My husband and I have made some major financial mistakes in the last few years, but we’ve managed to come out the other side wiser.
We’ve paid off our high-interest consumer debt and are chipping away at our student loans, and we’ve also managed to save up a $10,000 emergency fund.
I keep track of our assets using the free Wealthfront planner/tracker app, and now, when we’re facing a financial obstacle, checking the app and seeing that we’re doing fine financially keeps me calm.
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Last month, I found out my cat had hyperthyroidism and needed a $2,000 radiation treatment to cure her. A week later, my truck started having problems shifting into gear, signaling that an expensive transmission repair might be on the way.
At one point in my life, these crises would have sent me spiraling through the first few stages of grief: denial, anger, depression. Now, though, I’ve developed a curious habit: Instead of stressing, I log into my free Wealthfront app, and I feel fine.
That’s because my husband and I have gone through financial hell together — and come out the other side. We’ve flirted with bankruptcy, actual depression, and given up our first home in a deed-in-lieu of foreclosure.
But we picked ourselves back up, dusted ourselves off, and we’re making real strides forward. And Wealthfront is helping us see those changes.
The perfect storm
My husband and I haven’t always been good with money. In fact, we started out on the opposite end: We were chronic overspenders and under-planners.
When my husband came back from a tour of duty in Iraq, we decided it was time to buy a house. Unfortunately, we didn’t realize we’d …read more
Source:: Business Insider