it off. Yeah, gotta take care of it...

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on May 12, 2017, 06:39:50 PM
Didn't read the leaflet at the grocery store fast enough. So my boyfriend paid the groceries before I detected a whole lot of coupons in the leaflet. Fortunately, they are still valid next week, but to use them two weeks in a row would have been better.

At Wegmans, my mother will take up the coupons and her receipt to the service counter and have them refund the coupons that she forgot to use.  Will your grocery store do that?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mustachepungoeshere on May 12, 2017, 07:20:54 PM
My husband dropped an almost-full jar of Vegemite and it shattered on the kitchen floor. It was an accident but even he said, "Damn, there goes $6."
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MrsWolfeRN on May 13, 2017, 06:53:24 PM
Gah, tried to turn on the outside taps today and realized we forgot to drain them out after shutting off the water. One just needs the faucet replaced which should be easy enough, but the other one has a copper pipe running under a deck that is leaking in several places. Hubby won't be able to fit under there, and I am 4 months pregnant so I will have to learn how to cut and solder pipe before my belly gets too big. Not sure what the monetary cost will be yet. I can do without the tap if I have to, I would just need to run a longer hose to my garden.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Blackeagle on May 13, 2017, 07:17:59 PM
I paid $50 for them to tell me the gas cap is having issue. They suggested I buy a new gas cap. I declined the service, tightened the gas cap, and went on my way. The check engine light went away.

Been there, done that.  I feel for you.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on May 14, 2017, 07:36:30 AM
Thank you so much, everyone.  I actually do have a number of emails where the client says he will pay for X, Y, and Z so at least I should invoice those... though unfortunately not for all work. We do have a contract so I have to go through all our hundreds of emails from a 6 month period and figure out the point at which the contract was filled.  One issue is that I was under such pressure to produce rapid results that I did not have time to think most of the time.

The $11K is AFTER discounts and many freebies.  If I charged for every little thing it would have been $14K.

The client can be very in your face... apparently he called my colleague and swore and screamed at him when he got our invoices. I shouldn't be afraid, but I need time to go through my files so that I have my facts straight...it will take many hours and of course I have been putting it off. Yeah, gotta take care of it...
I think once you buckle down to do this, it will take far less time than you fear.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on May 14, 2017, 09:26:43 AM
Gah, tried to turn on the outside taps today and realized we forgot to drain them out after shutting off the water. One just needs the faucet replaced which should be easy enough, but the other one has a copper pipe running under a deck that is leaking in several places. Hubby won't be able to fit under there, and I am 4 months pregnant so I will have to learn how to cut and solder pipe before my belly gets too big. Not sure what the monetary cost will be yet. I can do without the tap if I have to, I would just need to run a longer hose to my garden.

Ugh! We made this same mistake this winter =( In my defense, we're not really used to freezing weather around here, haha.

Good luck with your copper adventures!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on May 15, 2017, 09:39:48 AM
Gah, tried to turn on the outside taps today and realized we forgot to drain them out after shutting off the water. One just needs the faucet replaced which should be easy enough, but the other one has a copper pipe running under a deck that is leaking in several places. Hubby won't be able to fit under there, and I am 4 months pregnant so I will have to learn how to cut and solder pipe before my belly gets too big. Not sure what the monetary cost will be yet. I can do without the tap if I have to, I would just need to run a longer hose to my garden.

Ugh! We made this same mistake this winter =( In my defense, we're not really used to freezing weather around here, haha.

Good luck with your copper adventures!

Try using a "Sharkbite" if you don't really want to learn how to solder.  Also, after having repaired our deck, I realize that it is not too hard to pry up boards and replace/rescrew them in again.  See if your husband can do that so that pregnant you doesn't have to wiggle under the deck.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Trudie on May 15, 2017, 09:45:04 AM
I just feel like we've been a little loose with discretionary income.  Went out yesterday with friends (not Mom) for Mother's Day and had a really average brunch for $47 for two people.   I could have made a decent quiche with fruit and even had some bubbly at home and hosted.  I find that I'm enjoying eating out less and less because so much of the food is average.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: JustGettingStarted1980 on May 15, 2017, 10:07:13 AM
Miscalculated my end of year bonus. This led to not funding both my Roth IRA's 11K until May (instead of January). That means I lost about 10% in Equity gains, or about $500 cash.  It is unlikely that Ill make this mistake again.

