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Frivolous Ways to Spend Your Graduation Money

Frivolous Ways to Spend Your Graduation Money
Alison Storm

 

Besides your wedding day, graduation is one of the few times in life where money shows up regularly in the mailbox. Everyone from grandparents and great aunts to neighbors and youth pastors may be sending you cards full of crisp bills and checks ready to be cashed. If you want to prove that your degree really didn't teach you anything at all here are some of the worst ways to spend your graduation money.

Gambling

Besides the fact that your grandmother would probably start crying if she knew you were taking her hard-earned pennies to the casino, gambling away the beginnings of your nest egg just isn't a good idea. Chances are you'll come home with nothing except regret and an empty wallet.

burger

A $5,000 Hamburger

It's amazing that a $5,000 hamburger actually exists, but just because it does doesn't mean it makes a good purchase for recent grads. The FleurBurger 5000 served up at the Mandalay Bay Hotel in Las Vegas is probably the best burger in the world, but it's also the most expensive. While it would definitely be a meal to remember, it could also leave a bad taste in your mouth once you realize that graduation money will never return.

The World's Most Expensive Computer Mousecomputer mouse

This gold and diamond studded computer mouse isn't trying to hide its value. That's why it's called "The World's Most Expensive Computer Mouse." Even if you do have the nearly $26,000 in graduation money needed to make this purchase, spending that wad of cash on one silly item is probably not a smart move.

Anything Trendy

I bet if you ask graduates of the 1980s they'll tell you they wish they had thought twice about buying that totally rad hands-free operating car phone for $788 or that $200 neon Guess handbag. Of course your hard work deserves a special treat, but make sure you're spending your graduation money wisely-- just like any intelligent person with a degree should.

A Diamond Hello Kitty Doll

Sure, Hello Kitty is cute, but is she $167,000 worth of cute? That's what Swarovski is betting on. They released the Super Hello Kitty Jewel Doll to mark the 35th anniversary of Hello Kitty. She's adorned with 2,345 gems and costs more than your entire college education probably did. So although she's cute, she's probably not a good way to spend your graduation money.

A Watch That Matches Your Car

If you're super rich and drive a Bugatti you can probably afford a $13,000 watch designed perfectly to match the interior styling of your car. But if you're a recent grad you probably can't. So do yourself a a favor and steer clear of the Ralph Lauren Automotive Model watch. Instead invest that $13,000 in something that will pay off down the road.

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Comments

  1. Jessica

    Very interesting! I will definitely be spending my graduation money on paying off student loans....not on a $5000 burger!

  2. Jessie

    Some of these ideas are crazy and would have never thought of using it on some of these things.

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