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Grocery shop without planning menus or checking pantry and freezer first. I try to balance this with a periodic no-grocery-shop week, eating some peculiar meals as I clear out the three half boxes of pasta, four bags of frozen stir fry veggies, and other miscellaneous items.
Blow $20 on Powerball tickets several times a year.
I pick a few individual stocks.
Buying the cheapest instead of the best value.
Classify all of these under the “Loss Aversion” umbrella. I’m the worst!
-Not enough auto insurance: I carry the least amount possible on my $2k 2008 Yaris. It’s about $20/month
-No financial advisor: While I’m a CFA, I should hire a good advisor at this point since I’m financially independent and run my own business. Not trying to be arrogant, but it’s not like I have no money anymore like I did when I was 22 years old.
-Avoid going to a therapist or specialist when a medical issue pops up. I depend too much on my body healing itself. Eventually, that won’t end well.
Buy more clothes and shoes than I need. Have gotten better over the last decade but still find myself buying more than I need.
New cars… 100%.
Drive extra miles to save a few cents on gas or groceries. The extra miles usually swamp the savings. I’m getting better at doing the cost trade, and trying to plan my trips and errands more effectively.