An honest look at family finances
16 Jul
The PF Bloggers have decided to do a monthly group writing project. We decided to start off with our personal financial histories. We thought it would be a good way for our readers to get to know us a little bit better.
I’ve written several posts about things in my financial past that made me the way I am. You can read about my first financial memories and the money lessons I learned from my parents. This writing assignment had me scratching my head thinking about what else I could possibly say about my financial history. So I’ve decided to just talk facts.
My first job was at McDonalds. I was 17 and making $4.25 an hour. I remember working 41 hours and my check was $104. I was pretty excited about that! haha. But considering my monthly bills totaled $140 a month, it really wasn’t a bad paycheck.
For the sake of the article my next job was at a coffee shop. (I bounced around a bit between jobs, nothing worth mentioning) By this time I had moved out on my own and had about $4,000 in savings. At the coffee shop I worked for tips and brought home an average of $10 an hour. I honestly don’t remember much about my bills during that time. They were minimal. My rent was $425 and I didn’t have any debt whatsoever. Over the next 5 years I was able to bring my savings up to about $15,000. I was 23.
This is where it starts to go downhill. I would like to skip over the next three years but what can you do, that’s how life goes. I got pregnant with my daughter and looking back, the only time her dad and I got along was when we were spending money. I compromised what I knew was right in order to try to keep my daughter’s family in tact. Of course that couldn’t possibly ever work out. I started working at a bank earning about $30,000 a year. Our bills were still fairly reasonable but our spending was out of control. I kept quiet about things I disagreed with in order to keep the peace. When we finally separated my savings account was drained and I had $3,000 in credit card debt. Once I was on my own I was able to pay off the credit cards in about 6 months and began to rebuild my savings. I’m sure I will write a whole post about this time in my life someday.
It didn’t take long for my life to really turn around. Once I got my act together I got married, bought a house, and now have a good sized savings account. I was able to quit my job and become a stay at home mom.
Make sure you check out all the other PF Bloggers to learn about their financial history.
6 Responses for "PF Bloggers Group Writing Project: Financial History"
hummmm
I think my first Job was Dairy Queen
Then I graduated (or so I remember thinking) to McDonalds. Hourly wage. . . I am way old I guess. $3.35
Ashley, what a rebound! Good for you. I don’t know how old your daughter is now, but she’ll thank you when she’s older.
A side question - do you know if the group writing project is open to other bloggers or just PF bloggers? Who’s managing the submission list?
[...] At WideOpenWallet this week Family History. [...]
This post has been chosen as part of the 69th Carnival of Money Stories at Almost Frugal, going live July 22, 2008.
[...] all of the groups post please follow these links; Girls Just Wanna Have Funds, Living Almost Large, Wide Open Wallet, Master Your Card, and No Debt [...]
[...] at Wide Open Wallet shares her personal finance history as part of the PF Bloggers Group Writing [...]
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