Financial Horror Stories: Reckless Spending

We’ve asked several people to share their financial horror stories with us with the idea that we can learn from their mistakes. Today we have the opportunity to get to know Dailson, the person behind the inspirational Instagram feed, Living on Savings.

What’s the biggest money mistake you’ve ever made and how did it impact your life?

The biggest money mistake I have made was spending 7,000 dollars carelessly. After spending I had no funds saved for a rainy day. Instead, I lived paycheck to paycheck, constantly seeking help from others, and started to live below my ego for the very first time.

If you could go back in time, what would you do differently?

I think about this question every day. If I could go back, I would invest my money in the stock market, start a small home business and put my funds in a high yield savings account.

Did anything good come out of the mistake?

Yes, I was able to gain wisdom from my mistakes. If this mistake hadn’t occurred, I...

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