Money-unwise

Characterized by poor judgment or a lack of prudence in financial matters. This term describes actions or decisions that are likely to lead to financial hardship, loss, or instability. It encompasses behaviors such as excessive spending, irresponsible borrowing, failure to budget effectively, making high-risk investments without proper research, and neglecting savings or debt repayment. A money-unwise individual often prioritizes immediate gratification over long-term financial security and may struggle to understand the consequences of their financial choices. This term is broader than just 'reckless spending,' encompassing a full spectrum of poor financial decision-making.

Money-unwise meaning with examples

• Sarah's impulsive purchases on designer clothing, coupled with her consistent failure to pay her credit card bills, demonstrated she was being quite money-unwise. This pattern of spending put her deep into debt and prevented her from saving for her future, even causing her to cut back on essential spending in other areas.
• Despite being advised to diversify his portfolio, John remained steadfast in putting all of his savings into a single, highly volatile stock, displaying a clearly money-unwise approach. This decision, coupled with lack of research, jeopardized his financial stability when the stock plummeted.
• After losing his job, Mark was money-unwise in taking out several high-interest payday loans to cover basic living expenses. These loans quickly spiraled out of control, trapping him in a cycle of debt that was ultimately unsustainable and made his situation worse.
• Ignoring expert advice, Emily was money-unwise in financing a lavish, unnecessary vacation and car when she was already struggling with student loans, prioritizing short-term luxury over long-term financial security. She subsequently had trouble covering basic day-to-day expenses.