I’m always quick to write about Eric’s money mistakes (he has a penchant for lending money to friends who never pay him back), so when I recently found myself in a money fiasco that was going to cost us more than $1200, Eric was sure to remind me that I better blog about it.
Because what is the purpose of marriage other than to have someone point out your mistakes?
I kid, I kid.
A while ago, I asked how everyday working people can afford to pay for concert tickets. I had really wanted to go to the sold-out Jay-Z-Beyonce On The Run Tour at the Rose Bowl, but couldn’t justify paying $500 per ticket to the sold-out show, based on resale value.
Coincidentally, the day after I wrote about it, I found out a second show had been added in L.A. and if you were a certain credit-card holder—which I was!—you would have access to special seats in a pre-sale.
And then promptly proceeded to tell everyone I knew on Facebook about the amazing seats I had scored for the concert of the summer. Because it doesn’t count unless you post it to social media, right?
Well, a co-worker of mine saw the post, and asked how in the world I scored seats. When I told him about my handy dandy credit card with the secret seats, he was very impressed. Being the Good Samaritan I am, I offered to buy him seats with my card, and he could pay me back.
I’m so nice, right? Just helping out a fellow DINK.
He was grateful when I got him a set of floor seats (not as good as mine, but still good). And then…
He said “That’s amazing that you’re getting such great seats. You should buy more and then we can sell them for a profit and we’ll essentially be going to the concert for free!”
I told him I wasn’t interested, but he was insistent that if I bought the tickets, he would sell them, and we would split the profit: “Don’t you want to go to the concert for free?”
Well, of course.
Who wouldn’t want to have $400 tickets paid for? So, reluctantly, I agreed, and proceeded to purchase an additional six tickets, totaling $1200+ on my credit card.
And then…I hated it.
I hated having a purchase on my card, I hated not knowing if the tickets would sell or not, and I hated all this money risk. What had I gotten myself into???
After a few weeks, and consistently pestering my colleague to sell the tickets and he would then tell me that you can’t make profit until a few days before the concert (!!!), I finally realized the predicament I was in:
This guy was trying to turn a profit with my money.
There was no risk involved on his end, because I had paid for the tickets.
I seriously felt like a cartoon character where the light bulb suddenly pops and I felt like an idiot. How could I have been so stupid to get myself into this situation?
I finally wizened up and told him, if he wanted to wait it out until the week before the concert in order to make a profit, that was fine, but he had to pay me for the tickets now.
To which of course, he said, “nah, that’s okay, I’ll sell them.”
And then miraculously, he was having a hard time selling them. ALl his friends who had wanted the concert tickets before, now suddenly couldn’t go, or didn’t want to pony up the cash.
I spent the whole month of July wringing my hands and stressing over these tickets. It was definitely an unneeded stress.
In the end, all the tickets sold for the exact amount I paid for them. It was a scary, hand-wringing few weeks there, but I learned my lesson:
Don’t ever let someone else take control of your money and make you do something you don’t feel comfortable with.
I’m glad the story had a happy ending, and we had a fabulous time at the concert.
What’s a money mess you’ve gotten yourself into?