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26 Facts About How to Save and Lose Money

Something for the penny pinchers and the big spenders

26 Facts About How to Save and Lose Money

October 22, 2023

As you’ve probably realized, money comes and goes. Whether you plan to retire one day, or you're down to keep grinding into your 80s, we’ve got the facts and figures to guide your way. From the moment you emerge from your parents’ house like a confused, helpless baby bird — and are immediately attacked by rent, bills and loan repayments — you can either weather the storm, or take shelter back in mom’s basement. Again, whichever path you take, these will help you along the way. Gotta go… Mom made egg salad!

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CRACKED.COM In a side-by-side comparison, Skullcandy can go toe-to-toe with Beats, which cost more than 3x more. b $89 $300 While Beats have a slicker, sleeker design, that's pretty much their main draw. In terms of comfort and sound quality, the Skullcandy were streets ahead. — Source

25

Crypto Scams B THE PAYPAL Pay SCAM In 2023, a 79-year-old was tricked out of $79,500 by a crypto scammer using PayPal. The scam relied on fear, guilt, and all sorts of other tactics to take advantage of the victim's lack of computer knowledge. CRACKED — Source

24

High-end robotic vacuums don't come close to regular vacuums. In a Consumer Reports test, a $1,000 robotic vacuum picked up 40% of what a canister vacuum (that cost half as much) picked up. CRACKED.COM — Source

23

An exhaustive scientific test has proven that there is no difference between expensive wire cables and cheap ones MONSTER CABLE You CAN hear the difference! PERFORME ORMER (You actually CAN'T.) In fact, in a blind sound test, participants were unable to differentiate the sound produced by using Monster cables and coat hangers. CRACKED.COM — Source

22

CRACKED.COM Itching for a movie? Check for discount days before standing in line to purchase your movie ticket. ADMIT ON ADMIT S ONE 60005 Most cinemas have promotional admission prices on certain days. For example, you get to enjoy $5 admission at Cleveland Cinemas on Mondays. — Source

21

CRACKED COM Using money to buy time can lead to increased happiness Money can buy happiness, if you buy free time. Regardless of income, people were happier when they outsourced tasks they disliked. However, in the study almost half of the millionaires they asked didn't pay others to do chores they disliked. — Source

20

CRACKED CITIBANK Citibank made a mistake and accidentally sent $900 million to the wrong people, and the lenders refused to return the money. The lenders were taking advantage of the situation due to a longer running saga between them and Revlon, the company that borrowed the money. — Source

19

CRACKED JIM CRAMER Jim Cramer learned a valuable lesson from his experience investing in Memorex Telex in the 1990s, which resulted in a complete loss of his investment: when investing in a low-priced stock, you can still lose everything. Не now advises investors to never ask how much can I lose? when considering a stock. — Source

18

Kanye West paid $12,5 million to run a failed presidential campaign in 2020. The total amount spent was $13.2 million, but all of that was his own money except for $700,000 (and he got a total of 66,000 votes). CRACKED.COM — Source

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Cash

Carry crisp new bills when you're shopping. Research shows that people have a subconscious desire not to part with them and therefore you won't spend as much. ESE Se THE UNITED STATES OF AMERICA 1 THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRINATE 1 F 30807041G WASHINGTON D.G A? 6 6 F F 30807041 G AIN 6 Road R 1 SERIES 2013 6 - Summer 1 ONEDOAR CRACKED.COM — Source

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70 PERCENT OF ALL LOTTERY WINNERS LOSE EVERYTHING IN THE FOLLOWING SEVEN YEARS MAG WAN BREAKING OVERNIGHT ATLANTA JACKPOT WINNER DIES AFTER GOLD PLATING HIS TESTICLES Logically, if you make bad economic decisions, like playing the lottery, you will keep making bad economic decisions if you win the jackpot. This is called a self-selected group. CRACKED.COM — Source

15

CRACKED $150 MILLION SPENT ON RICH-GUY KNICKKNACKS Nicolas Cage has splurged on a private island, a dinosaur skull, 15 homes, two castles, a huge burial tomb, shrunken рудту heads, a Lamborghini, a pet octopus, and the first Superman comic - all adding up to a whopping $150 million. — Source

14

CRACKED OVER $100 MILLION GAMBLED AWAY One businessman lost more than $100 million in 2007 at a chain of casinos in Las Vegas. It's said that he was given alcohol and drugs to keep him gambling. — Source

13

CRACKED IDE Tyres GOING FROM £10 MILLION TO DELIVERING COAL A 19-year-old garbage collector from the UK won about £10 million on the lottery in 2002. But he spent it all on a wild lifestyle and, 10 years later, was completely broke. Не then started working seven days a week delivering coal and firewood. — Source

12

CRACKED.COM PoKéMoN GO players spent about $2.2 million a day on in-app purchases R in 2018. R $ $ $ — Source

11

GRAGKED.COM If you're planning to invest in multi-level marketing schemes, don't bother. More than 99 percent of those who participate lose money and only a few actually gain profit. — Source

10

CRACKED.COM I'm Hiding Money Under My Mattress IS STILL VERY REAL. COOK OPE 3 POLI 50 R 100 A 2017 study found that around 8.4 MILLION U.S. households did not have a BANK ACCOUNT. — Source

9

How much does it cost to rent an original Picasso? $5 per semester, if you're a student at Oberlin through their Art Rental program. GRACKED COM — Source

8

If your car doesn't need premium gas, it's not worth the money. Premium gas has more octane than the regular stuff, which makes it less combustible. This is only needed in luxury cars, where the higher temperature of the engine can cause the fuel to pre-ignite. CRACKED.COM — Source

7

Apple AirPods are no better than their knockoffs, minus a few minor features. While AirPods cost $159, the knockoffs will only run you around $39.99, and according to reviews, they have the same sound quality and durability. CRACKED.COM — Source

6

CRACKED.COM Cosmo did a test between $147 in drugstore makeup and $513 in department store makeup. The end result? The difference is negligible, and unless you know, you could never tell the difference. — Source

5

Your $10 Casio keeps better time than your $10,000 Rolex ORIGINAL 05 GAS ESCAPE ROLEX VALVE DEEPSEA 40 DATE WORLD - IO, RING YEL I C LOCK SYSTAM 30 20 Since Rolex watches use a mechanical oscillator, they are more vulnerable to temperature changes, magnetism, or just plain not having a full wound spring, unlike digital watches, that use a quartz crystal as an oscillator CRACKED.COM — Source

4

26 Facts About How to Save and Lose Money — Source

3

Impulse Purchasing

CRACKED.COM When possible, WALK to the store. Research shows impulse purchasing increases by 44%, just by taking your car with you. — Source

2

The music played inside grocery stores makes you spend more, so wear headphones! Experts have found that elevator music is slower than the human heartbeat, which gets people to slow down and spend more time in the store. Listen to upbeat music on headphones, and you'll spend seven to eight percent less. CRACKED.COM — Source

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Buy a front-loading washing machine to save on bills. SAMSUNG In comparison to top-loader washers, front-loading machines use 40 to 75% less water, and between 30 and 85% less electricity. CRACKED.COM — Source

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