The 6 Dumbest Purchases I Made In My 20s | The Financial Diet

[@thefinancialdiet]

Chelsea talks about more of her worst financial decisions here: kzbin.info/www/bejne/hWbXd3iLrNShZ5o

[@l33hd33r]

Sell that stupid coat. I bet it conjures up negative thoughts just looking at it sitting in your closet. It has served its purpose Chelsea, let it go.

[@lisa1968]

Or even donate it!

[@eleo_b]

l33hd33r | it’s a good reminder to have at home as something that you shouldn’t be spending money on.

[@jamiemaxcold9325]

Sell it on Poshmark

[@artemis7093]

😂

[@Korilian13]

@S S don't destroy it! At least one animal died for that for collar. Just sell it. It will be the someone's dream coat. Someone living in a very stabile climate mind.

[@Margar02]

That's sweet that you guys are still together even after the princess coat debacle... He must be a sweet guy.

[@herryfrd2740]

whipped guy who couldn't say 'no'. but it is cute theyre still together

[@Samantha2209]

Yea and from watching the rest of the video, it’s apparent that he put up with a lot of her shit.

[@maryooliss]

Samantha Khan I bet you’re perfect and always have been - except for your judginess of course. At least she can publicly acknowledge her mistakes. Probably one of the qualities he really loves about her...

[@RMNTZ]

Oh, how terrible it is to be together with a person that can admit her mistakes, learn from them and PUBLICLY speak about them... so that you, Margaret, can feel good about yourself - being that perfect never-making-a-mistake human being. Also, i bet YOU have some skeletons in the closet that make you feel bad about yourself, but wouldn't have balls to tell 538K people about them. Have a nice day.

[@dacracking5768]

As a guy I'm sorry, but that would have put a strain on the relationship. Probably not dump her straight away, but have thoughts. Especially if both of you are not even making enough money for it.

[@chemirem.3934]

Take out food. During the semester when I am stressed I can spend like $300 in one month on delivery food. Separate from regular groceries. I’ve been getting better since I started watching your channel tho.... the last time I splurged on food due to anxiety I spent $100.

[@jazminsapienza5123]

Kelly Powell I feel ya!! By the end of the month I have to borrow money from MY PARENTS because I can't control myself with eating out/take away food.

[@11Apr19Apr]

Been there and still trying to stop the urge to order take-out when I come home tired from the library or I am busy with assignments.

[@hunterdepriest8247]

Hey, I totally get that. Something that I found that helps a lot is finding something else to spend the anxiety on. For me, I love the punching bag at my gym! A $15 a month membership will be cheaper and make you healthier. But that's just me - find something you love. Art, driving, or a friend to talk to :)

[@Todiros]

Jeez. I spend like $200-300 bucks for food for the entire month. And that includes toiletries.

[@mikedang3613]

Jokes on you, those of us with anxiety don't order food because we hate the interaction with the deliveryman. 😣

[@sandraa9772]

My dumbest purchases in my 20's: 1.fast fashion... I spent so much money on disposable clothing that was cheap and didn't last. 2. I bought expensive furniture pieces that were too large for my living space. They were quality pieces I told myself I'd keep forever but it was too much for a small apartment. I'm such a minimalist now that the thought of having all that stuff triggers my anxiety. 3. College books.... though they were considered a "requirement", none of my professors actually used them!

[@yugiohsc]

A friend bought a 5 pound bag of cornmeal online to make his own Soylent. Turns out it was 50 pounds. He was left with a lot of cornmeal

[@michaelz.7140]

soylent green?

[@rayy2670]

Let's add makeup to my list. Every foundation I ever purchased, eyeshadows, powders..I don't EVER wear any makeup except some lipstick every full moon, so I don't know why, every period I get, I feel the urge of buying makeup.

[@rimun5235]

This happens to me but not frequently but every like six months I think "Let's go to Sephora." I have a very minimal collection with very few products because I give away what I don't use but I barely wear makeup.

[@ll2058]

When I was 18, I bought a tiny "haunted" vase on ebay for 200$ back when the "metaphysical and magic items" section still existed. I've never told anyone this, the shame is strong.

[@jennylee9761]

I had the opposite experience with a coat. At 23 I bought a rainbow knitted alpaca wool fair trade arctic fleece lined jacket for a lot of money, because I really really wanted it. I am almost 36 and I still wear it. It has lasted this long and is still going, and its good any time during winter, late fall and early spring, with or without layers. Sometimes when you fall in love with something, it works out well.

[@jermainerace4156]

In all fairness, a good piece of outerwear should last at least a few decades.

[@yushatak]

The take-away is "make sure it's not crap, even if you really want it - if it isn't, then go ahead as long as you can afford it!" :D

[@kailikomp5476]

I've made a rule for myself when it comes to outer-wear, especially footwear: when it's quality item then I'm willing to pay because I'm planning to use them for years to come anyway.

[@manalinh0x0]

Thats a long ass name for a jacket :D

[@StrawberryAppleCream]

Me too! I bought a leather jacket on sale for 270 euros when I was 18. I had to have it. Something I really couldn't afford at the time.. but now I'm 28 and still wearing it :)

[@keetrandling4530]

Well, actually, I think the #1 mistake is hanging onto stuff rather than selling it (thus getting it out of your life and simultaneously recouping some of the $$).

