What Are the Worst Things to Waste Your Money on?

Lottery Tickets 1 of 16

There are infinite ways to spend your hard-earned money from day to day, and all of us are guilty of forking over cash (or using credit) for purchases that provide little (or no) true benefits. Some such purchases do provide what you could argue to be short-term benefits, but doing the math of long-term costs for many such purchases (smoking, drinking, gambling) makes them out to be nonsensical wastes of money.

Being in the habit of buying lottery tickets is one obvious waste. People who pony up a few bucks for a record-setting Powerball ticket once in a blue moon are hardly wasting much of their income (though the chances of seeing a return are one in hundreds of millions), but those who buy scratch-offs or lotto tickets on a weekly or daily basis are uniformly throwing money down the drain.