6 Big (And Little) Money Wasters That People Indulge Anyway!

Americans have several collective addictions, and wasting money is among the nastiest. Yet, for some reason, we forget how hard we worked to earn the money when it comes time to blow it.

Here's our list of the top 6 big money wasters.

Having a cashier try to upsell you a warranty is widespread among larger retailers, particularly if you're purchasing anything electronic — the more expensive the product, the pricier the warranty.

Extended Warranties

Edible Gold

There are some differing opinions about whether or not edible gold is over-indulgence. One person claims it's less expensive than most restaurants want you to believe.

Tempting as they might be, especially for anyone struggling, the craze over get-rich-quick and multi-level marketing schemes does nothing but take the money you already can't afford.

Get Rich Quick Scam

For instance, a casket costing $2500 works just as well as a $10000 casket. Unless you have to line it specifically for where you live, the need to purchase extravagantly.

Big Life Event

The average depreciation of a brand-new car, the minute it leaves the dealership, is around 10-15%. Depending on the make and model, it can be even more, and regardless of the make and model, you're still losing money on your investment.

Brand New Vehicle

While you're not likely to see a return on your spending, you're buying into the hype of the possibility of winning that massive Powerball or Mega Millions payout. Unless, of course, you're just looking to support public schools.

The Lottery

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