JGS
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: HipGnosis on May 15, 2017, 12:15:23 PM
Local grocery store flyer has a bunch of '10 for $10' items. 
There are a quite a few things I buy use and a couple of them are canned goods so I can stock up to get to 10 items.
I figured I'd grab a couple other things while I'm there - things Aldi's doesn't sell.  Figured I'd spend $14 - $18.50...
Spent $24.  The cheese curds and brand name flavored snack crackers got me...
 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Pipboy on May 15, 2017, 12:55:46 PM
I forgot that my 2016 FSA allowed claims to be submitted through April of 2017, but only for services provided in '16. For some reason I thought it could be used for services through April '17, so I forfeited about $700.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on May 16, 2017, 10:10:15 AM
Pipboy,  all may not be lost. Have you checked to see if your employer rolls over $500? If you are lucky, that $500 may appear added to your 2017 FSA. https://www.irs.gov/uac/newsroom/plan-now-to-use-health-flexible-spending-arrangements-in-2016-contribute-up-to-2550-500-carryover-option-available-to-many
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Pipboy on May 24, 2017, 05:24:07 PM
Kind of you to post that, but my plan does not offer it. I will own my mistake and move on!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Erma on May 25, 2017, 05:31:38 AM
Not me, but my boyfriend. He locked an insurance contract for 10 years so we now cannot change the insurance for another 6 years even though everything has changed and it probably gets even pricier.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on May 25, 2017, 10:14:52 AM
I just feel like we've been a little loose with discretionary income.  Went out yesterday with friends (not Mom) for Mother's Day and had a really average brunch for $47 for two people.   I could have made a decent quiche with fruit and even had some bubbly at home and hosted.  I find that I'm enjoying eating out less and less because so much of the food is average.
I could have written this myself. True that.

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: nouveauRiche on May 25, 2017, 11:23:09 AM
I just feel like we've been a little loose with discretionary income.  Went out yesterday with friends (not Mom) for Mother's Day and had a really average brunch for $47 for two people.   I could have made a decent quiche with fruit and even had some bubbly at home and hosted.  I find that I'm enjoying eating out less and less because so much of the food is average.
I could have written this myself. True that.

+1

Even when we use gift cards in restaurants I don't really enjoy it as much as I used to.  I think "I like my cooking better."
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Jenny1974 on May 25, 2017, 12:10:57 PM
My most recent money mistake?  Letting DH talk me into much more car than needed.  He's a saleman . . . so he knows how to appeal to my inner need to do what makes sense . . . even if what he's suggesting really shouldn't make sense.

The only thing that really gives me comfort is the fact that I will drive this car into the ground so I will get my money's worth out of it.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: stoaX on May 25, 2017, 02:26:24 PM
After 2 years of 9% rent increases I bought a house about 6 months ago.  The monthly payment is significantly lower than the rent when the principal portion of the payment is excluded.   But a series of slab leaks, appliance breakdowns and health insurance copays resulting from DIY projects makes the whole purchase of the house qualify as a money mistake.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: lizzzi on May 26, 2017, 03:24:05 PM
Have been reading on another thread how people don't need their Amazon Prime. I personally love Amazon Prime, and one item I get  there is my dog's poop bags. I was in the Petco--needed dog poop bags--couldn't remember how much they cost on Prime--so pulled the trigger and bought them in the brick and mortar, feeling very virtuous. No packaging and box, no fossil fuels used to get it to my apt., etc., etc. So I go home and check the same item on my Prime--it was half the price of  Petco! So I just threw away $12.00. Doh!

