My daughter had a cavity. You could probably count that as money mistake number one since cavities are clearly avoidable! On our way to the dentist that fine summer morning, I sneezed a few times as I approached an intersection. After my final sneeze, I looked up as I turned the corner to see a red light. Aargh! I said to my daughter, ‘I hope I didn’t just get a ticket, I wonder if there are cameras there.’ Sure enough, the same day the dental bill arrived in the amount of $124, so did the ticket, ironically, in the same amount. That’s one expensive cavity!
My husband, Blake, relished in the opportunity to share the red light bad news after picking up the mail. I heard a lot of commotion and loudness downstairs when he came in the door that evening. Why? Let me tell you, before he gave me the news, he was frantically trying to figure out the date on the ticket and if it was actually HIM driving. You see, we have a long standing agreement that if either of us drives in such a manner to receive a ticket, the amount would have to come out of our very own allowance.
Blake was annoyed with my constant reminders to slow down so we came to this agreement. If he got a ticket he would pay for it out of his allowance. That may have decreased the reminders somewhat, but, let me tell you, it’s hard to not say a word.
Cavities and tickets aside, there are many money mistakes to be made. It’s our job to avoid them the best we can and look for silver linings in the ones we can’t.
Signing up for memberships and credit cards for a one-time benefit.
That Fiesta Ware was calling my name and I could save an additional 20% if I opened a new card. Well, of course I want to save 20%! I signed up and haven’t used the card since. Now we have open credit sitting there for no reason and we are afraid to close it for fear of losing a few credit score points.
Silver Lining: Hey! I saved over $20 AND I know to say NO next time!
Purchasing subscriptions to magazines that don’t get read.
That subscription that you just HAVE to have because it is chalk full of pertinent information that will change your life? A few months later, that life-changing information is collecting dust and begs to be read. Yep! I’ve got one of those piles. Some day I will read every last word. Until then, I am cancelling the subscription because I don’t need that kind of stress!
Silver Lining: I have blog post ideas at my fingertips if I just crack one or two open!
Getting excited over a great sale.
Do you ever get so excited over a sale that you can’t control yourself and buy stuff you don’t need? Ding, ding, ding! That’s me in a nutshell. We were at the shoe store to buy shoe inserts. Inserts! Low and behold we found out my daughter, Hazel, needed to buy a size up in order to use the inserts in these particular shoes. Of course, I want to protect this girl’s feet so we bought a new pair of shoes. Why just buy one pair though when the second pair is half off? You guessed it! We bought the second pair for my son, Zack, who doesn’t even need shoes. We did purchase them in a size up to grow into. Whew!
Silver Lining: Won’t need to buy the boy shoes for a good while!
Shopping on a whim.
Okay, so in my defense, I was at the mall with my two teenagers, having a great time when WHAM! a chocolate store popped up out of nowhere!
Let’s get a piece of chocolate … or three … one for each! No prices were to be found but, hey, it’s a piece of chocolate, it can’t be that much. Say what? $9 for three pieces of chocolate? For real? I calmly paid as if it were no big deal and vowed to never buy chocolate there again. The chocolate wasn’t even that great.
Silver Lining: I’m reminded to ALWAYS ask how much!
Not stopping at a yellow light!
If you sneeze, just stop! You might have people honking at you but you won’t have a ticket. Just kidding. I need to learn to sneeze with my eyes open!
Silver Lining: My soon to be driving teenagers know it isn’t the end of the world if they get a ticket. You can show them how to handle it with grace and calm while your husband looks on with glee.
We all try so hard to get ahead and then those pesky money mistakes slam you down leaving you feeling hopeless.
Money mistakes happen when we let our guard down, sneeze, or don’t pay attention.
There is always a silver lining, right? I firmly believe there are lessons to be learned from each of our money mistakes and we may even be preventing bigger money mistakes when we learn from the smallish ones.
It’s time to let go of those money mistakes and look to the present for ways to avoid those mistakes and start gaining ground again.
Yeppers! Blake was thrilled that $124 wasn’t coming out of his pocket! Although, I feel compelled to tell you he received an $875 speeding ticket a few years back, while on vacation, and refused to drive the rest of the trip! Perhaps my driving avoided an accident down the road? I’m looking for the silver lining!
What Money Mistakes have you made? Did you find the silver lining?