[@TessaAvonlea]

I do the opposite. I got rid of all my clothes that were too small, lost some weight and now all my clothes are too big. Have been nearly 2 years without only 1 pair of jeans and one jumper that fit me. I tend to just ignore the problem, i've always liked my clothes on the comfy side anyway.

[@TheAbleeblee]

I'm only just in my twenties (turned 21 in May this year) but I moved out of home at 17 so I've had a few years to make stupid purchases and learn from them! My biggest issue was that I would get sucked in by sales - clothing under $5, five notebooks for $10, half-off duvet covers, I needed it ALL. I very quickly ran out of space and ended up giving heaps of the items to thrift shops which was a huge waste of money. Now I am on a really strict student budget with no disposable income and I really wish I had that money (especially on weeks that I struggle to pay rent). Don't get fooled by sale signs people, you probably don't need 5 duvet covers and the same crappy shirt in four colours...

[@dreamersoxox]

haha! i feel you! some times sales are really not good sales but you still want to buy it because..it sales!

[@Animefreak242]

Adele Parli Same. I felt like I was getting a great deal, and I had a vision, but Space Vac bags weren't enough to save space in my teeny tiny condo. I've given most of the bedding away as gifts. Never again.

[@plethora5515]

Saaaaaaaaame

[@stewdog22]

I understand. The idea of, just in case, or, I’ll use it eventually, doesn’t do you any service in the end. I ended up storing thousands of dollars worth of random clothes and random junk. Eventually I sold or donated most of it. What a waste of time and money.

[@amnuxoll]

1. novelty fashion (robin's egg blue coat) 2. a car when public transit is available (2004 Hyundai Accent) 3. college classes you don't intend to give your all to (Incomplete grade on transcript) 4. an apartment without serious research (first apartment in NYC) 5. cheap kitchen tools 6. buying items online without due diligence (new couch)

[@RyokanDaigu]

Can you please explain why you purchased the 10 pillows behind you in the video?

[@MyFictionalChaos]

Anna M. Omggggg exactly

[@bluespraypaint3914]

Probably for her adorable dog to sleep on and be comftorable. Which is worth it in my opinion

[@bigphilly7345]

HAHAHAHAHAH Yes

[@runemaster861]

I have about 10 pillows on my bed, and just as many on the couch and they're great, and I will not allow someone to judge her for it.

[@sissyj822]

I love her pillows. They are stylish and cozy looking. They probably bring her joy.

[@kseniaprytkova4344]

sell the coat :)

[@ameliorated]

I also have an expensive coat, and tbh there isnt much market for a second hand expensive coat especially if its from a few years ago.

[@Well_Ill_Be_GodDangled]

Sure there is. High end consignment shops will jump on that. If the style is timeless (or even if it's not) someone will want to buy it at a fraction of the price. Edropoff, which is an high-end consignment store on eBay that used to have a reality show on VH1, tradesy, or poshmark would happily list such an item.

[@siddhantgoyal8709]

Nah, send it to me for free :P

[@EM-zt4ul]

Ksenia Belova or burn it. A poor animal died for that coat I assume because she didn’t specify. The money isn’t worth it ;-; unless you’re going to donate it to an animal charity or giving it to a project they’re doing now where people give their fur coats to rehabilitation centers so baby animals can cuddle with them if they don’t have a mother

[@angelicaevangelista5464]

Elsa Agðarsdotter time mark 3:25 she said it was faux fur

[@caileymanktelow1256]

I bought myself a pony. The wonderful thing about a buying a pony is that it not only cost me 800$ to buy her but about 350 dollars a month there after to keep her where she was.

[@popkahchin]

cailey manktelow 😂😂😂😂 I can get a car with that kind of money.

[@Sasha-xt3jh]

😂😂

[@NoraTKD]

You are like a breath of fresh air Chelsea, being honest and open about one's financial or other type of mistakes is never easy but you have grown so much and learned from those mistakes! Great video, great tips and advice as usual! Keep up the good work and please share some info about the upcoming TFD book :)

[@danigirl103]

I tend to be wasteful in 3 areas: fast food, cheap kitchen stuff, and fast fashion. I’m just now breaking out of the clothes one and buying better quality clothes but I still have to work on the food one. The kitchen part was so relatable.

[@shehroz6220]

All my purchases are dumb purchases.

[@JD-th6ss]

Hands down my dumbest purchase of my 20's was my bachelor's degree.

[@hannahtuck3052]

My husband acsidently brought an actual fire engine while drunk once....

[@hillbrown9672]

:o

[@EndlessMagic7]

How rich are u 🤣😓

[@whocares2087.1]

At least you got a good story out of it.

[@jugoperez9947]

Awesome!

[@sophiarodriguez3706]

Oh, damn, feels like there’s more to that story... 😂

[@voltaireon]

My dumbest purchase to date has to be a series of Coach items. They partnered with NASA (I’m a sucker for space things.) I was waiting for the bus to get home and it was going to take a while, and I was right in front of the coach store. Not only did I buy $800(!!!) worth of Coach items, but I paid full price. They weren’t on sale, but Ebates was doing a 15% cash back on Coach and I am still kicking myself. I love this purse and use it a lot, but I wish I just didn’t know it existed in the first place. I don’t keep my credit cards in my wallet anymore because of this.

