TAKEAWAYS

• Mamideb says lavish weddings before achieving financial stability are not worth the money.
• She also criticized expensive club spending, unused gym memberships, and moving out too soon after university.
• She encouraged people to carefully choose university courses and prioritize investments over appearances.

Social media personality Mamideb has shared her thoughts on what she believes are some of the biggest financial mistakes people make, naming several expenses she says simply aren’t worth the money.

Topping her list was having a lavish wedding before building financial security. She questioned why people would spend millions on a single day while lacking assets such as a home or a business.

“Why are you spending a lot of money on a big wedding if you’re going to be homeless after the wedding?” she asked.

To emphasize her point, Mamideb recalled contributing to someone’s wedding and later asking how much of their budget remained. She suggested they instead invest that money into starting a business, but the couple chose to proceed with the wedding because they feared disappointing the invited guests.

According to her, prioritizing the ceremony over long-term financial stability was the wrong decision.

She also criticized the culture of spending heavily in clubs, particularly on popping expensive bottles of champagne, saying it makes little sense for people who have not yet built wealth or even fully own their vehicles.

“I don’t know anyone that works hard for their money that would waste money like that,” she said.

Another expense she believes is unnecessary is paying for a gym membership without the commitment to actually use it. In her view, there’s no value in paying monthly fees if consistency isn’t there.

Mamideb also advised young people against rushing to rent immediately after university simply for independence when they are still welcome to live with their parents.

“I think as long as you’re still welcome in your parents’ home, enjoy the free rent,” she said.

She added that adulthood is often overrated and encouraged young people to wait until they have achieved some level of financial stability before taking on the responsibility of paying rent.

On education, Mamideb argued that not every university degree offers value for money. She encouraged parents and students to carefully consider career choices before enrolling and suggested taking a gap year to discover one’s interests and career goals.

“So many people have come out of university and they don’t even do what they studied,” she noted.

Lastly, Mamideb said she personally doesn’t believe having a full-time driver is worth the expense, explaining that she genuinely enjoys driving herself. However, she acknowledged that drivers can be useful, particularly when she has to attend events.

“When I’m upset, I drive myself to the airport and then turn around. Driving calms me down,” she said.