wasting money

Prince Jefri Bolkiah just might be the biggest spender in the world. The prince is the brother of the sultan of Brunei and was ironically enough, the previous finance minister of their country. So how does one blow through $14.9 billion?  Vanity Fair explores this in its July issue. Here's a quick breakdown of the prince's spending spree by Business Insider:

• 2,300 luxury cars of mostly Bentley's, Ferrari's, and Rolls-Royces.
• Five boats and a yacht.
• Numerous five-star hotels including the Hotel Bel-Air in Los Angeles and the New York Palace.
• $1.3 million on erotic fountain pens and $10 million on 8 watches blinged out in diamonds.
• Eight private planes and a helicopter.
• A rug woven with gold and gems worth $7 million
• Some kinky statues depicting copulation worth $800,000.
• Control of 250 companies. In comparison, Warren Buffett's Berkshire Hathaway controls 52 firms.
• Paid Michael Jackson $17 million to perform at his birthday.
• $1.5 million for a badminton coach.

And the extravagant list goes on. At one point, this spendthrift prince was even spending about $50 million a month! What ridiculous ways to waste money — money's never enough, even for billionaires.

What kind of financial blunders have you been making? Read what OnSugar blog Beauty and the Budget has to say on four money mistakes people tend to make:

It's that time again . . . Yep, beauties, you guessed it — it's time for another budget post! For the latest budget check-in, we're talking about financial mistakes. We all make 'em, but financial mistakes always seem to add more unnecessary stress than anything else.

You might be aware of your own financial mistakes. You keep muttering to yourself, "Ugh, I should have never done that!" But hey, don't be so hard on yourself! Only very few people in this world are naturally money-savvy, and as for the rest of us, we just have to live and learn.

So you're probably thinking, "I know what she's going to say, 'No credit cards, pay off your debt, etc. etc.'" Well, I wanted to make this post a little less generic and a little more original. You might be guilty of some of these mistakes and not even be aware of it!

If you're interested to know these four financial mistakes, read on!