[@faithrada]

Hey... you learned a valuable lesson AND.. have a lovely purse... that will last a while.

[@alwaysyouramanda]

I put $500 down and plan to pay in full by January when my certification class starts. I'm sick of my job, have been saving so much (better btw thanks to your tips,) and now have enough for my future car and these classes :) Thank-you so much, guys!

[@thefinancialdiet]

That is so amazing!! Congratulations!

[@wiiiz3]

Whats your job?

[@michellew6097]

Omg the dog what a wonderful surprise that was 😍

[@exvangelica4271]

Michelle Weston I thought we had the same name at first

[@IuArbie]

Michaela Watson OMG! 😄

[@michellew6097]

Ayu Arbie wow!!! Twinsiiiees😍

[@kcwidman]

When I was 12 I took my brand new laptop to my grandparents house in a backpack. When we packed everything back in the car to go home my backpack fell out of the trunk and settled right underneath the tire. There goes my $400.

[@allisondoak9425]

Kai Widman I feel you my mum took out a loan for a laptop for me for school (which I had to have because I have a learning disability) and I sat on it a month after she paid it off crushing the screen. So after finding out it was almost impossible to get a new screen for that model and more expensive than the laptop she had to take out another loan for another laptop.

[@katrinepetersen2566]

Kai Widman And thats why You get insurance.

[@rachelcathy1]

Kai Widman freshman year of high school I for some reason was keeping my laptop on my bedroom floor, STEPPED ON IT 😭😭 MORTIFYING

[@harinisonu]

well then I must be lucky stepped on my laptop (multiple times), sat on it by mistake, it slipped from my hand countless times, spilled coffee on it(which did most damage out of all, surprisingly) still no major damage, just a few glitches in screen and mouse pad.

[@FridayInCandyland]

Kai Widman 😭

[@misterhot9163]

The worst purchase I made was leasing a car when I was 24. After 4 years i could either return the car and pay penalties (over the mileage limit, not considered wear and tear damage etc) or just "buy" the same car I've already been driving with yet another 4 years of car payments for which I opted. Advice; DO NOT LEASE!! This was a time of my life where I was broke and needed to be in a car to drive cross country when I moved to Chicago. If I know now what I knew then, I would've bought a modest clunker that would have taken me from point A to B.

[@VisualMind]

I'm currently 22 and I'd love to avoid dumb purchases 😂 I've been into minimalism for most of my 20s now and still live at my parents house, so there aren't many dumb things. It's just lots of tiny knickknacks that I've already forgotten about :D but I've currently stopped buying those kinds of things.

[@TheVoltaire1]

I'm 24 now. Haven't made that many money mistakes thankfully. But there are still 6 years left lol

[@mshannabanana7372]

Oh i've been there. In my first Apartment i had to have EVERYTHING for the kitchen. I bought the cheapest stuff. Nearly everything is broken today or i threw it out. Because nobody needs every tool that is on the market 🙄 There is a Quote in Germany: "Wer billig kauft, kauft zweimal". What litterly meens that wen you buy cheap stuff you always buy it double.

[@meerkatnip892]

Same saying exists in English: Buy cheap, buy twice. Or thrice. (I'm German as well btw)

[@Steffi.EchoGraphix]

Tje 4 major dumb purchases made during my 20's have all been cars. 1) Purchasing a non-running vehicle in the dead of winter because my non-mechanic boyfriend said he would repair it when the weather broke. Yeah, sold that to the junk man in the Spring; 2) I financed a car before I was certain that I would be able to afford all my other bills on my first "real" salary from my first job. (Lost the job due to illness at 9 months and lost the car a few months later.); 3) My fiancé convinced me to buy a 1965 station wagon for $50 because it was built the year I was born and still used regular gasoline. (It lasted about 5 months and died a horrible death.); and finally, just before separating from my 1st husband (the boyfriend and fiancé in the previous stories), 4) I purchases a Chevy Chevette that had a thin piece of metal and a wooden board as the driver's side flooring. It lasted about 8 months and conked out at 1am outside a movie theater.

[@chrisbaker2669]

Stephanie Carter $50 for a car for 5 months is not a mistake it is a decent deal.

[@Celeste-in-Oz]

Best message about the stories you tell is - screwing up does not mean you'll BE a screw-up. We all do stupid things and we can still be successful, if we learn.

[@bawonobudiwaskito]

My dumbest purchase is probably my macbook. Not that I not love it, but i just spent too much for the prestige of an apple product yet totally aware therr are plethora of other options with fractions of the cost. But I have it now and imma use the shit out of it. Great video TFD!

[@Melissa-dd7ys]

The good thing about Macbooks though is that they last a good while. Some cheaper laptops within months of purchasing or are no good, to begin with.

[@herryfrd2740]

You know you're on the road to wealth when you start dropping this old people knowledge. gj Chelsea

[@allieconzola]

Overpriced fancy skincare!! Often the drugstore products work just as well or better. Or just spend the money to go to a dermatologist

[@heatherclark2701]

Omg IKEA furniture is so deceiving online. I always write down what i like online, then go look at it in store. Half the time it's kid size. I could measure, but I'm not paying for shipping and usually need it ASAP.

