These are the 5 worst things money can buy

These are the 5 worst things money can buy Number 5: A brand new car on finance. It's an appreciating asset, it loses its value the second you drive off. But here's the real cost. That £400 a month payment invested over 30 years would be worth nearly £600,000. A car that has not a car that is a house paid in monthly installments. Number 4: Buy now, pay later. It feels free in the moment, but it trains you to spend money you don't have. You've already forgotten. Even a £50 a month habit invested is £74,000 over time. Number 3: Buying insurance separately. I've bought a phone, travel or breakdown cover on its own in years. A package bank account bundles all three for around £13 a month, usually cheaper than any single one. You've gotta make sure you actually use it. Number 2: Upgrading your phone every single year. That's £150 a month contract that's barely different from last year's. Invested instead, that's £223,000 over your three year phone is fine. Number 1 is one of the biggest silent killers that nobody talks about. But before I reveal it, make sure to drop a follow as it helps out so much. Number 1: High investment fees. It's invisible. It could be an expensive fund or an advisor taking a cut. Loads of people pay around 1.5% a year without blinking because 1.5% sounds like nothing. But watch what it actually does. £500 a month x 40 years. That 1.5% fee doesn't cost you a few grand. It quietly wipes over £600,000 off your final pot. Same investment, same effort, a fortune gone purely to fees. The fix: stick to low cost index funds and always check exactly what you're being charged.