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February 08, 2022

Still throwing your money down the drain?

It's hard enough to earn, so when you've got some cash it makes no sense to fritter it away.

Ever wonder how much money you could have saved if you had kept it in your wallet instead of blowing it on some tchatchke that started to gather dust far sooner than you ever expected?

If you want to feel a bit better about your situation, check out Spendster.

Run by the National Endowment for Financial Education, it’s a fun place to share videos and stories about some of the really stupid purchases we’ve all made.

The site “wanted to give people a safe haven — a confessional, if you will — where they can talk about what they shouldn't have bought. Better yet, the more important things they could have done with the money.”

In addition to video and photo uploads, you’ll also find a calculator that determines the actual cost of unnecessary and poorly used credit card purchases and how much these expenditures could have generated for retirement.

So, other than a Slap Chop and maybe a bread machine, what’s the worst purchase you have ever made?

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo),,, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...