This article, published in May 2011, talks about four unhealthy attitudes towards money. From those four catagories, I would probably place myself in the "Money Status" & "Money Worship" catagories. Looking back, I think a lot of my credit card use came from wanting to impress others, either by picking up a restaurant tab, buying a new purse, or getting someone the perfect gift (even if it was more expensive). After taking the Financial Values Inventory Quiz (page 3), my "values" (Personal Care, Social, Hobbies, Travel, Housing) reflect that attitude as well.
An article in the NY Times online quotes Eric Mills (founder of ohnomymoney.com): "The taboo around talking about money is ill-founded,' he says. 'When you’re the only person dealing with it, you’re subject to all of the dysfunctions we all have. If we could all be a little less uptight and more communicative and social about it, we’d be getting better advice, and it wouldn’t be the sort of thing that we stress about privately."
We didn't talk about money in my family. I don't remember over-hearing conversations between my mom & dad about money and I don't remember any conversations between my parents & I about money. I remember I was allowed to "spend half, save half" of any birthday or Christmas money received, but there was never any ultimate goal of the money saved. In fact, I don't even know where it went. I assume it went into the savings account my father turned over to me when I was 18, but I can't tell you for sure. As a result, I went to off to college with very little in my checking account, a credit card in my own name, and not a whole lot of common sense. You're correct if you assumed that the savings account was drained rather quickly.
Are you sensing a pattern here? I am.
I still struggle to talk to my husband about our finances as a couple. I feel we never have enough in reserve; He thinks I worry too much. He doesn't know how much revolving debt I'm currently carrying because I'm so ashamed to admit it. It's hard to disappoint the people you love. Don't worry, I'll tell him eventually. Baby steps. Last night I told him I was blogging about not shopping and saving money. He was happy I don't mention him by name.
Day Eight Spent: $0.00
Day Eight Saved: $0.00
|oh oprah, you are so wise.|