The moral, of course, is: Remember your prices. Don't just "guess" when shopping.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: jeromedawg on May 26, 2017, 03:53:57 PM
Wasted $174 to retrieve my car from an impound lot because I was parked for too long in front of the condo unit of my friendly neighbor, who I subsequently learned is a board member and can authorize towing and did so with my car. So I guess the mistake actually would have been back in 2007 when we decided to buy a place here....*facepalm*

Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: FIstateofmind on May 26, 2017, 04:48:10 PM
Bought some ice cream and cookies I wasn't supposed to buy. D: Oh well. It was like $6, but gah... i need to learn how to make healthier junk food at home.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Rowellen on May 26, 2017, 05:09:25 PM
I miscalculated my monthly grocery list as it turns out there are 5 shopping days instead of 4 this month. So I had to do a top up shop yesterday. Still under budget for the month though so that's a plus but it is only my first month of budgeting food. I feel I could do a lot better.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on May 29, 2017, 02:09:19 AM
When driving yesterday, noticing that fuel was cheap, we stopped at the first petrol station after the one where we noticed the cheap price in the first place. Just because I know of experience that sometimes prices go up again when we approach our house. But in this case, the next station was slightly cheaper and I missed out on a small amount. Still, the difference with more expensive fuel days is noticeable.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: kraken7 on May 29, 2017, 04:04:21 PM
Put off trying to apply my student health insurance to my medication after trying turned into a hell-fest last year and am only now actively working to sort out the mess and get it working. Worst part is I haven't taken advantage of this plan at ALL in my years at uni and now I'm close to graduating.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: yourusernamehere on May 29, 2017, 05:45:11 PM
Recently I've fallen into some kind of... Well, I call it my "beauty crisis." After years of not wearing makeup and mostly relying on soap and sunscreen for my skin care, in the last 3 months or so I've spent an absurd amount on cleansers, masks, scrubs, makeup, and even a spa facial. I'm certainly enjoying the nighttime skincare ritual, and we can afford it, but I don't need any of it. At least I've been using ebates and coupons, and this phase is over.

(My skin looks so bomb tho :-P )
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: lemonde on May 29, 2017, 07:59:21 PM
I'd really like a pair of $200 binoculars right now even though I don't know if I'd use them for astronomy for more than a couple of months. This is more of a temptation thing than a buying and regretting thing. For now. :D
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on May 30, 2017, 01:00:55 AM
I'd really like a pair of $200 binoculars right now even though I don't know if I'd use them for astronomy for more than a couple of months. This is more of a temptation thing than a buying and regretting thing. For now. :D

Look for a used one. You don't need to pay more than 50% of the new price.

If you might only use it for some months, could you perhaps rent one from someone you know?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: With This Herring on May 31, 2017, 10:09:36 AM
I'd really like a pair of $200 binoculars right now even though I don't know if I'd use them for astronomy for more than a couple of months. This is more of a temptation thing than a buying and regretting thing. For now. :D

Why binoculars instead of a telescope?  Are binoculars powerful enough to do you any good?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: engineermom21 on May 31, 2017, 10:20:03 AM
Husband is scheduled to have a procedure done at the end of the week.  It didn't even occur to me that our insurance is up for the year today until someone from their insurance office called us.  It would have been covered at 80% since we had already met our deductible for the year, but now we will have to pay whatever the full cost is.  DH already called and they can't fit him in today.

We obviously have the money to cover it, and it will get us well on the way to meeting our deductible for the next year, but I'm so mad at myself for not thinking about that when scheduling the appointment.  This is going to be a $1K+ mistake for us. Ugh!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: yourusernamehere on May 31, 2017, 04:17:59 PM
I'd really like a pair of $200 binoculars right now even though I don't know if I'd use them for astronomy for more than a couple of months. This is more of a temptation thing than a buying and regretting thing. For now. :D
I was able to get over my telescope temptation when I saw an article in Astronomy Magazine that showed clear nights per year by area of the US. Western New York has only 65 first nights per year on average - and I'm betting most of them are during the coldest months. Not sure where you are but maybe that same idea will help you :-) (sorry I couldn't find the article online)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Lady SA on May 31, 2017, 04:55:48 PM
A bit more than 2 years ago I refinanced my student loans, got a great rate. After DH got a raise, he was interested in refinancing his, and I suggested he go with the same company.
He did his research, shopped around at a few placed, ended up refinancing for a much lower rate at the same place, great! Good job all around, right??

