Changing your tune
It seems like so many of us money bloggers have made dramatic changes. Some of us have gone from being spendthrifts to savers, from being in debt to debt free, from being clueless about investing to confident, etc.
If you’ve made a dramatic money-related change, what was it that caused you to change your tune? Was it one defining moment, a series of events, or something else? I’ll write about my experiences in a later post, but I’m curious about yours :)
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November 23rd, 2007 at 8:01 am
Great question!
My family is filled with pack rats and frivolous spenders – people who grew up with very little money and didn’t know how to manage their finances when they raised their income to middle-class or higher. I received all of my financial advice and education from these people and began down that path myself.
I blew through my savings (what little I managed to keep) in my first year of university. Since I turned “of age” I have spent most of my money on unnecessary, fun things – putting all of my expenses on my credit card and making payments against an ever-increasing debt.
Why did I decide to change? The same reason I decided to start blogging about personal development and personal finance; I stumbled across some really valuable information posted by normal people who just happened to manage their money better than I did. I had an epiphany moment where I looked outside of myself and saw where my life was headed – nowhere near the future I wanted for myself and my family.
Because of these sites, I went from being a spender to a saver and I am working on becoming debt-free instead of living off my credit. It’s a bumpy road, but it feels so beneficial and so incredibly liberating to be on it.
November 26th, 2007 at 12:42 pm
It sounds dumb, but turning 40.
Of course, this was preceded by many years of worry about my financial future — it wasn’t until I was 40 that I actually did something about it.