hey everyone it's morgan yates and today i'm going to be sharing my 10 best and worst purchases i
made in 2020 now that i've had a little bit of time to reflect on the things i chose to spend
my money on last year it's kind of a trend like a year ago and i thought we would just
do it again because i have spent a lot of money on some good things and some bad ones so before
we get started i wanted to thank wells fargo for sponsoring today's video since we're talking about
spending today i wanted to share a little bit about the wells fargo cash-wise visa card and
its wide variety of benefits for eligible new card holders so if you've been thinking about
getting a new credit card maybe this one could be for you one thing i've learned over the years
is that when using credit it's very important to earn rewards when they are made available to you
and with the wells fargo cash wise card eligible new cardholders can earn a 150 cash rewards bonus
when they spend 500 on purchases in the first three months plus unlimited 1.5 cash rewards
on purchases are available as well and if you use digital wallets such as google pay or apple
pay you can earn 1.8 cash rewards on digital wallet purchases during the first 12 months from
account opening you can even earn cash rewards when you use your card for recurring expenses
like streaming services and insurance premiums and if you're approved for a new cash wise card
you may qualify for a low intro apr for 15 months so you can click the link in the description box
to learn more about the wells fargo cash wise visa card you can apply there and terms apply
so thank you again to them for sponsoring this again having a card with great rewards is so
important and it's something that i've benefited a lot from throughout the years as i'm making my
own purchases so let's just go ahead and hop in we're gonna bounce back and forth between a
good purchase and a bad purchase so my first best purchase if you've been watching my channel for a
minute you may remember i moved to a new house back in october from the place that i had lived
previously for three years i'm paying more in rent now which i will talk about in a minute but
my first great purchase was getting movers to move me from that place into this place i don't know
why this is the first time in my life i've used movers i feel like now that i have there's just
no going back from that i guess it i guess too it's because i haven't until i moved from there
to here i haven't had like furniture i really wanted to bring with me that like i didn't have
the means to transport myself or like i also don't have any friends with like trucks or anything so
really there was no alternative to paying for movers but i'm also really glad i did it because
you just sit back relax and watch just throughout moving in general i learned how many just
expenses there are with moving as well so for me at that time the cash wise card could have come in
handy to earn 150 bonus since i ended up spending upwards of 500 on the total move next something in
the worst purchases category this was just like if i had planned ahead i could have saved money
on this pretty easily and i was paying for moving boxes and like bubble wrap and moving boxes are
just so expensive and i didn't realize that and if i had planned ahead better i see on so many
like neighborhood social media groups people posting offering up their free moving boxes
trying to recycle them you know move them pay them forward to someone else and people just offer them
up for free and you can go pick them up and i see it literally all the time when i was moving
it just all felt very it kind of felt rushed like it just felt like there was so much to do
and i definitely spent like hundreds of dollars on moving boxes and bubble wrap and just tape and all
those supplies and i could have at least cut that in half maybe more if i swooped up some secondhand
moving boxes so that's gonna be something i do going forward my next best purchase this one
is a continual purchase every single month would actually be my rent so moving from my last place
to here i had such a good deal at the last place i was living i was paying like literally less than
anyone i knew in l.a was paying in rent for like i had two other roommates at this great three-story
townhouse i loved it so much and there was nothing wrong with it it just like felt time for something
new and it was a tough decision because i was basically doubling a little more than doubling
yep more than doubling my as i moved into this house which is a much bigger space i have a bigger
bedroom i have like a really big closet and a nice bathroom and for me even though i'm spending more
living here i feel good about spending that money because i feel so much more inspired here it was
the change i needed i like genuinely love this space and especially spending so much more time
at home this year and like normally i would be out traveling and this and that like i don't think
there could have been a better time to invest in like my space and making sure i like love and like
just i don't know i love everything about living here like we have so much outdoor space i truly
feel so happy here i love cooking here i love having people over here put so much thought and
money into like decorating it to be a space that i love and it really feels like a home so that rent
i would say is one of the best purchases i have made and continue to make every month however i
did make some decorating mistakes along the way so another worst purchase even though i love it but i
will explain it would be this 600 gold mirror that i have in the corner of my bedroom i can't believe
i spent that much either having such a hard time finding a very tall gold mirror it's amazing
quality it is heavy like that thing literally you need two people to move it it is a nice mirror and
i love it however this is a worse purchase because as time went on i wanted another mirror the
exact same size to go in my closet and i found a basically identical option for hundreds of dollars
less i want to say it was like 200 so my lesson learned here is just to always do your research
before jumping into any big purchases generally i want to see i'm good at that but i at the same
time know i find like one good option and if i like decide that i love it i just go with that and
i should have done a better job because i could have saved some money but anyways my next best
purchase also home related is another furniture purchase so back when i was living in my old house
