Bad Money Decision Confession #1
My husband was left with a $40,000 inheritance from his grandmother. His grandparents were very knowledgeable in the stock market and made a bit of money.
To this day, I wonder where it all went. I know $10,000 was given to his mother to pay off the loans that she took out to help my husband with college costs. We also used some to pay for summer school. We bought a 27″ TV and we bought a $3,500 computer because my husband is into videography and needed a good computer for it. I also remember that one credit card was paid off completely ($1600) and I think some more money went to another one.
But really – at least $10,000 of it I have NO IDEA where it went. That’s not good. But we were young (both were 21) and naive about money. I think probably most of it went to eating out and spending the money on frivolous items.
If I had known then what I have known now, that money would have been spent so much wiser.
But as they say…you live, and you learn.
Anyone else care to confess a bad money decision? 🙂