First I'd like to say thanks for choosing to voice your opinion in pink ( a color I love!) and 2nd I agree that With or without a degree, anyone can manage their finances if they control their spending. I don't make alot but I am happy with what I have. These days, alot of the things people want are materialistic objects not a necessity. I don't drive a Mercedes, I don't own a home, but I am pretty content ;)
gangstabarbie (rep: 21k) posted Jun 30, 2012
I've lived paycheck-to-paycheck since my divorced annihilated my financial life. It's better than it was but it is scary to not know how I would fix my car if the engine blew. I'm hoping all this changes soon as now that I have 5 years experience as an adjunct I should be able to get a staff position soon and that will double my income and allow for savings.
A very nice article. Thumbs up!
erick99 (rep: 433k) posted Jun 30, 2012
I live beyond my means to a point. I like to eat well, i have a thing for sporty and luxury cars, i love spoiling my children. But I also live in PA which is very cheap, especially when you stay away from the borders which I am smack dab in the center of the state. Its dirt cheap to live here, but also not much work which is of course why I travel for work. But ive also been dirt poor, hell i grew up dirt poor. When I was 18, single and working I was doing pretty good for myself. Had everything I wanted but I was young and dumb, did some shit that basically got me thrown to the streets and was homeless at the age of 19.
A few months later I met my soul mate. Things were looking up. Back to work, got myself a small apartment and was happy. A year later my daughter was born shortly after I turned 20. The girlfriend obviously had to stop work and well things went to hell again. Bringing a child into the world when I could barely afford to pay my own way. Eventually I had to turn to credit cards to make ends meet. A few years later another child. And ill be the first to admit, I didnt want kids. I still wanted to party and live like I was when I was a late teen. It took years to get back on track. Really never did until like 2000-2001, shit started getting good. My wife and I both got jobs in the auto workers industry. She was in the office and I was building vehicles making some nice coin. The savings account was stacking up, I could again afford a sports car. Wasnt eating pork and beans, spaghetti or ramen every other night.
Then 2008 came along, with the recent problems in the financial world during that time we both lost our jobs right before Christmas as our plant was shut down. SO again, it was back to the bottom. I had $25,000 in the bank when we lost our jobs. Even with unemployment I spent my last dime on Christmas Eve 2010. $25,000 lasted me 2 years and that was being very frugal. On December 27th 2010 I started a new job working in oilfield services. Back on top making triple what my wife and I ever made combined.
So, sorry to basically sit here and tell my life story. But the point I am making is, that it is vital that you have money put away. Had I not had that money in the bank who knows where I could be right now. Cuuld I be the guy stealing copper to put food on his table? The family sleeping in their car every night because they have no place to live? Believe me, its no fun sleeping in the cemetery or the park. Ive done it, it sucks. Save your money folks. Its so easy to splurge when you are doing well and I still do but I also put alot of money away for the future. Because Ive been to the top and back several times during my life. Eventually most of us hit bottom at some time. Be prepared.
Acidbaby (rep: 7k) posted Jun 30, 2012
@erik - divorces can definitely derail your financially, but I hope you get your staff position soon, to get you back on track. =)
@acidbaby - Wow, you've had it very rough. I'm glad you are sharing your experiences with us so people can understand the significance of the emergency fund, and basically that there is light at the end of the tunnel.
Just skimming through the comments here. My 2 cents are this:
Actually, THATS all I got!!!!! 2 cents in my pocket! One reason, I took to this website. I started out after high school being a photographer, but my business didn't get anywhere, because I was working along side my own competition. Plus, I had negative thoughts all around me- my family, community, etc. No matter how I hard I tried to break in to the business, I kept getting pushed down and away.
So, I tallied along for awhile doing other things, and then even went to school ( I barely graduated from high school- I had gotten my GED) I finished a course - medical assistant- just to find a better type of job somewhere. And then, we all know what happened in 2009, there was a freeze on hiring in the medical field and I got stuck.
No job, no way to make money or use my schooling, or a way to pay the school loans. Now, I'm just barely trying to make due with whatever comes my way.
MdavidK30 (rep: 3.7k) posted Jun 30, 2012
I'm 2 years out of high school and can't find a job, especially having previous back injuries, my options are limited. I wasn't able to start school this year, but I will be next year. It's difficult to have any kind of emergency funds when I can't even get the funds to drive my car or help pay rent. But otherwise, great write up!
Taylor9124 (rep: 88) posted Jun 30, 2012
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