[@belevitt1]

Ironically, my 2004 Hyundai accent was one of the best financial decisions of my 20s- the car has been easy to repair myself, cheap to operate and long lived

[@paveladamek3502]

I honestly believe that the fact that Americans pay sky-high tuition fucks up their entire life. I really do not think a college student should have two part-time jobs, let alone jobs that have nothing to do with their field of study (a nanny).

[@iamjaquanna]

I love and appreciate your transparency Chelsea!

[@jettqk1]

I love this! Thanks for being so honest about your dumb purchases. Makes me feel so much better about my own! I guess I would say my worst purchases from my 20s were a nice pair of binoculars bought and then promptly lost while on our honeymoon... and all the spontaneous clothes that I bought for special occasions but never wore again.

[@samanthabiles6815]

I took college classes not because i wanted a degree but because that's what was expected I failed my classes because I didn't care and dropped out the next semester

[@sherry4914]

That happened to me too. At almost age 22, I decided I really wanted a degree for myself, so now I have a Bachelors and I did it in 3.5 years. Only do it for yourself!

[@vitoratio2718]

How are you doing now? Same thing happened with me, I just want to know how others are doing in the same situation

[@StyleCalypso]

Im so happy I came across your channel! I’m having a hard time navigating finances and trying to finish school, but hearing your tips and sharing your stories is making me realize that things like this happen to everyone!

[@MollyBurkeOfficial]

At 24 I feel like I've done none of these.... I could MAYBE say I've done 1 and 6, but not because I actually remember doing It, just because they sound like if I was to do any of these those two would be the most likely. Especially given I'm blind, so won't be buying a car anytime soon, and I didn't go to college! haha I also slowly collected home/kitchen decor over about 5-7 years - such a win!

[@abbigailcarr2725]

Young molly says as current molly is wearing a coat with a giant fur trim 😂😂😂

[@miracle696]

I moved in with my boyfriend about a year and a half ago. We really bought almost everything in Ikea and they're still in amazing condition. What I regret the most is that when we were buying a couch, we only looked at the price. We wanted the cheapest couch that fits in our living room. The couch is horrible after a year and we desperately need a new one. Don't save your money on a couch, people. It's the thing that you spend a lot of time on and like always, you pay more money if you want more quality.

[@claudiamcnulty7514]

Don't know if this counts as a "purchase" per say, but my roommate is 20 and this past summer found an abandoned puppy in a park by her house. Without having a steady job during the school year, she decided to keep the dog because it was cute- not taking into consideration at ALL the costs of vaccinating/training/raising a puppy. It shit on my carpet yesterday. Not. Happy.

[@idislikemints]

My sister did the same, with a cat. Thank God she saved her tips from work and we found a decent vet. Not to mention have me at home for months to take care of her, especially since the kitty had and has poor health.

[@faithrada]

Though it was a sweet gesture to save the pup... they should have... and still can... work to find it a *Forever* home. Many people become temp. foster pet parents .. it's just not for everyone.

[@NovelNovelist]

The apartment one actually sounded like a really GOOD experience. I can't stand apartment shopping or spending a ton of time looking at every option and hemming and hawing. If the first option is something you were able to afford in a neighborhood you liked (even if it wasn't the best option), it sounds awesome that you just got it knocked out so quick and easy. I'm definitely more of a 'satisficer' rather than maximizer though. My attitude tends to be, "This'll work and now I'm done - yay!"

[@alimon89]

$40 winter boots. Just not worth it. I've had them fall apart while walking in them and then had a wet foot and once a bleeding one too. Since those experiences I've bought myself a great pair of Sorrels for $150 and they have been sooooo worth it!

[@nixuma745]

ChaosKitchen did that too for a eurotrip. Same experience, well, except the bleeding part but it was winter so it was cold af for my toes. I literally thought i had frostbites. Good thing it the night before departure so at least 1 less thing to stuff in the luggage I guess.

[@siddhantgoyal8709]

I bought a fitness band. I was actually using it, and lost a lot of weight, but then it tore in my sleep. I guess my hands rubs through the bed a lot in my sleep. I had thrown away its bill and box into a dust bin on the day of purchase. I have terrible anxiety, so I am not the kind to gather the courage to even ask for warranty without those things. I fear rejection from any request, the way people fear rejection from their crush. So, anyways, I live without the band for a couple months, get used to being without it, and start gaining weight. After the couple of months, I felt like I should just buy a new one due to the weight gain I had started struggling with. I bought one, but I got so used to my sedentary lifestyle, then I stopped using it. It became a fashion accessory instead of a fitness band. Maybe I just didn't have the same excitement about it as I had when I bought the first one. Moral of the story: Always keep the packaging and bills of expensive stuff. Don't buy the same thing again if it breaks; if it is really needed, buy one that is of a different company, or just a different model from the same company.

[@kajamiletic3223]

Actual moral of the story: invest in some treatment/therapy for your anxiety, because you're going to miss out on a lot of good opportunities and make a lot of dumb choices out of that fear of rejection. Trust me on this, it's personal experience.

[@siddhantgoyal8709]

Already on medicines for depression and anxiety XD, but great advice for someone else who may have had similar issues.

