Okay extra points if you can guess what movie my title is quoted from? :)
Nobody puts me in a corner or makes me feel like I am worthless, but that’s what I felt like when I was forced to sell my house. I felt broken, incomplete, and foolish. How did one lose their house?
How did one recover?
And more importantly, would I learn the right lessons from this financial calamity?
The short answer is yes. The longer answer would be, yes but it took some time.
Being forced to short-sell my house was definitely an a-ha! moment and not one that I would recommend. But it did force me to confront some awful truths:
- Banks are not your friend.
- We shouldn’t have purchased a house that in hindsight, was really out of our price range.
- We should have saved more. And then saved even more after that.
- Recessions suck. So do paychecks where your commission has significantly dropped.
But joy comes in the morning, right?
Going through this tumultuous time, opened my eyes to the world of personal finance. Who were these people talking about money online? Isn’t talking about money a taboo subject? People are actually writing about their money mistakes and using their real names and everything?
*Pretend you hear angels singing right now*
I found a community where I felt accepted for my faults and where I learned to save more than I spend. It is where I realized that people actually have grocery budgets and we all commiserate about how we go over them more often than not. ;)
My biggest money a-ha! moment was losing my house. I can stand proudly and say that.
I know that it changed how my husband and I view money. We try to live simply and try to figure out how to best utilize our dollars.
Do we still mistakes? Yup, no one is perfect.
But we dust ourselves off, and learn from yet another mistake. That is life.
I am so thankful to the personal finance community. They saved me even when I didn’t realize I was drowning, didn’t realize I was disheartened, and didn’t realize that I was… in need.
Linking up to The Financial Literacy Awareness Carnival. Thanks for allowing me to participate, Shannon!