Over at Debt Kid he's running a contest right now with a grand prize of his almost new DS-Lite! What do you have to do to win? Just write a blog post about your dumbest purchase ever, and trackback to his blog.
I thought I'd give it a shot. I recently wrote about my 5 biggest money mistakes, and some of those mistakes included dumb purchases , mostly buying tons of expensive gadgets that I didn't need.
Today, I thought I'd give a different answer to the question, “What is your Dumbest Purchase Ever?”
My Dumbest Purchase
My dumbest purchase could have ended up being a good purchase, had it actually been used. When my wife and I were first married, we both got on a health kick, and decided to join our local gym, Lifetime Fitness.
This fitness club was state of the art having just been built a year or two prior to our joining. They had indoor and outdoor pools, fitness equipment of every kind, basketball courts, cafe, salon, masseuse, etc.
We were going to start going to the gym 5 times a week, and get back into shape. We were both going to shed those un-needed post marriage pounds.
Then life got in the way.
We hardly ever ended up going to the gym. It was several miles from our house and we just never were motivated enough to make the trip to the gym. Not even all the money we were wasting every month (around $70) was enough to get us up and out the door.
Finally after having our memberships for almost 2 years, we decided to finally cancel the memberships. All in all we probably went to the gym once or twice a month, and wasted well over a thousand dollars on membership fees. Lesson learned.
What's your dumbest purchase ever? Head over to Debt Kid to share your story!