Recreational items, such as ATVs and boats, topped the list of regrets, with cars and fitness equipment also viewed as significant mistakes.
September 19, 2019—Foster City, CA--Personal loan website, AmOne.com, surveyed consumers to find out their biggest spending mistake ever. The good news: most respondents’ greatest mistake cost them $5,000 or less. The bad news: the second-largest group surveyed (28%) reports their biggest mistake set them back $20,001 or more.
The report notes that the items consumers most regret purchasing are:
- Toys like RVs, ATVs, and boats (22%)
- Car (19%)
- Fitness equipment (18%)
- Education (12%)
- Real estate (12%)
Men were more likely than women to rue expenditures on cars; of those remorseful about an auto purchase, 58% were male. Similarly, 56% of those unhappy with a toy, such as an RV, ATV or boat, were men.
Women had an edge on second thoughts about fitness equipment purchases, with 52% of those listing such equipment as a mistake being female.
The complete study is available here: https://www.amone.com/blog/my-biggest-spending-mistake-amone-survey-results/
Gina Pogol, personal finance expert and spokesperson for AmOne, explains options for overcoming spending mistakes and is available to talk about smart ways to cover expenditures.
AmOne.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. AmOne.com is a member of the company’s expert research and publishing division.
Since 1999, AmOne has helped consumers identify loan or credit solutions that best meet their needs, using proprietary loan-matching technology. The company also provides free credit assistance from financial matching specialists. Since inception, AmOne's credit assistance efforts have yielded more than $4 billion dollars in loan approvals for consumers and business owners nationwide.
Sr. Director of Public Relations