[@Drummerskickass4]

I'm 22 and in college. Dumbest purchase of my life this far is out of state tuition for a major I'm only in because family convinced me that it would make money. Don't work to make money, work to be happy.

[@BeCurieUs]

Ya, a good target set of some simple pots and pans is the way to go. Not to extravagant, not to cheap, great base to build from. I still have my first target pan!

[@Animefreak242]

Christopher Willis Target sells thin, low quality merchandise. You may as well throw your money away. Part of being an adult is investing in quality pieces that will last you years.

[@BeCurieUs]

Being that I have had them for a decade, I will take this comment for what it is worth, which is not much.

[@elizalagonia1049]

I got a basic set from Khols when my then boyfriend, now husband and I got our first apartment together. I still use a couple of the pans and one of the pots.

[@Juichi]

It's good to start on those sets if you're not a serious cook or don't have the money for a great set.

[@KAYELLEK]

I bought everything I needed from crate and barrel for like $800 when I moved out at 17. I am 20 now and everything is still usable and I won’t buy anything new when I move into my new place soon. 😸

[@crazykenna]

Biggest money mistake was paying to extend the warranty when I bought a used car. They acted car would 100% need those types of repairs that the warranty covered in the next two years, and I was nervous because the factory warranty on the car was about to expire. The only repairs that the car needed (which were much less expensive than the warranty) weren’t even covered by the warranty!!! I’d love to go back in time and refuse that nonsense.

[@ashtonmberta]

When I dropped out of college at 21, I got extremely upset and had a few too many drinks. I decided my destiny was to be a massage therapist, so I went on Amazon, still drunk, and bought a $200.00 table along with all of the other little supplies you need. It showed up a few days later and I was beyond confused and embarrassed. My family was never going to let me live it down so I kept it and now it just lives folded up in my basement. Whoops.

[@ashtonmberta]

Britt, I didn't move home, but I got a job at a coffee shop and I am now managing two of our locations. I plan on going back for business management next year.

[@meerkatnip892]

Wow I'm sorry you felt so bad about your life at the time but somehow this made me laugh so much, just the way you worded your comment

[@cindypickens5863]

My lesson it took years to learn was to RETURN the dumb purchases. So many times I made dumb or bad purchases (even good purchases that don’t fit or work the way I need them too) I held on to and was too lazy to return. I’d think “it’s not fitting now but when I lose a few pounds or buy a coordinating piece it will be great” WRONG. Years later still moving it around in case one day it will work. NOW with new purchases I tell my self “It’s not working now and selling it later at a garage sale I won’t get NEAR what I paid. Return it get all money back now. Even if I lose weight or want it later - I’ll want something new, not a years old style/item”. Todays item? Compression socks that don’t fit - maybe later ... NOPE I need to return them and get my $25 back. Thanks for your video that reminded me to look for bad purchases and take advantage of the fact that I can still return it.

[@internalspiral]

The dumbest money choice I made in my 20s will makes me cringe endlessly. I cashed out $30k of my 401k to start a business with my bf at the time. His other businesses (they were doing well when this plan was conceived) kinda went downhill and the business never went anywhere. I blew $10k on nothing notable, the other $10k was for he business, and Uncle Sam happily took the last $10k. We are no longer together but he did pay me the $10k back. It may only be money but that will forever haunt me.

[@georgiawilksch5708]

on the last one, i have measured a bunch of spaces in my room and lounge with ideas for what i would like (drawers, boxes, coffee table...) and have all the measurements in my phone, along with a couple tiny tape measures in my handbags so if i see something, i can do a full check and get it, no regrets. I can be an impulse shopper, so specifications on hand can help make them informed and useful purchases.

[@jenniferzottoli5496]

I love these videos so much! And that puppy is the cutest.

[@natalieeuley1734]

I'm 23. My dumbest purchase so far has to be a tie between my nook and my Chromebook. I have a cell phone and a Windows laptop, and between those two things, I haven't needed my tablet or Chromebook for anything. I wanted the nook to read ebooks, but I found that wasn't really something I do much. I can't concentrate to read ebooks- they have to be real books. I got the Chromebook cause my PC was big, slow to load, and had low battery life, which made it suck for things like meetings and conferences. But I got literally the cheapest Chromebook possible, and while it's small with good battery life, it doesn't have the memory to handle its own programs. So it needs to be restarted constantly. I really don't use either one of these items and at this point they are just backup devices in case something happens

[@Lisa_Oz]

So as a housewarming gift, my uncle offered to buy me a kitchen aid mixer. Now I cook but I’m not a baker. I shouldn’t have let him because now I have a 500 dollar mixer that I’ve used once in the year I’ve had it. It is a great investment, if you’re going to use it.

[@divyakandulna779]

Haa haa haa.. Totally relate to the kitchen stuff. I bought good stuff but there are so many plates and serving spoons.. Steel spoons with non-stick pans, that's a disastrous combination

[@Msalazar2011]

I’m 24, and I’ve made some big purchases in my life... $150 on a keyboard with different accessories, $75 on various albums by artist I love, $800 on my iPhone 7Plus, and well over a thousand dollars on Kickstarter to support a cause that I definitely believe in. But the thing is, these decisions that I made, I do not regret. I use and enjoy every single dollar spent on these giant purchases. I do not consider them to be dumb purchases, but rather money well spent on thing that will bring me joy and experiences that will last me a lifetime.

