Reddit Users Expose Biggest Wastes Of Money, And The Examples Are Gold

Reddit users have plenty of different examples of what people still manage to blow money on.

Wasting money seems to be an American tradition unlike any other. People in this country are great at a lot of things.

Managing money isn't exactly something that's elite across the board. Many Americans making six-figure salaries are still somehow living paycheck to paycheck.

Reddit users expose things people blow money on.

What's one of the major problems? People spending money on foolish things they probably don't need or can get at a cheaper price.

A Reddit thread titled "What’s a huge waste of money but people keep buying it?" is a goldmine of information when it comes to what people burn their money on.

Go ahead and give a few of the examples a look below, and then hit me with your reactions at David.Hookstead@outkick.com:

• Premium gas for cars that don't need it.
• Time shares.
• My parents got roped into one of those years back. Mom wanted to make memories and not just spend money on stuff. Never got a single vacation out of it and took a ton of time and money to get out.
• Pyramid schemes.
• Big ass weddings. Its ok if you can afford it, but if you're gonna be in debt. Then what's the point?
• I would say many baby toys. You spend a lot of money on flashy, expensive gifts that end up sitting unused, while the child plays all the time with a cheap toy from the dollar store. It's a bit of a cliché, but from my experience, kids often prefer the simple things, like a cardboard box. You don't need to spend a lot of money on toys and games for a 1-3 year old.
• As a smoker... Cigarettes by far the idiotic addiction i have.
• Over-blown weddings.
• New electronics on a yearly basis. The differences in phones/computers are not that great between versions. You’ve gotta wait 4-5 years for appreciable differences most of the time
• Diamonds. The market is fixed. They aren't worth a fraction of what they're sold for.
• Anything you buy on sale that you weren't planning to buy in the first place. Gives you that rush of buying something when you feel like you're getting a 'good deal'
• Gender reveals.
• Extended warranty on anything. Home warranty. Those things have more loopholes than Swiss cheese.
• Friend bought a new fully stocked car he couldn’t afford on his salary. He said it’s okay because he’s getting another job that pays better wages. Only thing is, he hasn’t taken the exam to get his license for the job yet.
• Anything and everything pushed by influencers.
• Half the subscriptions I forget about.
• Funerals with extravagance.
• Starbucks. Myself included.
• Bottled water.

Let me throw in one that I'm shocked didn't make it. Eating out at restaurants. Going out to eat might be the biggest waste of money in America that people do on a regular basis.

I can feed myself at home for easily less than $7 a meal (not counting any beers, of course), and the food is significantly better than your average restaurant.

Yet, I watch people go out to eat for multiple meals a day not realizing it's incredibly unhealthy and a massive waste of money.

Do you really need to also get coffee from a restaurant or seller every single morning? You can buy huge jugs at your local grocery store for a literal fraction of the price.

Reddit users are sharing the biggest scams and wastes of money that are still fooling people. (Credit: Getty Images)

Of course, it's their money. It's not mine. People are free to make whatever stupid choices they want, but I'm not going to join them. Do you have a great example of something people blow money on? I want to hear about it at David.Hookstead@outkick.com.