My Dysfunctional Money Story

I’m not embarrassed of my money story. What I am embarrassed about is not asking for help sooner.

My first memory of household budgeting is seeing my Dad at the kitchen table with his notebook. He was writing and calculating. I remember he showed me what he was doing to teach me. Unfortunately, I needed more than one lesson. It would take several mistakes before I finally admitted that I needed help.

I’m not embarrassed of my money story. What I am embarrassed about is not asking for help sooner. Sharing my dysfunctional money story #ontheblog today! #howshedoesit #moneystory

I’ve had my car repossessed. Twice. I’ve had our lights and water turned off. I’ve accrued a large debt trying to work direct-sales businesses. We lost our home during the housing crisis. My wages have been garnished. Yes, I’m putting it all out there.

When I look back to find the true cause for all this chaos, it has to do with my inability to have a conversation about money. My first money memory, I didn’t ask my Dad any questions. Early in our marriage, I didn’t know how to talk to Juan about money, budgets, bills, or whether I needed help. When we needed to talk about it either it’d end up in an argument or simply silence.

Taking control of my dinero

My first step was admitting I needed help. I had to learn about money but how? I started at the first place where I could simply get a start. I checked out books at the library.

One of the first money events I attended was a Dave Ramsey workshop at a local church. I got the information I needed to start working on our credit. I would also listen to Suze Orman whenever I got a chance. She is so informative on a range of money topics.

Once I built up some confidence in myself, I began to tackle our debt issues. Calling a collection agency was stressful but I got it done. I also picked up a second job to pay down debts. We cut spending in different areas. It took some time, a few years actually, to dig ourselves out of a financial hardship. In many ways, I’m still learning.

What’s your money story?

The only way you’ll do something different is when you learn that there are different things to do. I had to search out and learn ways to manage money in order to take control. What’s your money story? What’s your first memory about managing money?

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