[@jessreadscards]

I'm starting to realize that the apartment I'm currently living in is the dumbest purchase I've ever made. Don't get me wrong I love my little space, but I'm so far from my friends and have no balcony. I moved in January not even thinking about the summer and how badly I want a balcony. The important this is that I've learned from this mistake and know what to look for in the future

[@sandraisaksson7853]

Every year in Sweden we have a thing called "bokrea" which roughly translates to book sale. Each year I would find an inspirational book that I just needed to have! None of which I actually read. As late as yesterday night I made the final decision to get rid of my last book that I just bought on impulse. I learned my lesson and impulse purchases is now a thing of the past :) Thankyou for sharing your story.

[@Freya88888]

I clicked on the video, it had an ad. I skipped that ad and instead of the video, a new different ad started playing.

[@TheMeganExperience]

SOOOO RIGHT ABOUT THE KITCHEN; I want to share my own experience briefly as comedic proof... when we rented our first house, we went out and bought a fancy matched mid-range pot n pan set which cost 150$. Over the next two years it flaked and fell apart and I found myself just wishing I had a nice set like my mom's old Revere pans so I slowly found (piece by piece) a complete vintage Revere (pre 1960s) set of pots and pans for less than a dollar apiece at garage sales. That's what I've been using now for the past 4 years and I couldn't be happier ^-^

[@TheCameraLuvsMe]

Thanks for this! I'm 23 and still making dumb purchases lol. I ordered this skater skirt that looked beautiful in pictures and had A LOT of great reviews, but I should have read the negative reviews instead. It's been a year and I've washed it probably twice and ironed it multiple times (it wrinkles so easily) but still haven't worn it because the material looks so bad when I put it on. I think my life would be better if I was in the US and could return shit but unfortunately shipping is a hassle where I am so I continue to take giant risks. At least it's not a coat 😂

[@KyleHohn]

Can we talk about how nobody needs that many pillows?

[@StubbornPrincessEmii]

I saw your dog at 9:32! You're dog is so cute! What's his/her name, and what type of dog is he/she?

[@thefinancialdiet]

Thank you! Her name is Mona, and she's a mutt. (Havanese, Maltese, and Pomeranian) -C

[@elfpvke]

#1 best purchase right there :)

[@HelenLoves2Create]

I keep reading "the dog" I'm like what are you talking about...lol.. I totally missed it

[@dh5573]

100% agree. If you’re moving somewhere, say, for work or for school, start scouting for housing as early as possible. Couch-surf, stay in a motel or an Airbnb, make sure you see as many houses/apt as possible, it’ll save you a lot of money on your future rent.

[@bradydomann3102]

I'm 22 but when I was 19 I did cam-girling, and since I couldn't tell anyone about this morally-foggy source of income, I blew it on $2,000 worth of clothes from The Limited that I literally just don't even have anymore. I definitely should have put that down on a car (I live in a suburb where it's more ideal to have your own transportation) but I felt like I couldn't explain how I got it, so I just didn't. Biggest mistake of my life.

[@thatssjess9533]

#1 I had my dad buy me a ninja for my bday a few years ago because I was on a health kick. Its an $80-90 blender. Ive used it like 4 times lol. #2 Ive bought soo many clothes where ive gone like "i could wear this at a wedding, concert, date night, etc". I never do half of those things, and i end up forgetting about the clothes and buying new ones.

[@xmuccix]

Thatss Jess Same thing with me with the Ninja blender!!! Lol asked for it for Christmas and I hardly ever use it

[@littletinyegg]

that is so funny the ninja is one of my favorite kitchen appliances and I always tell people it is so worth it! I use it almost every day.. goes to show everyone is so different haha

[@kaygarcia3990]

Lol that's my favorite appliance. I use it for my smoothies or to make sauces because blenders are so inconvenient.

[@richild3967]

I bought the ninja too what a waste

[@13ikea]

Thatss Jess definitely #2

[@butsoftwhatblight]

I bought a $1200 cello, went for 2 very expensive lessons, then quit because the teacher was so horrible to me. I still have the cello. I find a new spot for it every time I move, where it stays until I move again.

[@rogerickcunningham4964]

+The financial diet I like this channel cuz you guys are relatable.. It shows that progress doesn't have to be Orthodox the way society deems it to be.. so I dont beat myself up feeling like am the only one going through a tough time figuring out adulthood.. So thank you guys for sharing your personal experiences.

[@cherryoctopi]

What the heck!! Nobody ever learned how to return?

[@Merchellah]

cherryoctopi you cant always return things that were on sale

[@notaestheticcm]

My dumbest purchase so far would be spending so much money on skin care products that doesn't actually work for me and ended up not using them. I could have gone straight to a dermatologist instead of randomly choosing products that I'm not even familiar to begin with.

[@greasechoreography5501]

I have to know: Was it fox fur or FAUX fur? Every other person here is concerned with an animal having been killed to make a coat with it's fur, and I'm just like ...."it's pronounced 'fo' fur".....?

[@jennifervshs2012]

For the price she spent it was most likely fox

[@lindajumps]

Paying for pick-up services when i would just walk to the place. Little amounts at a time but thats a lot in the end.

