What are the dumbest financial mistakes you've seen people make? I know you have stories, Veeky Forums

What are the dumbest financial mistakes you've seen people make? I know you have stories, Veeky Forums.

Start off fresh.

>tax prep volunteer
>get a fat welfare bitch, 70 years old
>tells me she stopped paying all her bills for almost a year, including the mortgage
>because her 50 year old, unemployed, homeless, single-mother daughter told her to
>didn't question it
>only started paying again when a social service worker told her she would lose her house
>can't tell me anything about how much she made or spent, or on what
>can't remember her own address, social, or phone number

>girl I know related by marriage, 19
>talked a whole bunch of shit about going to medical school
>question it because she isn't that bright
>like clockwork drops out first semester because they won't let her use her phone in class
>becomes stripper and pizza delivery girl
>thinks she's making good money
>gets pregnant to bf of 3 months
>buys brand new car, financed of course
>has to drop stripping, then pizza job too, due to pregnancy
>no income
>car note due
>bf loses one of his two jobs
>she goes crying on facebook asking for money
>her own mother is dirt poor and driving a car with 300k miles on it, eats from a food bank
>wants her mom to pay for her car note
>she isn't capable
>complains on facebook that her own mother refuses to help her
>causes huge drama (irrelevant)
>bitch starts selling "homemade candles" through facebook
>they're shitty
>she doesn't make any money
>may have actually lost money from supplies expense
>kid is born, they're living with bf's family
>hear she has "depression"

>mother of young pregnant stripper
>no real education, took loans to go to shitty online scam school, still hasn't paid them off, never graduated
>ten years ago her father died, got money from insurance
>could have paid their debt, or paid the bills, or got potable water for their house (they can't drink the water...house is technically designated uninhabitable)
>they gave it all, 10k, with no contract or note or signature or anything, to some friend of a friend who said he as gonna be the next big rap star
>said he'll pay them back like threefold when he made it big
>they hand over the cash and never see the guy again
>everyone told them not to do it but they wouldn't listen and got mad at us
>find out reason
>the guy had the same birthday as her dead father so she thought it was a sign...or some shit
>despite being on food bank assistance and not having potable water, they've taken numerous vacations to fancy resorts and own 3 cars (two of which don't run), a boat, at least one four wheeler, numerous bikes, and god knows what else
>also let some guy and his pregnant teenage girlfriend live in their attic for $20 a week (which doesn't even cover the food they eat)
>the guy steals from them and has stolen from them every time he came to their house since the time he could know what stealing was
>they literally have video evidence that he steals their loose change
>still let him live there because reasons

Just glad I don't share blood with these people.

oh hey look Oklahoma made it to the party

Bruh, do we know the same person?

Similar story.

>In college
>19 y/o girl who keeps flip-flopping between going to med school and becoming a lawyer
>believes she is prodigy destined for success
>gets part-time job as a hostess at a red robin
>finances for a brand new Honda Accord
>talks down to me and other classmates like we're idiots (I literally carried our group)
>complains about having no time because she works part-time and has to go to school.

No idea what happened to her now, but ye she's a downy.

You'd think but I live on the northern east coast.

>father
>deeply in debt, 30k in cc debt, underwater on his ghetto shack of a house
>convinced because of a youtube video by some chucklefuck that the world is ending
>something about a stray planet or black hole or shit coming close enough to earth to switch our poles around
>yeah I don't know, he doesn't read books too often
>he takes several weeks of vacation, which he can't afford, and spends 2k on a trailer, which he can't afford
>buys a bunch of canned food and drives into the mountains for a few weeks
>because the mountains will save him from teotwawki and the north and south pole switching electrical charges
>wish I was kidding
>still has the trailer, this was 4 or 5 years ago
>trailer is full of his shit
>by the way, he's an impulse shopper and a veritable hoarder
>he can't even park it on his property, has it on a relative's land

Upstate New York or Boston

>grandmother
>senile, refuses to give up her house and move to a home
>one day some guys sell her a new roof despite her roof being perfectly fine
>pays them 15k for some reason, doesn't tell anyone, this is all the money she has
>can't afford mortgage or bills
>shit gets shut off, dad finds out like 6 months after the fact, helps her sell the place, she barely makes it out without still oweing
>(also underwater...refinancing or reverse mortgage or whatever, they don't bother asking the one college grad in the family for advice)
>gets shipped off to TN to live with a relative
>but wait, grandma is also a hoarder!
>an an animal hoarder on top of it, with over 20 cats!
>everything in house is trash and reeks cat
>can actually smell the cat stench from 100 yards away from the house
>her and her person also stink heavily of cat, yes, quite horribly so. I never hugged grandma much as a kid.
>hoarder problems, can't give up her shit despite having to share a 1 bd apartment with her daughter now (they share a bedroom)
>ships her yarn collection, which filled one and a half rooms of her house, to TN
>the one is in a small apartment, the other relative lives in a shit shack, can't find space, they rent storage unit
>spending $150 a month to store $100 worth of old cat-stenching yarn that she can't even access
>they can barely afford to eat

>my own grandmother
>inherits a small fortune, next of kin of late husband
>proceeds to all but spend all of it in a fruitless lawsuit
>spends it on trivial shit, new cars, boats, whatever
>have a very nice cottage, owned for generations by family
>could have not had to break our backs to keep it as our previous generations have had to do
>now we have to if we want to keep it

son of a motherfucking whore cunt slut.