Well, a month later I realized I could have "referred" him, and we BOTH would have gotten a $200 bonus from Earnest, the company we both refinanced with. Ugh.
*headdesk* I mean, we definitely saved money by refinancing so I can't be too annoyed, but I'm super mad that we would be $400 richer if I hadn't been dumb.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on June 01, 2017, 02:02:02 AM
I'd really like a pair of $200 binoculars right now even though I don't know if I'd use them for astronomy for more than a couple of months. This is more of a temptation thing than a buying and regretting thing. For now. :D
I was able to get over my telescope temptation when I saw an article in Astronomy Magazine that showed clear nights per year by area of the US. Western New York has only 65 first nights per year on average - and I'm betting most of them are during the coldest months. Not sure where you are but maybe that same idea will help you :-) (sorry I couldn't find the article online)

For a telescope this is relevant. But a binoculars (in a handy size) can be used during summer as well for bird watching or similar.
For telescopes: get a solar filter. :-) A Baader filter is a cheap option. I own 2 telescopes (bought before discovering MMM) and I can indeed only use them in the winter.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on June 01, 2017, 11:41:48 AM
I flew to TX (just me, no wife or kids) and packed a lunch for myself to eat on the plane so I wouldn't buy something.

Then--changing in Dallas on the return flight--I bought a $15 burger and $10 chocolate cake for the most opulent lunch I've had in a year or more. And now that I'm back at work, I went out for lunch today, too. I'm out of control!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on June 01, 2017, 02:05:02 PM
I sign up for a vision plan only every other year because usually I don't need a new prescription every year.  Well, forgot to go the eye doctor last year (when we paid), and now I need new glasses.  Plus, one of my children looks like he may need glasses...  Grrr. As my husband would say, "I outsmarted myself!"
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Better Late on June 02, 2017, 09:30:39 AM
I bought a $9.99 bag of charcoal yesterday. There has got to be a cheaper option.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Rosy on June 02, 2017, 01:40:09 PM
I just feel like we've been a little loose with discretionary income.  Went out yesterday with friends (not Mom) for Mother's Day and had a really average brunch for $47 for two people.   I could have made a decent quiche with fruit and even had some bubbly at home and hosted.  I find that I'm enjoying eating out less and less because so much of the food is average.
I could have written this myself. True that.

+1

Even when we use gift cards in restaurants I don't really enjoy it as much as I used to.  I think "I like my cooking better."

Agreed. Then again, it is a joy when you find a place that is reasonable, has a nice atmosphere and serves food I normally do not cook.
 
Discretionary spending - ugh - for some reason, every once in a while, maybe I'm just a binge spender, I throw all caution to the wind and buy whatever takes my fancy. Then next month or the next three months I have to deal with the fall out. Totally nuts and irrational.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MissPiggy on June 03, 2017, 06:57:45 PM
I just feel like we've been a little loose with discretionary income.  Went out yesterday with friends (not Mom) for Mother's Day and had a really average brunch for $47 for two people.   I could have made a decent quiche with fruit and even had some bubbly at home and hosted.  I find that I'm enjoying eating out less and less because so much of the food is average.
I could have written this myself. True that.

+1

Even when we use gift cards in restaurants I don't really enjoy it as much as I used to.  I think "I like my cooking better."

Agreed. Then again, it is a joy when you find a place that is reasonable, has a nice atmosphere and serves food I normally do not cook.
 
Discretionary spending - ugh - for some reason, every once in a while, maybe I'm just a binge spender, I throw all caution to the wind and buy whatever takes my fancy. Then next month or the next three months I have to deal with the fall out. Totally nuts and irrational.
I just feel like we've been a little loose with discretionary income.  Went out yesterday with friends (not Mom) for Mother's Day and had a really average brunch for $47 for two people.   I could have made a decent quiche with fruit and even had some bubbly at home and hosted.  I find that I'm enjoying eating out less and less because so much of the food is average.

I cannot agree more!

I hate going out to eat and find the food is overpriced, quality is poor and experience mediocre. In those cases I'd rather cook myself.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on June 05, 2017, 08:31:29 AM
When we bought our current house, just before discovering MMM, we bought a new tv. They idea was to have a Big tv that is visible from the open kitchen. Our old tv was big, too, but the new one is even bigger. The old one is hanging upstairs and seldom used. I wouldn't do this again now.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: iowajes on June 05, 2017, 04:13:12 PM
Super bored on maternity leave so I spent $30 on bobcat in a box. Without a doubt the stuff I'll get will be absolute junk.

