Comments on: Learning Your Lesson from Past Financial Mistakes http://notmadeofmoney.com/blog/2008/08/learning-your-lesson-from-past-financial-mistakes.html Save Money - A Personal Finance Blog By A Husband And Wife Tue, 09 Mar 2010 15:52:08 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Dee http://notmadeofmoney.com/blog/2008/08/learning-your-lesson-from-past-financial-mistakes.html/comment-page-1#comment-141257 Dee Sat, 16 Aug 2008 18:47:57 +0000 http://notmadeofmoney.com/blog/?p=668#comment-141257 I would never have co-signed with my adult child to buy a house. We never had to pay a payment, but the pressure was always there thinking that we might have to. Due to changing life circumstances, we had to sell the house recently in this horrid market. We sold it at a huge loss and thereby saved our credit rating, but the money we lost is still gone. Moral of the story: never co-sign for for anything. Period. I would never have co-signed with my adult child to buy a house. We never had to pay a payment, but the pressure was always there thinking that we might have to. Due to changing life circumstances, we had to sell the house recently in this horrid market. We sold it at a huge loss and thereby saved our credit rating, but the money we lost is still gone. Moral of the story: never co-sign for for anything. Period.

]]> By: Carnivals, Festivals and Linklove — Almost Frugal http://notmadeofmoney.com/blog/2008/08/learning-your-lesson-from-past-financial-mistakes.html/comment-page-1#comment-141099 Carnivals, Festivals and Linklove — Almost Frugal Sat, 16 Aug 2008 10:04:28 +0000 http://notmadeofmoney.com/blog/?p=668#comment-141099 [...] Made of Money asks what your stupidest financial move was. I know what mine was, check out the post’s comments to find out [...] [...] Made of Money asks what your stupidest financial move was. I know what mine was, check out the post’s comments to find out [...]

]]> By: Scott @ The Passive Dad http://notmadeofmoney.com/blog/2008/08/learning-your-lesson-from-past-financial-mistakes.html/comment-page-1#comment-139901 Scott @ The Passive Dad Wed, 13 Aug 2008 00:08:11 +0000 http://notmadeofmoney.com/blog/?p=668#comment-139901 I bought a big screen tv that was way to big for our apartment. I had to have it, and it was fun, but at a huge price. We recently donated that tv and I still think about how much it cost. I bought a big screen tv that was way to big for our apartment. I had to have it, and it was fun, but at a huge price. We recently donated that tv and I still think about how much it cost.

]]> By: Kelly from Almost Frugal http://notmadeofmoney.com/blog/2008/08/learning-your-lesson-from-past-financial-mistakes.html/comment-page-1#comment-139792 Kelly from Almost Frugal Tue, 12 Aug 2008 17:47:42 +0000 http://notmadeofmoney.com/blog/?p=668#comment-139792 If I could take back one financial move I've made, it would be trading in my paid off two door almost new Ford Escort for a several years old Jeep Cherokee with lots of miles and problems at a high interest rate, *just because I fell in love with it*. Man that was stupid. It was also indicative of my general problem of not thinking the costs through, nor analyzing the purchase, but instead just jumping in. That car purchase was 15 years ago and I still regret it. If I could take back one financial move I’ve made, it would be trading in my paid off two door almost new Ford Escort for a several years old Jeep Cherokee with lots of miles and problems at a high interest rate, *just because I fell in love with it*. Man that was stupid.

It was also indicative of my general problem of not thinking the costs through, nor analyzing the purchase, but instead just jumping in. That car purchase was 15 years ago and I still regret it.

]]>