One of my extended family members has had some serious financial issues in the past. I won’t go into too many details here, but they all came to bite her in the a$$ the week before Christmas. Her family can’t pay their bills. They are SEVERAL months behind in rent, utilities, and more, and yet they continue to pay over $400 EACH MONTH for a TV subscription that has all the “extras”.
The reason I am telling you about this is because it has had a huge effect on my family’s sanity over the past few weeks. My parents have been stressed beyond belief as they are so kind and wanting to help this person who continues to lie and deceive her family. My dad has had multiple family “meetings” with other extended family members about how to deal with our broke relative and he’s been talking PF a lot lately.
All crap hit the fan for this family member on Christmas day and my dad ended up spending a few hours away from our family and our festivities to help this relative. After he explained a few things to us (my mom, brother and me), I couldn’t hold it in any longer.
In case you don’t remember, I’ve never disclosed my debt or much about my blog to my family. That is until Christmas day.
I Finally Confessed About My Debt
“Guys, I have to tell you something,” I said nervously.
“Ok,” they said.
“Umm, well… I’m in debt too. I have just under $18k of consumer debt and student loans because I dug myself a hole. But, I have a plan to get out and I’m working hard to make it happen.” I said.
“This is what my blog is all about. I blog about my journey to get out of debt and embracing minimalism. I put my monthly budget on there, I share my results, and I lay everything out for the world to see.”
Finally, my dad said, “Kayla, I’m so glad you told us about this and I’m proud of you for recognizing your debt before it became a problem like XXX (relative) has.”
What it Means Going Forward
That’s pretty much how it went down. Boy was I nervous to confess. I still haven’t given them the blog address, but I think the time is coming now that they are in the know about my debt.
Relief flooded me now that they know about my debt. Now I can express more of my feelings out loud instead of holding them in all the time. I was scared that my parents would be mad, upset, or disappointed in me for my financial mess, but instead they congratulated me for recognizing it and taking control. In fact, my dad suggested that I help them and my brother set up budgets of their own!
Don’t worry, I don’t want to be so involved in their finances that it messes up our relationship. I just want to provide them with all the knowledge I’ve gained over the past year(ish) and the knowledge I’m bound to learn as 2015 progresses too.
When was the last time you did something that scared you?