So just threw that money away.  But maybe I'll get $30 in amusement opening the packages. At least I'll get exercise checking the mail more often than I usually do.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: MrsWolfeRN on June 05, 2017, 05:11:20 PM
Gah, tried to turn on the outside taps today and realized we forgot to drain them out after shutting off the water. One just needs the faucet replaced which should be easy enough, but the other one has a copper pipe running under a deck that is leaking in several places. Hubby won't be able to fit under there, and I am 4 months pregnant so I will have to learn how to cut and solder pipe before my belly gets too big. Not sure what the monetary cost will be yet. I can do without the tap if I have to, I would just need to run a longer hose to my garden.

Ugh! We made this same mistake this winter =( In my defense, we're not really used to freezing weather around here, haha.

Good luck with your copper adventures!

Try using a "Sharkbite" if you don't really want to learn how to solder.  Also, after having repaired our deck, I realize that it is not too hard to pry up boards and replace/rescrew them in again.  See if your husband can do that so that pregnant you doesn't have to wiggle under the deck.

Thanks for the advice. The boards are actually screwed in from underneath, but there is enough room for me to get under there easily. I tried to do the easy way out with a repair clamp but there is still a small leak with that on. I will try the shark bites next.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on June 05, 2017, 07:14:09 PM
Super bored on maternity leave so I spent $30 on bobcat in a box. Without a doubt the stuff I'll get will be absolute junk.

So just threw that money away.  But maybe I'll get $30 in amusement opening the packages. At least I'll get exercise checking the mail more often than I usually do.

Lol! I had to google this as I had no idea...Found this funny sequence, so that next time the urge hits you (or anyone else) you can just watch this video instead. I hope you have as much fun with yours as these three chaps did with theirs. As a bonus, their accents are adorable.


https://www.youtube.com/watch?v=E0lVuaIkZTc
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: iowajes on June 05, 2017, 07:37:32 PM
I watched all 3 seasons of the Irish guys yesterday. If I have half as much fun as they did, it will be worth the money.

You can use keywords to tailor what you get, so, we'll see.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: 11ducks on June 06, 2017, 06:02:37 AM
Wasted money on burritos twice in the past two days. I know it isn't worth it, at au$14 a pop, that $28 could have paid for a weeks worth of exercise classes (and my body currently needs exercise classes much more than burritos!). Am planning to leave my keycard at home for the rest of the week.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Gone_Hiking on June 06, 2017, 10:33:53 PM
A couple of colleagues working in another state came to the office for a week.  We went to lunch one day and I paid the bill with the credit card, about $28.  I didn't think much about it at the time, but the only receipt I was given was the credit card receipt. When I applied for a refund for the lunch, I added the receipt and waited.  And waited.  After a week and half of nada, I followed up on the refund request.  Somebody in Finance who approves the refund requests, approved... $0.00.  Not denied, approved.  Because I hadn't included an itemized receipt.

Had the person denied the request, the software the company uses would notify me immediately.  But because the person approved the request, no notice was generated.  Without a denial notice, the chance that the employee will forget about the refund goes up. Certainly one way of managing the company bottom line and another reason for this employee to become FI as soon as possible.  As it was, I was out of $28 because I had forgotten to ask for an itemized receipt.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: misshathaway on June 07, 2017, 07:07:51 AM
A couple of colleagues working in another state came to the office for a week.  We went to lunch one day and I paid the bill with the credit card, about $28.  I didn't think much about it at the time, but the only receipt I was given was the credit card receipt. When I applied for a refund for the lunch, I added the receipt and waited.  And waited.  After a week and half of nada, I followed up on the refund request.  Somebody in Finance who approves the refund requests, approved... $0.00.  Not denied, approved.  Because I hadn't included an itemized receipt.

Had the person denied the request, the software the company uses would notify me immediately.  But because the person approved the request, no notice was generated.  Without a denial notice, the chance that the employee will forget about the refund goes up. Certainly one way of managing the company bottom line and another reason for this employee to become FI as soon as possible.  As it was, I was out of $28 because I had forgotten to ask for an itemized receipt.

