Five Things I Bought But Never Used

Are you one of those people that like to buy stuff all the time?    The kind of person who has a mild addiction to the internet like you were opening presents on Christmas day?   As much enjoyment as you might get from receiving new packages to open at home, you’ll realize years later that some items you buy you just simply never use.    Here are five that I bought over the years that I never used.

  •  I Pod Knock Offs- I was on one of those Deal Of The Day websites when I noticed a sale for $4.99 for what looked to be I-Pods.    The site didn’t say they were I-Pods, but they looked identical in nature to the I-Pod.   Somehow, I thought I would use these stockings stuffers or neat little giveaways.    So I bought 10 of them.   When the packaged arrived, the directions were all is some foreign languages, the boxes were half cracked, and all of sudden this didn’t seem like a good idea.  So I stored them in a box thinking I would use them down the road.   To date . . . still in the box.
  • Electric Razor- When I got tired of shaving, I used to see all of these commercials showing how easy it is to use an electric razor on the go or in the car for quick and easy shave.   So I bought one of these fancy schmancy electric razors thinking I would get a clean close shave and do it with relative ease.    After one shave, I put it away in the box and then it eventually worked its way out of my house as a charitable giveaway.
  • Shoe Shine Kit- I remember getting into this business thinking about making sure my shoes were always shined to the hilt.   Every time I was in the airport or a nice office building, I would stop for quick shine.   Eventually, I thought it would be really cool to take a piece of an afternoon or evening and put my own stamp on shining my shoes.  I bought the kit, wax, polish for the edges, and the best cloths to clean up the shoes.    It was so exciting for the first time or two I shined my shoes.   What can I say but that the luster wore off and I’ve never used the kit again.   Anytime one of you wants it, I’ll be happy to give it to you.  It’s strictly drop off time at Nordstrom or a local shoe store now.
  • Garmin- I’m infamous for asking my staff for directions ten times to get to the same place.   Now, I didn’t actually purchase this one as I got it for a birthday gift.   I had a good friend of mine program addresses in the Garmin, and get me all set up so I could just punch in the addresses and go, go, go.   Newsflash.  The I-Phone!   Now, that I have this baby in my hands it provides me with instamatics GPS whenever I need to get somewhere.   Carmen the Garmin is now officially in my glove compartment.
  • Power Drill-  I admit it.  When I bought my first home and finally got a garage, it was a trip or two every week to Home Depot to add some new stuff to my tool arsenal.    I don’t know how many different types of super glue there are, but I can tell you that I have at least a half dozen still in my toolbox developing crust all over them.    My big purchase was a bright new shiny power drill.  I imagined I would be hanging things, putting things together, and being a regular old Tim the tool man.  Survey says . . . . Wrong!   That power drill has served its best use over the years re-drilling the hole at the bottom of the Christmas tree and that is about it!

What are your top five not so smart money moves for purchases you made?  Let us know- Comment below!!!

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Written by:

Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®

Co-CEO and Founder of oXYGen Financial, Inc - The Leaders in Gen X & Y Financial Advice

TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC.ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin has spent the past 23 years giving personal financial advice to thousands of people across the United States. After graduating from Boston College in 1991, Ted spent more than 16 years working for American Express Financial Advisors/Ameriprise Financial. He was one of the youngest people in the history of the company to reach both Field Vice President and Group Vice President level. He managed more than 800 financial advisors throughout 8 states in his last position with the company. In 2008, Ted founded oXYGen Financial to help revolutionize the financial services industry by creating a new company that focused on serving the X and Y Generation. oXYGen Financial now has more than 2,200 clients throughout 25 states across the country many coming from social media techniques. Ted has been featured in over 30 magazines and newspapers including the Wall Street Journal, Business Week, and The Huffington Post. He was on the cover of Registered Rep magazine and featured in the ‘what will financial planning look like in 2023’ article done by Financial Planning Magazine. He has six advanced designations from the College for Financial Planning (CFP®, CRPC®, CRPS®, AWMA®, AAMS®, CMFC®) and is an on air radio personality.

3 Comments

  • March 26, 2012

    A couple of years ago my wife wanted an iPod Nano, and I got her one for her birthday. Here it is a couple of years later and we just found the iPod in our kitchen drawer, opened but never used. The resale value on that Nano is probably next to nothing at this point even though it’s never been used.

  • March 26, 2012

    Don’t Throw Away Your Cell Phone / Ipods – Most of the electronics that you buy today can be resold. On the other hand, keeping them could be good for your wallet by using sites like http://www.gazelle.com to sell your stuff.

  • April 1, 2012

    I tend to buy extras of supplies. Say if I need one pencil I buy one set instead. But what usually happens is I tend to forget I bought more than one or two or misplace them so I buy another set. I tend to find things when I don’t look for them anymore after a few months. This is terribly wasteful but can be simply remedied by better organization skills on my part.

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