I suppose this blog wouldn’t be complete without me telling my story about how I got interested in personal finance. Many people start this story with how they were maxed out, how they realized they had taken on so much debt that it would take 20 years to pay off, or something similar. My story is much more abrupt than that.
I Totalled My Husband’s Car
Well to be fair, I didn’t total it, the lady driving the van that hit us, she totalled it. Moral of the story: Check your blind spots people!
It was July 10th, 2011, and I was still riding the high from graduating university. I was spending my new pay cheques on wiping out some pesky credit card debt from the previous semester and building up the tiniest of bit of savings (I didn’t know what an emergency fund was yet). My husband and I were driving back from a visit to our families when the trusty old neon met it’s unfortunate end. I wish I could say that at least no one was hurt, but I broke my wrist. Damn you high speed collision!
The next few months were…challenging. We had no emergency fund, the car was very old and was written off by the insurance company for a measly $3200. We were living hand to mouth as it was, and were relying on the kindness of family members for our vehicular needs (my fiancée needed a car for work). To top it all off our stress levels were put through the roof when the doctors tosses around words like “surgery” “shattered” and “permanent nerve damage” at my weekly doctor appointments.
I remember thinking “How did this happen?” “How are we going to handle this?”
You see, I’m one of those annoying people in University exams that fly through the test and leave 20 minutes earlier than everyone else. I’m one of those frustrating people who always did their readings on time, just in case the professor called on me. Heck even now, I do extensive research online before buying anything, to the point where by the time I actually walk into the store, I know more about the product than the salesperson. I HATE being faced with a situation and not knowing what to do. I DESPISE uncertainty, I LOATHE being unprepared.
Let’s Not Let History Repeat Itself
Once the chaos of finding a new (to us) car subsided and I found out I wasn’t going to have permanent damage in my wrist, I started thinking about what I could do to avoid this situation in the future. I remember stumbling upon my first personal finance blog, Young and Thrifty, and it was like a light bulb went off in my head.
Holy crap, there are other people out there who talk about money?
And that was it, I was hooked.
How did you get involved in personal finance? Everyone’s story is unique, I’d love to hear yours!