Foolish Money Moves - Happy Hour Style
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!
Podcast Notes
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!