worst financial decision you ever made?

JohnnyFlash · 31-08-2019 03:26PM

Buying a racehorse. Fücking money blackhole and the thing wasn’t worth a curse.

Rubberchikken · 31-08-2019 03:26PM

cant actually think of anything.
ive never had a credit card. mortgage paid off. own our car.

GreeBo · 31-08-2019 03:27PM

Not selling some crypto when i was >100k ahead.

31-08-2019 03:38PM

byhookorbycrook wrote: »

Bought a horse that turned out to be chronically unsound .

I did similar. Bought a mare supposedly out of a King of Diamonds mare, whose owner had never registered her as such (that was the first clue), having had supposedly intended to keep her as a hunter for his sole use. Was so impressed by her conformation I bought her on sight. That was my second mistake. She was a bolshy, bucking, unteachable beast who turned out to have A-Fib on top of everything else. She couldn't hunt, was a all-round liability, and could not be sold.

She's now retired and living with a herd of dairy cows. Will probably live to 40. There's always one.

EmmetSpiceland · 31-08-2019 03:45PM

Credit cards and an overdraft got me through my 20s, and 30s(!!). I don’t get all the “hate”, at all.

Sure you end up paying “over the odds” but the alternative is not getting anything or going anywhere.

Any time I make a credit card payment now I try to clear it ASAP but back then I’d have the two of them at their “limits” every month. Had no issue getting a mortgage, car loan, short term loans and a loan to renovate the house even with my history of credit abuse.

Pretty sure the banks prefer someone who demonstrates a history of paying large amounts of “interest” to someone who pays everything back on time.

31-08-2019 03:52PM

I've been lucky. My bad financial decisions tend to be along the lines of 'I never wear that dress I couldn't even afford at the time'. I put all money related matters in to the 'fùck it be grand' box. In that box lives; having/not having a baby, pension, losing two stone, and career related things. I have had debt in the past alright but sure lookit. At the time it was great spending all around me. I knew full well what I was at so took the consequences.

Alf Veedersane · 31-08-2019 03:53PM

The time I bought 20 Creme Eggs for five pounds.

Wound up sick and broke.

EmmetSpiceland · 31-08-2019 03:56PM

Alf Veedersane wrote: »

The time I bought 20 Creme Eggs for five pounds.

Wound up sick and broke.

Were you going for the record, A?

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Gregor Samsa · 31-08-2019 04:16PM

I remember a mate of mine walking back to the campsite one night at Feile ‘92. Some guy was selling Sphinx beer by the side of the road. “A pound a bottle or 4 for a fiver”.

“Gimme 8!” My mate says, gleefully counting out a tenner in change.

He’s still sore about it.

daheff · 31-08-2019 04:25PM

daveorourke77 wrote: »

getting a credit card.

a financial black hole

Explain pls

whiskeyman · 31-08-2019 04:51PM

emilymemily wrote: »

My teaching qualification. Expensive, useless and left me worse off in the long run.

I thought there's a huge shortage of teachers?

Alf Veedersane · 31-08-2019 05:07PM

EmmetSpiceland wrote: »

Alf Veedersane wrote: »

The time I bought 20 Creme Eggs for five pounds.

Wound up sick and broke.

Were you going for the record, A?

Probably why I got sick from eating them.

Redneck Reject · 31-08-2019 05:15PM

A Tyrant Named Miltiades! wrote: »

I did similar. Bought a mare supposedly out of a King of Diamonds mare, whose owner had never registered her as such (that was the first clue), having had supposedly intended to keep her as a hunter for his sole use. Was so impressed by her conformation I bought her on sight. That was my second mistake. She was a bolshy, bucking, unteachable beast who turned out to have A-Fib on top of everything else. She couldn't hunt, was a all-round liability, and could not be sold.

She's now retired and living with a herd of dairy cows. Will probably live to 40. There's always one.

Heh, I like the bucking and hard-headed horses. That's why I love my job, they keep it interesting.

PopePalpatine · 31-08-2019 05:55PM

I switched to Eircocks last year when shopping around for a new ISP after my Sky contract ran out. The free sports package was the clincher at the time because they had the rights to show F1, so I thought, "Yay, no more searching for streams!" It turns out their TV service depends on the Internet connection, which they limited to a speed that was barely enough for the TV, never mind anything else on top of that. I had to ring them to get an adequate speed, and even then it's as reliable as those dodgy streams I used to watch. They've since lost the rights to F1, and the final kick in the teeth is that I didn't do the switch properly, and I'm still left with the Sky TV package.

31-08-2019 06:39PM

Redneck Reject wrote: »

Heh, I like the bucking and hard-headed horses. That's why I love my job, they keep it interesting.

I do too, it's not always a vice. I once taught a pony to buck. But annoying when they're otherwise useless mind you.

Redneck Reject · 31-08-2019 06:43PM

A Tyrant Named Miltiades! wrote: »

I do too, it's not always a vice. I once taught a pony to buck. But annoying when they're otherwise useless mind you.

Just curious, but why teach a pony to buck?

ILoveYourVibes · 31-08-2019 07:21PM

Redneck Reject wrote: »

Just curious, but why teach a pony to buck?