That would really annoy me, especially since the taking visitors out to lunch thing is expected behavior at most places AND you would probably never have opted for a $28 lunch for yourself. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on June 12, 2017, 12:22:23 PM
Super bored on maternity leave so I spent $30 on bobcat in a box. Without a doubt the stuff I'll get will be absolute junk.

So just threw that money away.  But maybe I'll get $30 in amusement opening the packages. At least I'll get exercise checking the mail more often than I usually do.

Buying a bobcat when you are pregnant sounds awesome! Just don't let the bobcat around the baby.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Linda_Norway on June 14, 2017, 12:37:37 PM
I had a tough day at work yesterday and would be home alone that evening. I fell for buying cheese case, two in a pack, and ate both for dinner. Not good for my money and my health.

Compensated today by having another tough and long day at work, but ate a healthy dish for dinner.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on June 14, 2017, 01:43:37 PM
UGH. Didn't notice that something we ordered on Amazon was NOT prime. It cost $12.99. The shipping and handling cost $15.

Stupid tax. =(
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: aroberson77 on June 14, 2017, 02:25:24 PM
UGH. Didn't notice that something we ordered on Amazon was NOT prime. It cost $12.99. The shipping and handling cost $15.

Stupid tax. =(

That's the worst.  I have learned that amazon is not the cheapest if you don't need it right away.  I wanted to cancel my prime last month and even signed up to get the email to do so but I forgot to check the email and got charged for another month :(
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on June 14, 2017, 03:51:15 PM
UGH. Didn't notice that something we ordered on Amazon was NOT prime. It cost $12.99. The shipping and handling cost $15.

Stupid tax. =(

That's the worst.  I have learned that amazon is not the cheapest if you don't need it right away.  I wanted to cancel my prime last month and even signed up to get the email to do so but I forgot to check the email and got charged for another month :(

Luckily we've gotten it at the student rate for a long time, which is half the cost. And the subscribe and save for dog food alone makes it worth it to us (equal price to elsewhere, plus 15% off, plus 5% back on the amazon CC). We don't buy much and don't live in a place where you can find everything locally, so it's a good option to have. Just screwed up missing the seller info =(
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on June 16, 2017, 08:33:02 AM
Mine also involves Amazon. I tried to buy stock in Kroger ($KR) as it dropped on a bad earnings release yesterday.

Then this morning the news broke about Amazon buying Whole Foods, and Grocery store investors are acting like it's the apocalypse. Already down about 13% on my $2450 investment. Could be more.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on June 17, 2017, 08:39:47 AM
UGH. Didn't notice that something we ordered on Amazon was NOT prime. It cost $12.99. The shipping and handling cost $15.

Stupid tax. =(

HA! I KNEW it would be crazy for us to have missed this. Turns out, their system was being wonky, and it was their fault! It WAS prime! So they're refunding it =)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Dicey on June 17, 2017, 11:02:43 AM
UGH. Didn't notice that something we ordered on Amazon was NOT prime. It cost $12.99. The shipping and handling cost $15.

Stupid tax. =(

HA! I KNEW it would be crazy for us to have missed this. Turns out, their system was being wonky, and it was their fault! It WAS prime! So they're refunding it =)
See if they'll throw in a free month of Prime for their error. Seems to be their SOP. Glad you caught it!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on June 17, 2017, 02:26:51 PM
UGH. Didn't notice that something we ordered on Amazon was NOT prime. It cost $12.99. The shipping and handling cost $15.

Stupid tax. =(

HA! I KNEW it would be crazy for us to have missed this. Turns out, their system was being wonky, and it was their fault! It WAS prime! So they're refunding it =)
See if they'll throw in a free month of Prime for their error. Seems to be their SOP. Glad you caught it!

I actually didn't catch it, I assumed I had screwed up! They sent a message saying basically 'mea culpa' and gave us the refund. Super impressed.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: mountainfamily on June 17, 2017, 08:53:17 PM
We had below market rent in our rental house of 4 years. Told the out of town landlords we were going to try to buy a house and may be moving out soon. Mentioned a few long-term concerns about the rental house (pipes spitting corroded bits of metal, roof missing shingles). Didn't succeed in buying a house after a few tries [Seattle, ugh!], asked to sign another lease.