i actually did a video redoing our like front sitting room sunroom area of our like downstairs
and i invested in some quality pieces that was my first time buying like expensive nice furniture
but my best purchase here that i love are these bookshelves that i had in there um that were
they were pricey i justified it because i thought that this was something that i'd really be able to
carry with me from home to home hopefully for a really long time they're pretty simple style so
they should be able to match just like a variety of different ways i want to decorate in the future
and when i moved into this house i moved those with me they're downstairs in our living room
now so they're getting used again as planned so generally speaking i think splurging on furniture
when it's something that will last you a really long time can be a good investment like the bed
i have now at my new house i spent a lot on and i plan to continue to like move this with me again
like i don't go with anything that's too like out there or like too trendy or one particular style
or whatever because i do want to be able to reuse these pieces for a long time so i guess going back
to the mirror as long as you do your research then i do feel good about investing in furniture
so i'm really happy that i got those bookshelves next however bad purchase this is the last like
furniture note in this video when i was redoing that sitting room i got this little white couch
i loved it we moved it here for a time it didn't really have a place here so i unfortunately had to
end up selling this so therefore i also lost a lot of money making it a bad purchase but the couch
was cute but it was not comfortable like it was not like a comfy loungy couch it was definitely
like a decorative couch but i learned here that no matter how cute something is if you're not gonna
want to spend your time like sitting on it then why are you paying for it i should have returned
that immediately and i lost it was probably like a 700 couch and i sold it for like 200 so overall
bad purchase next a very affordable item here compared to everything else but that was one of
my best purchases this year was my at-home gel manicure kit i want to say this cost like 40
came with a bunch of polishes came with all the tools like the light the everything you need and
i got this back about a year ago when salons were shutting down because i was someone who
consistently every couple weeks which this is a huge expense i was going getting my nails done not
only does that cost so much money but i also spent so much time like driving to the nail salon the
one i ended up liking the most like sitting there having them do it whatever just like even finding
the time to do that in my schedule for whatever reason was like kind of complicated so when salon
shut down i learned how to do it and it worked amazingly literally it is to me the exact same
as going and getting it done maybe like you know the technique's not quite there on my part but
i've gotten better throughout time and it lasts for like a couple of weeks i mean salons are open
again and i haven't gone back to getting my nails done so that's a way that i'm saving money this
was a great purchase my next worst purchase that pertained to kind of the circumstances of the past
year and being at home would be the like million and five pairs of sweatpants i bought especially
like last march and april i felt like i'm not spending my money going out to eat like i'm not
i'm just saving all this money so every time i saw a pair of sweatpants because i just justified it
so i was like i'm at home like comfy clothes no one needs jeans anymore or whatever but it like
got to the point and even still i still need to go through and like get rid of a bunch to the point
that i do not have room for all the sweatpants i own and i always am wearing the same few pairs
anyway and the rest just sit there overall a lot of these were pretty bad purchase i wish i had
either invested in like better pairs or like just like returning the ones that weren't perfect like
i just kept all of these because i'm like i'm at home they don't need to fit perfect i don't know
i just should have returned a lot of these my next best purchase this is furniture again but
would be the outdoor furniture that i got for this house because compared to where i was living
before we didn't have really much of any outdoor space there we didn't have grass there was no like
great space to be outside and in my new place thankfully we have a bunch of different options
something i'm really happy i spent my money on was buying some secondhand outdoor furniture
we did get some new stuff but my best purchase would be these outdoor chairs and like a little
like side table that i bought from someone else so i was saving money it was in great condition
outdoor furniture in la holds up pretty well because it's you know we don't have much extreme
weather it might rain every now and then but i have these on my like balcony outside my
bedroom and i love just walking out there with my coffee in the morning or going out there to
journal or to read and outdoor furniture can be really expensive so i just feel like i got such
a deal and i love it and my final worst purchase would be my smartwatch and i should have known
i've had one of these in the past i went with a different brand that was i thought was like better
thought maybe i would use it more than i used my old one but i think i'm just not a smartwatch gal
like end of the day i have never taken the time to teach myself how to use everything on it i wear it
like half the time to track my workouts literally i put it on to like get data on my workout and
half the time it's not even charged so i can't even do that like considering the like cost to
benefit ratio going on i just think it was a pointless purchase for me and i that's my lesson
learned i'm not a smartwatch gal yeah definitely one of my worst purchases for the past year that
is it for this video i would love if you would comment your best and worst purchase of the past
year or even of 2021 so far feel free to comment those below i just think it's interesting to like
hear other people's thoughts on what they've spent their money on again you can find more information
on the wells fargo cash wise card linked in the description box and that is it i hope
all of you guys are doing well thank you so much for watching and i will see you in my next video