...to teach your self to ride a buck! :pac:

If if you can sit a buck you have a good seat.

Also its advanced dressage ..airs above the ground

31-08-2019 07:39PM

Redneck Reject wrote: »

Just curious, but why teach a pony to buck?

For fun. My brothers and i used to be very interested in circus tricks, and so for the same reason he was taught to lie down.

Obviously not to be recommended with a horse you intend to sell-on, but some ponies are wonderful for this kind of stuff. You get to learn a lot about horsemanship through such experiments.

ILoveYourVibes · 31-08-2019 07:45PM

A Tyrant Named Miltiades! wrote: »

For fun. My brothers and i used to be very interested in circus tricks, and so for the same reason he was taught to lie down.

Obviously not to be recommended with a horse you intend to sell-on, but some ponies are wonderful for this kind of stuff. You get to learn a lot about horsemanship through such experiments.

If you train it right there should be no danger if the horse is sold on

Wompa1 · 31-08-2019 07:47PM

My wife had a college loan in the US. She only told me about it back in 2016. She said it was about $6k or $7k. We talked about it and she said she was going to just keep making the payment herself and was making the minimum payments.

At the time, I was thinking f*ck it, not my problem. We'll move to Ireland anyway so who cares and the loan was from before I even met her.

Anyway, we had 2 kids and were moving to Ireland. I asked her how she was doing on the loan. I didn't know how much the interest was a year. From when she told me the amount in 2016 to 2019, the amount owed climbed to $20k. The original loan amount was $6k.

I paid it off but was in a state of shock over it for weeks.

lunamoon · 31-08-2019 07:58PM

Bought a house with my brother just before the crash on the advice of my uncle who was selling it. Was an absolute pain to sell and saw it was sold again recently for 50k more than what I sold it for.

poisonated · 01-09-2019 11:22PM

theteal wrote: »

Probably best I don't keep mentioning that.

I suspect you’re right haha

poisonated · 01-09-2019 11:31PM

fmpisces wrote: »

Signing up for a 2 year contract with Vodafone mobile, paying €40 per month and the phone I got both times cost just under €300.
I know.....how can I be such an eejit......I just didn't have the money to buy a new phone so a "free" upgrade was what I decided to go with :rolleyes:

Please tell me I'm not the only one who does this?

I pay that much monthly and has to pay 150 euro extra but got a phone that was selling for about 700

Lewis_Benson · 01-09-2019 11:42PM

mr_fegelien wrote: »

At any age? Doesn't have to be something like investing in bull**** stocks but rather even spending money on some frivolous purchase.

For me it has to be in 5th year when I didn't want to go to study in my school so I handed up the money to the school but skived for 2 hours every day for a month until it was over. I should have just kept it. It was €300 in an envelope that I handed in. They didn't even call my parents to tell them I wasn't attending cause they didn't know.

Bought a house in 2006.

Tell me how · 01-09-2019 11:46PM

BDI wrote: »

Bought a fry up in a cafe in ranelagh village. They don’t include tea or coffee in the price.

14 odd quid for a breakfast.

€27 for breakfast in hotel in Germany some years ago. Was there for a conference.

Worst thing was, when I was checking out, the girl asked me had I had breakfast in the dining room that morning and I said yes, not even clicking what she was asking. I hadn't signed in or anything. That's what really annoyed me, if I had just said no, I'd have been in the clear. (probably that's why they have to charge €27 quid. Only 7 or 8 idiots paying for the breakfast for a couple of hundred people.)

cournioni · 02-09-2019 08:22AM

lunamoon wrote: »

Bought a house with my brother just before the crash on the advice of my uncle who was selling it. Was an absolute pain to sell and saw it was sold again recently for 50k more than what I sold it for.

What did you do with the uncle?

Pinch Flat · 02-09-2019 08:28AM

Tell me how wrote: »

€27 for breakfast in hotel in Germany some years ago. Was there for a conference.

Worst thing was, when I was checking out, the girl asked me had I had breakfast in the dining room that morning and I said yes, not even clicking what she was asking. I hadn't signed in or anything. That's what really annoyed me, if I had just said no, I'd have been in the clear. (probably that's why they have to charge €27 quid. Only 7 or 8 idiots paying for the breakfast for a couple of hundred people.)

€29.50 for a breakfast in a hotel I stayed in Amsterdam a while back. Thank fcuk work were paying for it....

cj maxx · 02-09-2019 08:32AM

Bought a few eircom shares when they came out , bombed .

cournioni · 02-09-2019 08:34AM

Hotel breakfasts are usually a rip off and horrible too. I never bother with hotel breakfast and head out somewhere for it, usually a far better experience.

Lollipops23 · 02-09-2019 08:53AM

My parents gave me €15k at 19 years of age from an inheritance. I was made invest €10k of it, and the remaining €5k on what I wanted. Bought a car (and got my full licence), traveled a bit and generally had a good time with that part.

Of the invested €10k, I got maybe €2k back. We invested it in Sept 2007, so when it matured 3 years later it had been decimated.

worst financial decision you ever made?

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