...40% rent hike. 

Don't attract the landlords' attention or be a good tenant and let them know about possible future maintenance.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: thrifty1 on June 18, 2017, 11:58:46 AM
Before my "enlightenment", Purchased a new 2015 Chevy volt. Work has free charger and have a charger at my house. Financed the car at 3.75%. But here is the catch...... I was 40,000 dollars in debt BEFORE the purchase. Genius me eh?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Step37 on June 18, 2017, 04:58:47 PM
Before my "enlightenment", Purchased a new 2015 Chevy volt. Work has free charger and have a charger at my house. Financed the car at 3.75%. But here is the catch...... I was 40,000 dollars in debt BEFORE the purchase. Genius me eh?

Don't beat yourself up. You're still plenty young to recover from this brilliantly! Many people don't find enlightenment until much later in life, if at all.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: thrifty1 on June 18, 2017, 07:18:28 PM
Oh Im in a much better spot now thank goodness. In 8 months I've paid everything from a total debt of 70,000 down to 22,500. Once that is paid Ill sell the Volt and start the journey with 30,000 in my ROTH charging onward to be FIRED!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Step37 on June 18, 2017, 09:50:58 PM
Oh Im in a much better spot now thank goodness. In 8 months I've paid everything from a total debt of 70,000 down to 22,500. Once that is paid Ill sell the Volt and start the journey with 30,000 in my ROTH charging onward to be FIRED!

Holy shit, that is fantastic! Killin' it.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: tyort1 on June 19, 2017, 11:06:09 AM
Oh Im in a much better spot now thank goodness. In 8 months I've paid everything from a total debt of 70,000 down to 22,500. Once that is paid Ill sell the Volt and start the journey with 30,000 in my ROTH charging onward to be FIRED!

Holy shit, that is fantastic! Killin' it.

2nd that - you are crushing it.  Keep it up!
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: pachnik on June 19, 2017, 12:09:14 PM
Every time I see this thread I think to add my 2 cents. 

My husband and I have wanted to get a kitten for about the last year or so.  So about 2 months ago, we found one we liked on Craigs List and bought her.  We both knew there would be expenses - vet, food, kittie litter.  But neither of us checked into how many vet visits a kitten needed or how much they would cost.  Not to mention the visit for spaying.  I feel a bit silly that I didn't do some research and maybe save up a bit for the vet visits in advance. 

However, we do not regret getting the kitten one bit just wished we'd done some research as to the cost so as to not be surprised. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Travis on June 19, 2017, 12:30:57 PM
We're traveling across the US and during one of our stops a couple days ago we decided on pizza for dinner. Rather than press the easy button and do a Dominos or Pizza Hut, we decided on the local restaurant.  A personal sized pizza, calzone, and spaghetti ended up costing $50. 
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: cliner on June 19, 2017, 01:12:52 PM
Earlier this month, I let my Chase Sapphire card account renew before the one-year mark, getting charged the $95 annual fee.

Anyone have tips for how to get it refunded?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on June 19, 2017, 01:30:06 PM
Earlier this month, I let my Chase Sapphire card account renew before the one-year mark, getting charged the $95 annual fee.

Anyone have tips for how to get it refunded?

Call and ask =)
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on June 19, 2017, 01:35:26 PM
Earlier this month, I let my Chase Sapphire card account renew before the one-year mark, getting charged the $95 annual fee.

Anyone have tips for how to get it refunded?

This type of thing has happened to me before!  In general, I have gotten refunds on CC fees by calling and asking to cancel the card.  When account retention specialist comes on, explain that you are canceling because the fee is too high and you don't need the card.  I've always gotten a refund, though sometimes they will change the card to a lower reward one.  This works if you have another CC, good credit,  and genuinely don't need the card you are calling about. At worst, cancel and ask to be prorated for the months you didn't use.

Quote
We had below market rent in our rental house of 4 years. Told the out of town landlords we were going to try to buy a house and may be moving out soon. Mentioned a few long-term concerns about the rental house (pipes spitting corroded bits of metal, roof missing shingles). Didn't succeed in buying a house after a few tries [Seattle, ugh!], asked to sign another lease.

