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Learn From Your Mistakes, Then Move On

Money Tip: Learn From Your Mistakes, Then Move On

Sometimes, no matter how much we're on top of our expenses and feel in control of our finances, mistakes do happen. Take, for example, a recent money mistake compliments of yours truly. In my attempt to purchase the perfect wedding gift, I failed to pay attention to the currency in which the present's price was listed. Had I not been so excited in my pursuit I would have noticed the price was not in dollars like I'd thought; rather, it was listed in euros.

There was no turning back after I'd made the purchase, and while at first I kicked myself, I realized that it was hardly a waste of money. Was it more than I intended to spend? Sure, but when you live within your means, these mistakes don't come with as big of a blow as they do to a budget that is stretched to the limit. I was able to gracefully absorb the ditsy moment by reducing extra expenses a bit more, but it's certainly a mistake that I won't make again!

Have you made any expensive money mistakes lately?

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Taadie Taadie 7 years
I screwed up and accidentally paid the same bill twice which almost made me overdraw my account. Luckily I had a check coming in but I was still pissed. On the bright side this means that I wont have to pay that bill next month.
lawchick lawchick 7 years
I bought an old house that ended up being a money-pit. everything is breaking and I'm having to spend tons of money on repairs and just live without some things because we can't afford to get them fixed (like the dishwasher that broke last night). it's a nightmare!
weirdy weirdy 7 years
yaaay!!!
weirdy weirdy 7 years
yaaay!!!
weirdy weirdy 7 years
i maxed out on my credit card and withdrew 5k from my savings to shop :( but i have made amends.. i pay off as much as i can everymonth and set aside a fixed ammount for savings and also living on a cash only budget. i feel so proud of myself cause i have just about two months left to settle my debt with the credit card company and have recovered about 3k of the 5k which i burnt. :)
wambalus wambalus 7 years
absolutromantic - but think how happy you made your servers!
absolutromantic absolutromantic 7 years
Ugh, this story is from last week and it frustrated me so much even though it really wasn't a ton of money. A friend and I went to this tea shop and got this amazing special where you get a pot of tea and two scones for $10. So basically $5 a person for a great date! When it came time to pay, we looked at the bill and decided to give $15 - a pretty nice tip. However, in making change, somehow we weren't thinking about put in $15 EACH! That meant $30 total, or a 200% tip. I realized about an hour later when we were each walking home, and I called my friend - she had totally missed it too. I know it's only $8 extra, but I was still really mad at myself for screwing up.
absolutromantic absolutromantic 7 years
Ugh, this story is from last week and it frustrated me so much even though it really wasn't a ton of money.A friend and I went to this tea shop and got this amazing special where you get a pot of tea and two scones for $10. So basically $5 a person for a great date! When it came time to pay, we looked at the bill and decided to give $15 - a pretty nice tip. However, in making change, somehow we weren't thinking about put in $15 EACH! That meant $30 total, or a 200% tip. I realized about an hour later when we were each walking home, and I called my friend - she had totally missed it too. I know it's only $8 extra, but I was still really mad at myself for screwing up.
ilanac13 ilanac13 7 years
that's definitely frustrating - to not realize that you're not dealing in US dollars but in something else that the US dollar doesn't hold strength to. i'm sorry that it happened to you. there are times that i forget about what i'm spending on things and that i could really get them much cheaper...but i've made an impulse buy. it's one of those take a deep breath and learn in the future things
ilanac13 ilanac13 7 years
that's definitely frustrating - to not realize that you're not dealing in US dollars but in something else that the US dollar doesn't hold strength to. i'm sorry that it happened to you.there are times that i forget about what i'm spending on things and that i could really get them much cheaper...but i've made an impulse buy. it's one of those take a deep breath and learn in the future things
gemsera gemsera 7 years
I maxed out my credit card in like 3 days, when i was 18. So never again will I have a credit card. Oh and I owe ALOT in debt still but im not adding to it and I'm paying it off seriously fast so...
CoralAmber CoralAmber 7 years
I always hate buying something because I "had" to have it, then finding it cheaper online. My first big financial mistake was getting talked into a cell phone contract because I "won" a phone and missing the cancellation deadline by days. I had to pay over $200 in cancellation fees and it negatively effected my credit for a bit.
dcfashionista dcfashionista 7 years
Got a new credit card last week for "Emergencies" only. I put a dinner on it, two dresses and a nail salon visit. My explanation is that the card has zero interest in January. I will pay it off soon and stash it for sure.
Frenched Frenched 7 years
Yeah--I've been nearly flawless at not charging anything to my credit card but since my new job I am getting paid at different times so I've had to start charging a bit into my credit card until things get adjusted. At first it was purely necessary stuff and all of a sudden I started purchasing home stuff that I didn't really NEED. I feel pretty guilty but it's time to move on and try to keep paying off my cards.
cmd0610 cmd0610 7 years
Oh and yes I've defi had to cut myself out of other purchases to make up for it . . .example cancelling my gym membership.
cmd0610 cmd0610 7 years
Maybe I'll feel better after confessing this because I've been dealing with it for many months now (although my fiance has told me a million times it's ok) . . . I bought a non-refundable plane ticket to see him in Paris last year and then found out that I had to wait 90days to start taking vacation at my new job . . so I had to abandon that ticket and buy one for a shorter period so I wouldn't need to take extra days off work- luckily it was a "cheap" international ticket but still several hundreds of $'s!!!!
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