I'm feeling like I've made EVERY stupid financial mistake there is

iVillage Member
Registered: 07-24-2001
I'm feeling like I've made EVERY stupid financial mistake there is
18
Fri, 01-13-2012 - 4:32pm

OmG . . .

I joined this board some months back and at the time thought "boy I really need to make some tweaks to my life/lifestyle given my particular circumstances and the current economy". Since then I've been trying to educate myself on everything financially related . . . and it's been a tough learning curve.

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iVillage Member
Registered: 08-24-2007
Bumblingalong, I can't tell you how many times I've thought the exact same thing. I've made so many mistakes in my adult life and I've only started rectifying them now, in my late 40's!! I agree that someone should teach this much earlier in life. And, after having a few conversations with my parents, I can see that they really don't know anything about finances and simply weren't able to teach me. Luckily, my daughter in her late 20's, has been going through this financial journey as well. Hopefully she'ss avoid any further mistakes.

At this point, I'm just glad I'm learning it all now. I have friends in their 50's and 60's who still haven't learned how to handle their money. They still live paycheque-to-paycheque, carrying huge credit card balances. I suppose I'm lucky I found this board 3 (or is it 4?) years ago and got my act together.

Oprah says "When you know better , you do better." We know better now....

Kate


empty purse

iVillage Member
Registered: 05-09-2002
I think alot of your mistakes are....REALLY COMMON.

On thing that is not common? LOVING your job. Good for your husband - I bet he has more to give as a husband and father because he is not sapped emotionally by a job he hates. And therefore, it sounds like you have your priorities in fantastic order!
Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011

That raises the question: how to get a good financial education? Would one be able to use good financial knowledge? I look at books on personal finance, but invariably I find them irrelevant to my situation. You have to have some money to spare in order to spend or invest more wisely. The first two years after college, I was making $7,000 per year. That meant very little money left after food & rent. Now my situation is changed only somewhat: almost everything is going towards the necessities and debt repayment.

By way of a response to the original post, I do think that people really do have different sorts of intelligence. We are smart at different things. It would just make our lives a lot easier if we were smart at finance.

iVillage Member
Registered: 03-27-2005

Ignorance is bliss.

iVillage Member
Registered: 03-27-2005
poorboy2011 wrote:

That raises the question: how to get a good financial education? Would one be able to use good financial knowledge?

iVillage Member
Registered: 07-24-2001

Small_Change - Thanks for your reply.

iVillage Member
Registered: 11-14-2008

This is a very interesting post to me. I think it is because...

1. No one ever

iVillage Member
Registered: 10-01-2008

One important thing to remember....."YOU ARE NOT ALONE"!

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 07-24-2001

They really should teach this stuff in high school.

When I was in h.s. (2 million years ago), there was a home ec

iVillage Member
Registered: 07-24-2001

Countrygal,

You are absolutely right.

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