There are a lot of ways to lose money. I’m sure you’ve lost some money in your time, from big amounts to small amounts. Any loss of money should sting you a little; otherwise, you won’t learn to value money properly!
But there are some ways of losing money that really sting. They range from weird, to incredibly unfortunate, to just plain stupid. They aren’t the most common ways that people lose huge chunks of money. But they’re still more common than they should be – especially because they’re often avoidable.
Want to start getting smart with your money? Or maybe you simply want to protect yourself from wanting to kick yourself in the near future? Then here are four weird (and awful) ways to lose money that you should avoid. And if you can’t avoid them, at least deal with them properly!
Getting injured while on vacation
Vacations are supposed to be fun, right? Unless you’re in another country on business. Which I guess isn’t really a vacation. Whatever the reason, you’re in another country. You’re not supposed to be having an awful time. But all of a sudden you find yourself injured. And that’s when you learn that getting the most basic treatment can cost you tremendous amounts of money. Make sure you get insured before you visit another country! (Although, if I’m honest, people are more likely to suffer this problem going into the US, not out!)
Being charged with a crime
Well, this is embarrassing. There you were, minding your own business, when suddenly you find yourself handcuffed and charged with a crime. Okay, maybe you weren’t minding your own business. Maybe you actually committed a crime. Whatever the case, you could be setting yourself up for a long and expensive legal process. You need to look into effective criminal defense attorneys if you want to ensure you lose as little money as possible. It’s all about getting bang for your buck when it comes to your defence.
Letting your car wander into disrepair
So your car just broke down. The professionals are telling you that nearly everything in your car has broken in some way. The engine overheated. The timing belt snapped. Your tyres have worn away. It’s going to cost you offensive amounts of money to get it back into driveable shape. This happens all the time to drivers. And the vast majority of the time, the whole problem could have been avoided. I’m sure you’ve heard about the importance of car maintenance before. Well, stop ignoring it! Give your car some attention on a weekly basis and make sure it’s not on its way to expensive disrepair.
Having all your funds in one investment
This one is going to sting a lot. Not just because you lost all of your funds when that asset collapsed. But also because literally everyone around you is going to say “What the hell did you do that for?”. I hate to say it, but this one is simply common sense. It doesn’t matter how confident you are about this company or that foreign currency. You need to be smart about your investment choices. The number one way to be smart about it? Don’t put all your funds in one place!
