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?

Advertisements

I'd love to hear from you. Please leave a comment.

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.