Your dumbest financial mistakes

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Before nursing school, and maybe even after getting those nice nursing checks, what were some of the dumbest purchases made. Big or small. I have heard some good financial advice on this site. But people learn from our mistakes too. Most of my dumb mistakes came from being young. As a teen my boyfriend (now husband) and I took his last paycheck from gettting fired and went to six flags. Spent the whole check, not knowing the next time we would have money. Once graduating, we ate out at least 4 times a week until someone on this site made me aware as to how much I was actually spending(Family of 4). I thought nursing school would be a bad investment when I racked up loans not knowing if I was gonna pass. But it was probably the best investment.

My best friend bought a current year STANDARD suzuki forenza for over twenty grand right out of nursing school. It immediately depreciated and she ended up in an upside down situation when trying to trade it in the next year.

Nervous Nelly piping in here again with the worry that even if one invests in long-term care insurance, what's "enough"? Long term care insurance isn't cheap, especially for those most likely to need it (older with health issues) and if one needs care for longer than a few weeks or months, it seems one would quickly use up their benefits and end up in the same dilemma. Buying long term care insurance is hedging one's bets, and is probably a smart purchase, but there's no guarantee that one's long term care policy would meet one's needs.

(AlsgalRN, I wish you well in these hard times you are facing.)

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