Purchases That Guarantee Buyer's Remorse
The Most Regrettable Purchases
There are so many things that seemed necessary at the time we bought them—and it's only later that we realize we probably didn't need those products at all. Here are the purchases that guarantee that sinking feeling of buyer's remorse.
DVDs And Blu-Ray Discs
Growing up, my mother was addicted to purchasing DVDs and Blu-Ray discs. In fact, she had a special room where she housed her entire collection. But these days, she rarely watches any of them.
Instead, like most people, she consumes television and media through several streaming services. In retrospect, she could have saved herself a pretty penny.
Lottery Tickets
We all know those people who buy their lottery tickets like clockwork—some of them even have their “lucky” numbers and purchase them at the same time every week. However, the odds of these people ever winning are mind-blowingly small.
All of that money would probably do a lot more for them in an investment or savings account.
Extended Warranties
There’s something so comforting about having an extended warranty on appliances or electronics—especially for anxious folks, such as myself. It feels like a security blanket… but is it really necessary? Most likely not.
Based on Consumer Reports, the likelihood of these products requiring a repair is very low. What’s more? In the off-chance a repair is required, the cost would probably be similar to the price of an extended warranty anyway.
Expensive Engagement Rings
Everyone has different standards for how much money should be spent on an engagement ring. On average, most people believe that at least three months of one’s salary should go toward that tiny diamond.
However, investing a massive amount of money into a piece of jewelry might just derail some of your other goals. That money could be spent on traveling or even saving for your future home. It all depends on your budget and where your true values lay.