[@ahnaftalukder2847]

I can relate because my brother spends way too much on shoes. He trashed my shoe so I started wearing his already but less torn up shoe. He has two more shoes. Sometimes if I have to do some kind of presentation or it's something important then I wear one of those shoes. One day he's like: "you can keep that shoe" and he'll buy a new one. I'm like: "Really!?" 😑You may keep your shoe. I'm in a pain seeing your "shoe" spending. Edit: I know that I'm spamming some comments but I have a lot things going in my mind that I want to share. Also, I didn't talk about my spending because I don't spend my money at all. I have a habit of saving. But.... I am saving for a pretty expensive gaming PC. Well... That's gonna be my first bad purchase probably?🤔 Idk it may turn out as a good experience. I'm a tech spending kind of guy.

[@nixuma745]

BangladeshiBoy 101 same with my sister and brother. I'm trying to lose weight atm and most of my wardrobe and gears I get from them like tons of unused branded clothing (since she lost weight, herself), Nike yoga mats and knitted trainers that cost about $150 and didn't even fit him. Figured since I'm losing weight I wouldn't use them after some months so why spend the money? And I agree, it's so different with tech tho. Even with the high depreciation value, I can still justify the usage. Well not for my note 8 (also have the 5 which is kinda dumb cause I kinda like the note 5's screen) and I'm so tempted to buy the surface book/studio & gear S3 but since I can still use my surface pro 2 that is more advanced than some newer laptops (able to use Photoshop and autocad simultaneously and granted that it was since 2013) I'm torn.

[@teagan_p_999]

I love my gaming PC, if you save for it, enjoy it, and it doesn't ruin your budget, I see no problem. My Steam library thanks to Humble Bundle is the real problem...

[@taylorwatson6919]

I paid 2000 extra dollars when I was buying my car because the salesman convinced me to get an extended warranty type thing that I didn’t really need. I also didn’t know how to haggle so I just said yes ay the first price I was given. Long story shot it’s 2 years later and I still owe more than the car is worth.

[@emilytoomey2535]

I wasn't in my twenties yet buut I bought a custom-made prom dress ONLINE senior year of high school for around $200 that I still have not worn to this day because it looks awful on me and totally doesn't fit. It sits stuffed in a box next to my dresser to this day. Some other dumb purchases were from my freshman year of college: Going out to eat EVERYDAY and buying $10 sandwiches instead of eating at the cafeteria near my dorm for which I was already paying in my monthly rent bill. Lastly, the stupidest of all: spending money on alcohol that would then lead me to buy more unnecessary unhealthy food aand lead me to break my iPhone TWICE leading to me spending over $1000 on new phones and screen repairs. However, these were all a few years ago and all definitely learning experiences from which I have gained wisdom that helps me make the right decisions today. Your videos are also helping me become more aware of my financial decisions in the past, present, and future, as well as being very relatable. I can totally relate with this one as well as the "6 Smart financial decisions made in my twenties". Soo thank you fro the awesome and helpful videos! Keep 'em comin'!

[@karenmutoro28]

I forced my two younger sisters to buy me a $ 460 dress for my college graduation. I have only worn it twice. After losing my college gained weight, the dress is too big, but I can't let it go!

[@katieoneill7808]

Karen Mutoro get it taken in!

[@HarunoHime07]

Made friends with my previous tailor, she was so helpful. Also, tip when you do get it altered

[@savannah4439]

I was like 17 or 18, and I made my parents buy me a $600 (before taxes) prom dress. It’s years later now and I still regret it. I only wore it once!

[@dope3618]

i feel this so hard. i was mentally unstable & my prom sucked lol never even got to see any of my photos with me in it

[@sarahchapman2698]

The most dumbest purchase of my 20s was getting dreadlocks installed in my hair, I thought I would look cool and individual, turns out I dreadlocks do not suit me and nobody liked them! I took them out a week later, bye bye £175 I love these videos please keep on posting them!

[@dianaaugustine5438]

I'm only 22, so I am sure I have many more dumb financial decisions to make, but my dumbest so far was my college apartment. At the time I was looking, neither my roommate nor I had cars, so we decided that wherever we lived had to be in walking distance to campus. Worst Mistake Ever! We went online and picked the cheapest apartment within 2 miles of campus. We toured it once before signing. I should have checked the place out on a Friday night. For some reason, I had this idea that people who wanted to live by campus would be studious people who wanted to be near their classes. I was so wrong. We ended up between a drug dealer on one side, a large group of squatters with lots of kids on the other side and heavy partiers downstairs. The apartment had paper thin walls and the floors were water damaged, so that I thought one day someone would fall through. I also found out that because I was in a college town, the noise laws were written so that they didn't apply to my neighborhood. After calling at 4am on a week night once again, the police told me that they weren't going to do anything and that I needed to stop bothering them. I ended up sleeping in my car on multiple occasions. It was horrible. When I asked my neighbors to quiet down, they would just curse at me. Our grades suffered. Next time, I will be very careful about where I live, even if I have to pay more for it.

[@angelajones-vc5ls]

You need to sell that coat on eBay!! Sign the label and list it as "Infamous Financial Diet Coat." 💖👍

[@BluInfinity]

I love how the tiny pupper just blends into the couch. Also, really good advice. I've definitely spent too much money on clothing that just didn't get worn. It was an impulse purchase and it wasn't a smart move. Thankfully, there's Poshmark so I can at least recoup *some* of those losses. I'm also gutting my board game collection for things that don't get played. I may have a rare one on my hands that might get me a decent price online.

