What was the stupidest/highest value item you bought that contributed to debt?

tomstickland

I'm not wanting this to be a heavy thread. I was just wondering whether you ever bought anything that looking back seems really odd now. Do you still have anything to show for what created the debt? I think at my silliest I paid £1800 to respray* a car that was worth around £1000 tops.

*included structural work, new parts, jigging etc, not just slapping paint on.

ti1980

This is the mad thing. I don't have anything of note to show for my debt. If I had one big stupid purchase that I could look back on then I would be annoyed with myself but would accept it a lot easier I think.

It was lots of little things with me. Not getting a job in my 1st year at Uni when my rent was higher than the loan I received is probably one of my biggest regrets but I'm not sure how I would have done it at the time as I found it hard but of course I'm not the only one.

jlittle

The car - I didn't need a new one, but now it's on a HP and I still have another 4 years to pay off for it.

postingalwaysposting

well i am lucky, due to the fact i dont buy high value items on credit due to the way i have been brought up, I wait untill it has been saved or is in my monthly spendable money. So I am not in debt at the momment *and fingers crossed it will stay that way*

I do know of one person that put the cost of a holiday on a credit card, flew out and then was involved in a accident and didnt have travel insurance so there treatment went on the c/c too. That was 7 years ago.......they are still paying for it

m00nie

the wife..

lee3276

£3000 playing poker god that was a night I would like to forget

Xbigman

Kirby vacuum cleaner 'she' (now ex she) had to have, then never used. £850 in 1988.
Regards



X

Darren21

m00nie wrote:

the wife..

lol @ moonie, spot on too!

thesealeyboy

My old car, brand new (well, pre-reg) Corolla, loved it to pieces, but didnt actually need a new car at the time. Stupid me got it on HP, however someone up there was looking out for me and gave me a way out, I wrote it off 6 months after I bought it. However, this did leave me with £2400 worth of debt to pay the finance company after the insurance payout (I didn't bother with GAP insurance when I bought the car, I just thought - me? worlds most careful driver? be in an accident? write the car off? - never)

Made the last payment in October!

They say you learn from your mistakes....

Gonna_Do_It

Brought a car, paid for a year's post graduate course tuition fees, moving out of home (stay at home as long as possible - it's cheaper!!!), general going our far too much and having a great time, lots of clothes, and getting in more debt byt trying to pay off my debt.

But yes is scary to look at think god where did it all go?? :eek:

ms_london

Ummm, stupidity & laziness really.

Spent a lot on going out/CD's/Clothes - etc etc. Also spent some time out of work (not claiming benefits or anything), but still spending on my CC's, and increasing my OD as if I was working.. I also spent £400 in an hour on clothes whilst I was unemployed.

God knows how many bank charges, I dread to think!!!! Not really understanding APR's etc. It all adds up, and there I was £19,000 in debt. Blimey!!! I cant believe I was so stupid, but I have learnt so much I am pleased I went through it (in hindsight!!).