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It is just a truth about life that money is an essential for survival. So we try to hoard and save as much as we can. That's why it can be stroke inducing when funds are depleted, especially because we trusted the wrong people to help us with growing our prosperity.

Redditor u/Miserable-Tea-1836 wanted to hear about what NOT to do when it comes to controlling wealth by asking..... What's the worst piece of financial advice somebody has given you?

Mama Thiefest

thief stealing GIF Giphy

When my mom said that she will hold my money for me as a kid.

Memedme2020

R-A-C

"Just get it at Rent A Center".

Tbables

I had a coworker that got pretty much everything there.

"It's only $20/week, and they'll replace it if it breaks."

$20/week for how long? Oh cool, so you're paying more than double for it? Got it.

homomomoatx

Bad Parents

So when I was 24, I was financially struggling. I had a job that worked me a LOT of hours, but only paid me $10 an hour.

My parents talked me into buying a BRAND NEW 2004 4-Door Honda Civic, the pre-interest price tag on it was about $25,000. A few weeks after getting it, my hours got regulated and it took one entire paycheck to make the monthly note on it - I could NOT afford the insurance on it.

I very quickly realized my parents were bad at money.

Worlds_Best_Coffee

Take It

Take It Giving Up GIF by Movie Trivia Schmoedown Giphy

My cousin bought a camper, went camping once, and then decided camping wasn't for them. Rather than selling it they decided to just stop making the payments and "let the bank come and get it." Which, eventually, they did.

devospice

Without a Dime....

My grandfather was pretty wealthy and gave us $50-$100 each birthday. My mom "kept it safe for us". I'm pretty sure she used it at least once to pay the light bill when the power got shut off so at least it went to good use? Never saw a dime of it myself.

Kougaiji_Youkai

All the Debt

My father would tell me to max my credit card on a new car and if they asked for payments just say F*** em, what are they going to do?

My father is several levels of debt hell deep that he's trying to get out of now, but he's at least trying.

LuluTopSionMid

Oh Auntie....

My aunt took me to a car dealership when I was looking to buy my own first car. I was looking at the clunkers I could afford, but she said I should be looking at the new cars. She said, "the total price doesn't matter because you make monthly payments." I suddenly understood too well why she had always been so financially unstable.

rleash

Burning a Hole

happy drag race GIF by Robert E Blackmon Giphy

"Spend it quickly or it'll get stolen."

Coming from someone with a history of losing and blowing their money.

ChilledGopher

Weekly Issues...

My FIL when I mention our retirement plan "I never contribute to my retirement account. Money now is always better than money later" I needed to have a conversation with my husband how we would NOT be supporting his mom and dad and their insane spending when they have no retirement plan and make huge financial mistakes on a weekly basis (good news is they both make good money).

luvbugsweetheart

911

season 3 emergency GIF Giphy

That an emergency fund wasn't necessary when you can always get a payday loan or use your credit card. He wasn't joking.

girlfromspfd

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