...40% rent hike. 
Ouch!! I hope you successfully purchase a home soon!

I recently let my husband "shop unsupervised" (as a Mustachian put it in another thread) and he went to an auto supply store and bought a BOX OF RAGS for $16. Then he washed the car with these very special rags.  Meanwhile, that morning, I had finished going through the laundry and pulled out more old clothes to put in the already overflowing pile of rags in our broom closet.  His sheepish explanation is that he hadn't looked at the price, and thought they were $7. Plus, they came in a box! It's all good though, I make so many mistakes that it's good to have something to tease him about.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Bracken_Joy on June 19, 2017, 01:38:17 PM
We had below market rent in our rental house of 4 years. Told the out of town landlords we were going to try to buy a house and may be moving out soon. Mentioned a few long-term concerns about the rental house (pipes spitting corroded bits of metal, roof missing shingles). Didn't succeed in buying a house after a few tries [Seattle, ugh!], asked to sign another lease.

...40% rent hike. 
Ouch!! I hope you successfully purchase a home soon!

I recently let my husband "shop unsupervised" (as a Mustachian put it in another thread) and he went to an auto supply store and bought a BOX OF RAGS for $16. Then he washed the car with these very special rags.  Meanwhile, that morning, I had finished going through the laundry and pulled out more old clothes to put in the already overflowing pile of rags in our broom closet.  His sheepish explanation is that he hadn't looked at the price, and thought they were $7. Plus, they came in a box! It's all good though, I make so many mistakes that it's good to have something to tease him about.
[/quote]

This reminds me of my favorite amazon purchase. We bought a Bag of Rags. It wasn't that expensive, and we hadn't been saving up any clothes since we were living in 500sq ft. BUT, there was a 1 star review that just said, "This was just a big bag of rags!?!!!" And oh my god I cried laughing about that. The product NAME is Bag of Rags. What were you expecting!?
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Rowellen on July 07, 2017, 07:49:48 PM
I had some happy birthday banners that we reuse each year. I put them up for my DD's birthday 3 months ago but kept forgetting to take them down. I finally remembered today. Needless to say, they weren't salvageable.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: TartanTallulah on July 08, 2017, 12:54:15 AM
Our checking account is the sort that has a linked savings account that pays a small amount of interest, and it's easy to shuttle money between the two. I knew we were about to sail close to the wind due to motoring expenses and a couple of regular bills, so in the course of a busy day yesterday I went online and moved a chunk of money from the savings account into the checking account.

This morning our checking account balance started with a minus sign. WTF? I hadn't spent anything. HOW much had my husband had to drop on his car's annual service? Then I looked more closely. The savings account balance was up, not down. I'd moved the money in the wrong direction.

I've fixed it. We were always dipping into the authorised overdraft before I took control of the accounts and nobody died as a result, so I'll stop kicking myself soon.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Poundwise on September 20, 2017, 11:21:58 AM
So mad! I forgot to move my car to the driveway and now I have a $35 street sweeping ticket!  This is what I get for neglecting to check my calendar in the morning.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: rws on September 22, 2017, 01:24:00 PM
Had a stump removed from our yard, bought 5 yards of soil to fill the hole (tree was huge). $30 per yard, bought about 1 yard too much.

The following weekend we decided to plant some trees and ended up with another yard of extra top soil.

So yeah, waste of $60.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: Meesh on September 22, 2017, 11:16:36 PM
Went on a 10 year anniversary weekender last week. We wanted to spend some time at the beach but the only nice one I new of was right by the amusement park. So the second day, after my 5 year old handed out said amusement park's brochures to all families with kids eating breakfast at our hotel, instead of going back to the beach like we were suppose to, I got out voted and we went to the park. At full price. For 2 hrs. Because my son got sick on crappy park food. Essentially doubling our budget and then going home early. *Face palm*

To make matters worse this weekend is the perfect weather to check out the beach again so this time I looked online and found a free beach half the distance away. ugh.
Title: Re: Nobody's perfect... what money mistakes have you made lately?
Post by: talltexan on September 27, 2017, 07:16:12 AM
Meesh, your five-year-old sounds amazing! A veritable pied piper of amusement leading all those other families to their financial ruin at that park.