Foolish Money Moves
If you are a regular visitor to this site or my podcast, you know that I host a happy hour on my podcast on the last Friday of the month, and while this is technically the first Friday of the month, I thought it would be perfect to host a happy hour today since this is not just any first of the month, this is April Fool’s Day.
In this episode, the happy hour ladies and I talk about various foolish money moves we have made in our lives and what plans we have in place to avoid them in the future. We also go through a fun game of “Is it a Foolish Money Move or Not?” As usual, we have lots of fun, and I hope you enjoy!
What are we drinking?
Melanie from Dear Debt — Cabernet Sauvignon
Tonya from Budget and the Beach — Mini bottle of Laurier sparkling wine with a shot of kombucha
Mrs. Frugalwoods from Frugalwoods.com — Boxed red wine
Shannon — Water
April Fool’s, Shannon is drinking a glass of champagne!
- Melanie’s foolish money choices include overspending on friends, stupid ex-boyfriends, and going to NYU ($50,000/year).
- Frugalwoods says in the past she made foolish money choices when it came to food.
- Tonya’s foolish spending includes trying to become a life coach, buying a fish, and new cars.
- Shannon’s top foolish money choices include paying off her first car and purchasing a new car soon after and putting hardwood floors in her small office.
- Shannon then asks the ladies their views on if certain money situations are foolish or not:
- The ladies agree that lending money to family/friends is generally foolish and you should understand you probably will not get your money back.
- Tonya says that after already spending money on health saving measures to save her pet’s life, if the prognosis was bad, she would not do it again.
- Frugalwoods says it depends on the pet’s quality of life.
- The ladies all agree that spending money on monthly subscription boxes is absolutely foolish.
- Melanie thinks spending money on cable TV is foolish, and Mrs. Frugalwoods and Babywoods agree.
- Tonya defends it for those who watch sports.
- Shannon believes it is foolish for the most part.
- The ladies give advice about how to avoid making foolish money choices.
- TAKEAWAY: We are all susceptible to making foolish money choices. Let go of the mistakes you make and learn from them for the future!