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Money Drain: Spending tax return on frivolities

I have a friend who lives in what she says is a bad situation.  She is a single mother of a young boy living with her father and sister whom she claim are verbally abusive to her.  The father of her child does nothing to help and is not involved in the boys life.  She talks constantly about wanting to move out and on her own but money is always tight.  Last year when she got her tax return it was huge, at least over $5,000.  I thought this would be her opportunity to do what she’s been talking about for years and get back on her feet.

What did she do instead?  She went out and bought a new digital camera, new laptop, new iPod, and a bunch of other things she wanted off her wishlist.  Guess what she’s still complaining about?

Submitted by: Susan

Lesson Learned:
This is a classic story, people spending money on their “wants” versus their “needs”.  She has just enabled her father and sister to continue to abuse her and for her son to be brought up in that environment.  In order to change things, you have to make changes.  She needs to start selling all of her “goodies” and save up the money to move on, or she’s going to stay where she’s at.

Amount Flushed Down the Money Drain: $5000

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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2 Responses to Money Drain: Spending tax return on frivolities

  1. Pingback: Money Drain End of Month Report: June 2011 | The Money Drain

  2. Pingback: Money Drain: $2000 Wasted on a Debt I Could Have Paid Off in Cash | The Money Drain

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