If You Blow Your Money Like A Frivolous Rich Kid, Prepare To Feel Incredibly Seen By This Reddit Thread

This is an intervention.

One of life’s most cruel conundrum’s is that fun stuff costs money. Capitalism is clever and it has its claws in deep.

Which brings us to this Reddit thread, in which a self-confessed ‘rich kid’ pretty much admits they suck at being financially independent and so is asking for advice before things get too messy and debt-heavy.

How to break bad spending habits as a “rich kid”? from personalfinance

We must acknowledge that it is an absolute privilege to relate to these woes of spending money frivolously, as it’s not a luxury everyone can afford. That definitely intensifies the guilt felt for failing to budget even with an adequate access to funds.

So for financial hot tips, there is honestly a lot of really useful, valid advice on this thread. But if you’re a self-conscious silly spender, it’s pretty ruthless so prepare to feel absolutely seen.

Let’s start with Reddit user SoggyMcmufffinns, who has kindly pointed out that,

“The great news about finances is that isn’t necessarily complex just not always easy to maintain emotional self-control.”

User albl1122 highlights that,

“A lot of debt situations start out small and then just gets worse”

Admittedly, this advice is very true. But it is also a bit extreme I mean chill OUT Scotts_Tots88.

“Create a budget. You’re spending is out of control because you do not have a plan for your money.”

“Start planning how you are going to spend EVERY dollar. First pay your bills, then save, then the left over is for extras like breakfast at that coffee shop. If you don’t have a plan that will be lopsided and you will spend on the extras first. “

PissedTuna thinks they’ve got it all worked out and honestly, I don’t love their attitude.

“I track every dollar I spend. Once you have a spreadsheet setup and everything written out it takes about 20 minutes a week. Save your receipts and put them in a spreadsheet every Sunday night.”

SquirrelTale is basically suggesting you chew your food then spit it out.

“You really only need 3 pairs of jeans as well. For me, I find online shopping and just making wish lists (and not actually buying anything) helps.”

Draculopin is out here coming for our Sundays AND our indulgent number of meals eaten out.

“You can avoid lazy sundays by having meal prep Sunday, spend 2-4 hours making meals, put them in containers and take them with you or have them ready when you want to eat”

To sum up the world of budgeting, Hyperobjeckt is coming in hot with some rough advice.

“Pay yourself first: keep increasing the % that goes out of each paycheck into savings/investment accts until it starts to eat into the money you’re spending each day. Then you’ll start cutting back on spending out of necessity, in order to accommodate your new saving habit.”

It even comes with its own bleak-ass motto. Yay.

“Another way to phrase it: keep saving till it hurts. Works for me :)”

Basically, improving our spending habits requires admitting that we have very little self-control and a completely warped perception of what is necessary.

So if you’re spending money like a fool, that’s a good place to start.

Instagram Is Officially To Blame For Your Irresponsible Spending Habits According To New Study On Millennials

Who needs long-term savings when we have cute pics?

We are not the first generation to have our bank accounts plagued by the insatiable thirst of consumerism, but damn, millennials really do love buying stuff.

Seeking out material goods in order to exhibit a personal brand of ‘cool’ and make an impression on others is nothing new. The need for self-expression is a tale as old as time.

But social media has given us access to a much larger audience, and so the desire for new stuff to show off has increased accordingly.

Hence the indulgent fiscal decisions.

This new study conducted by Ubank looks into the impact of social media on the spending habits of Australian millennials and basically it confirms that most of us would rather look boss on Instagram than invest in long term savings goals.

It explains a lot about why we are the way we are, and where the hell all our money is going.

So, here are the cold, hard, facts.

#1 Nearly half of us feel ‘really happy’ about ourselves when we share what we’ve spent our money on with our followers.

That checks out with the whole self-expression-giving-us-a-sense-of-self-identity thing. There’s a difference between a shallow desire to flaunt cash and just wanting people to see the items we have deemed representative of our chosen aesthetic and lifestyle. So just make sure you’re the second.

I’m calling it – it’s ok to feel good for showing off your style online. You do you.

#2 About a quarter of us are buying things over our budget purely because we want to impress people online.

Alright, maybe we should self-evaluate a little bit more thoroughly once we’re throwing financial caution to the wind to impress a bunch of online ‘friends’.

It’s probably best to check in with how much value we’re placing on our digital imprint and whether the opinions of relatively irrelevant observers is worth the sacrifice.

Spend money for you! Not for them! Does anyone understand what that really means!

#3 Two thirds of us admit that the stuff we see while scrolling drives impulse spending.

Yea, fair. Consumerism is a trap and we are weak.

#4 A quarter of us admit we feel envious when we see what other people have purchased.

I mean, of course. Have you seen how cool people are looking on Instagram these days. They call it ‘envious’, we call it inspired.

But also kinda envious.

#5 The research says that 1 in 10 millennials would take 1000 likes on a social media post over $200 in their bank or super account.

Acknowledging that translating ‘likes’ into cash-flow is now a valid social-media career, for the rest of us we should probably be taking the $200. Although, to each their own.

There’s a passionate culture of real dedication to getting ‘the shot’, and there’s nothing wrong with wanting people to appreciate our hard work. So as long as our feelings of self-worth aren’t hinged off the number of likes we rake in, there’s nothing wrong with enjoying some attention.

In short – Instagram is an expensive time-sucker that fuels your desire to buy things.

However, aesthetic is clearly very important to us, so good luck to us all with finding some happy balance between debt and looking fly.

Rats Chew Up $24K Of Cash Inside An ATM In A Deeply Rude And Expensive Metaphor For My Current Finances

These rats are living the boujee lifestyle dreams are made of.

You know when you check your bank account, hoping to see your hard earned dollars piling up but find instead only the rubble left behind by outgoing transactions? Well this bank knows exactly how you feel.

Officials from the State Bank of India claim that when they opened up their ATM in the North-Indian state of Assam, they found rats had chewed up 12,38,000 Rupees in banknotes – nearly $24,000 in Australian dollars. Quite the blow out for the little rodents.

If you would like to see a visual metaphor for my spending habits, please take a look at the inside of this ATM.

Big mood.

While the official report claims that mechanics found the shredded cash as well as an actual dead rat among the rubble, there seems to be some doubts that this was the work of rodents. Apparently the machine being out of service for about three weeks before mechanics arrived is a little suspicious.

Is this a classic ‘dog ate my homework’ set up? Could it be a less-glamourous version of the Ocean’s 8 heist? Or are these rats just exceptionally boujee nest-makers?

Whether the rats were victims of a set up or just terrible at budgeting, I feel very seen by this pile of consumed cash.


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