Financial Faux Pas: Quarantine Impulse Buys Gone Wrong
The pandemic has brought about a unique set of financial challenges, with some people saving more than ever, while others are itching to splurge. We decided to share some relatable financial flops by asking our readers about their most regretful impulse purchases during quarantine.
Tech Temptations
One reader, Trevor, fell prey to Apple’s sleek marketing, buying a $35 silicone case for his new iPhone SE. However, he never used it once the leather case arrived. Similarly, Wendy almost splurged on a bike, but managed to borrow one instead, canceling her order just in time.
Creative Cravings
Padme thought she was going to lose her job, so she bought a ukulele to learn during her supposed downtime. However, she didn’t get let go and never found the time or motivation to play. On the other hand, Kelsey purchased a fanny pack to hold her phone and keys while walking her pup, and she’s loving it so far.
Fashion Faux Pas
Chelsea indulged in vintage designer bags from Etsy and eBay, while Latrice stocked up on bathing suits and dresses, as if she was going somewhere. Suzie learned the hard way to always try on shorts before buying them, and Sophie realized it wasn’t smart to buy more lipsticks when she’s been wearing face masks.
Home and Health
L.Brooke wasted hundreds of dollars on supplies in case the world ended, only to get sick with COVID-19 and have to move out of her apartment. Adam took the plunge and bought a car, while Hiral purchased a fitness product from Shark Tank, but hasn’t used it yet. Melanie and Bri, on the other hand, admit to overspending on wine and takeout.
Miscellaneous Mishaps
Amanda bought an electric pencil sharpener, thinking she’d need it for working from home, but it’s been a pointless purchase. Whitney splurged on a $90 gold and pearl bracelet, while MK invested in a kneeling desk that’s not as comfortable as her couch. Jayne bought a stunning vintage dress that she’ll likely only wear once a year, and Mercy spent $103 on makeup, vowing never to do it again. Nova indulged in fancy foods she doesn’t even like, and Susan regretfully paid for car body repair from a door-to-door salesman.
The Takeaway
Quarantine has brought out the impulsive shopper in many of us. While some purchases may have brought temporary joy, they often end up collecting dust or causing financial stress. By sharing our financial flops, we hope to encourage each other to be more mindful of our spending habits and make more intentional purchasing decisions.
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