Wasting money is easy. Case in point: a start-up company called Washboard launched this summer with a simple enough service aimed at consumers without a washer and dryer at home. Those signing up for Washboard received rolls of quarters (through snail mail) to use when doing laundry.
Let me say that again: They mailed you a roll of quarters so you don’t have to use the change machine at the laundromat, or worse, stop at a bank and get change for a $20 before going to wash your clothes.
Here’s the catch, though: You had to pay $27 to get $20 worth of quarters. Yes, they tried charging $7 for that service. Talk about throwing your money away! Luckily, consumers quickly realized what a waste of money it was, and Washboard shut down less than a month after opening for business.