[@theninthofjanuary]

I never online shop, I need to feel it and wear it to really know it's worth it. But every now and then, I'll see something that looks so nice and I'll get an itch to click that buy button. And every time I do, it's the worst thing ever and I can never return the item cause I bought it on final sale. === WASTED MONEY ;_;

[@elizabethdean8345]

Vacation "club". Just... never. Just don't... the bitter regret and frustration I have had to swallow for the past 5+ years has not faded...

[@marietweedy2879]

Thank you for sharing these. It makes me feel a little better - although I made bad financial decisions into my 30's. Love your blog and now your channel.

[@hide904]

OHMGOD. You lived in France for how many years exactly? This is what I want to do, well after I graduate I'm going to get into ESL.

[@AnnekeOosterink]

Please make sure you get a teaching certificate for English then, I have seen so many people who just assume they can teach a language because it's their mothertongue. That's not how it works unfortunately, and on top of that you teach ESL students, they will have very different needs than EFL students. So if you want to teach, get accredited. Good luck!

[@xshesyourqorqeousxx3]

"Yes of course I was 22, an idiot, and funneling my stupid purchases through my boyfriend was an even worse way to make them". Lmao why she come at me like that 😂😂

[@estilobyelizabeth]

Chelsea, you are so awesome! Also, I had NO idea you didn't have your degree, that's pretty cool that you paved your own way, through mistakes and all. I've made really dumb purchases throughout my twenties but for me the worst ones have been one time things like overpriced Halloween costumes or bad drugstore makeup that didn't work. Or every dress that I've only worn once. It adds up and doesn't add anything to my life.

[@tboykin13tb]

Da 🐕gie 😊.. 12:12, U scared him!! 🙊

[@elmichele]

Chelsea, I begged my husband to take me to see Celine in Vegas, and cried like a baby through the entire show!! It was one of those times where actually getting what I wanted was so overwhelming. Great minds, great taste. 😁

[@kaylar4229]

DC public transportation isn't so dependable these days, but you're right people use it.

[@madamelicorne581]

I'm pretty shocked that you would push your boyfriend into buying something so expensive for you. It's good that you now regret it, but I don't really get that someone would stay around if that happened to them tbh.

[@siddhantgoyal8709]

LOL, as amazing as she is, her anecdotes do often make me feel like she was sort of bratty in her early 20s. No offence meant towards her present self.

[@cshayen]

Get over it Madam perfect

[@aquietlife8234]

If you can't be bratty and annoying with your partner, who can you be bratty and annoying with? Clearly she regrets it and it was a lapse in judgement or a time of growth. Part of finding someone who loves, appreciates and understands you is that they stick around through the worst of you and help you become a better version of yourself. You're also speaking in absolutes, as if this is the only side of her personality. Clearly she's a multi-faceted human and her partner enjoys other aspects of her character.

[@allisondoak9425]

Fuck $500 isn’t worth more than someone you love.

[@DirtyPrancing]

I disagree with all of the comments below. Insisting your partner buy you something outrageously expensive is selfish and disrespectful. I wouldn't stay with someone who did that to me either.

[@ashleypetersen5945]

I'm 19 and watching so I can learn from others mistakes. Thank you!

[@ahnaftalukder2847]

Don't talk to me about kitchens. I have no idea about what you're saying.😅😂

[@timothykeen6410]

I spent an extra year in college because I felt obligated to minor in something as well as do some internships. And while they look nice on my resume, looking back I don't really think taking out the extra loans to cover a 5th year was the smartest thing to do. If it's one thing I could change financially, it's being smarter about college. Many people will tell you that you "might as well go an extra year" since you're already heaps in debt. Don't listen to them. Try your best, work your hardest to graduate early and save the extra money.

[@clevernamehere1]

Imma be honest I stopped listening as soon as I saw the pup!!

[@sheltiegirl423]

Kitchen items that you know you are going to use are a great investment! Two of the best purchases I've made in the past year or so (that actually didn't even cost all that much) are my blender and my food processor (I bought the food processor used for a bargain, which makes me feel even better about it). I can't think of anything that bad that I've bought in my 20s, since I tend to go the opposite route and not buy things only to wish I had. The things I've regretted the most are clothing items that other people said looked good but that I never or rarely ended up wearing.

[@Morbius907]

You should rethink how you feel regarding the car purchase. I don't think you factored in the number of extra times you would get sick by taking public transportation. It may be different in New York but when I lived in Los Angeles I used public transportation for several years. Once I was able to purchase a car I noticed a dramatic drop in the number of times I got sick. It seamed like everyday when I was on the bus I would hear someone coughing the entire ride.

[@NumNumMunchies]

I’m paying for community college out of pocket from a part time job and I’ll be getting a car payment on a car that’s probably too expensive for me but I can’t stop myself. I’m gonna go hungry and it’s my own fault but at least I’ll get thinner.

[@Janelle-ws3cy]

NumNumMunchies find out why you feel the need or pressured to by those items...then fix it.

[@nancylomeli7781]

NumNumMunchies same asf