~Never spend money before you have earned it~ Thomas Jefferson
**Names have been changed**
I was making plans to leave Richard in 2006 and was a few months away from paying off all of my credit card debt. We had been together about 4 years and were living on separate floors of the house for the past several months. We were arguing one night and I told him that I wanted a divorce. "Go back to your dad. He'll want you," he said. Richard was the first person who I confided in about being molested by my father. At the time, I had picked the most awkward moment to reveal this deeply held secret. We had been dating a few months and hosted a small New Year's Eve party. I was drunk and pulled him into the bathroom and told him. He teared up and I thought he was the only guy who would ever cry about this secret. I felt like he really cared about me.
After he made that comment during our fight, I just stared at him and was speechless. He proceeded to tell me that he was going to tell my parents everything that I had told him about the abuse which absolutely terrified me. At the time, I never planned on confronting my parents. I loved and needed my family and couldn't imagine losing them especially while going through a painful divorce. I left the living room where he was sitting and went into the bedroom. I sat at the end of my bed and looked out the window. I was stunned and heartbroken. I hadn't planned on this happening and didn't know what to do. I felt very alone as I hadn't told any of my family and friends about my past.
I decided to stay with Richard because divorce made me feel ashamed and guilty plus I was fearful that Richard would say something to my family. I felt trapped and isolated. The event triggered a spending binge which I had under control for a few years. As an addict, I can rationalize anything; right or wrong. I felt that if I had to stay in this pathetic marriage my whole life, that I was justified in having stuff that would make me happy. Over the next several months, I accumulated about $30,000 in credit card debt including spending about $1000 on his 30th birthday party. His gambling addiction also became worse and when he was gambling half of his paycheck and spending most of his time at casinos and online, I felt compelled to charge $10,000 on his credit cards to get his attention. We agreed that I would pay him back in cash and sexual favors. It was a ridiculous arrangement and I felt like a prostitute in my own home.
Of course, all this stuff didn't make me happy and didn't take away the excruciating pain. After about a year back together, we separated again in 2008 and I moved back into our basement. The housing market crashed and our house was now worth about $30-40 thousand less than what we paid a few years earlier. I couldn't afford to hire an attorney and my credit cards were maxed out. I started consumer credit counseling, so the majority of my money went towards paying bills and paying the mortgages. My first "drug" of choice in the form of shopping was no longer available. My second drug of choice became alcohol and my consumption steadily increased at happy hours, parties and at home.
By 2009, I was terribly depressed and suicidal. I think I cried everyday for a year and spent many weekends in bed. At one point, I desperately searched for a crisis hotline on the internet. Unfortunately, the worst time to look for a crisis hotline is when you're in a crisis. When I finally found a number, they informed me that they had a 15-minute limit. I felt very distraught and hopeless. The last straw came after coming home drunk one night and passing out in the hallway of our house, I awoke the next morning in Richard's bed naked while he was getting ready for work in the bathroom. I felt so ashamed. How could I let this happen? What if I'm pregnant? I couldn't believe that he did this to me. I asked him if he used a condom and he said that he had. This was the only time in my life that I couldn't remember having sex. I was so disgusted with myself and hated him for taking advantage. I never told my family or friends because I felt like a slut.
To maintain the little sanity that remained, I moved out of the house shortly after the incident in July 2009 and moved into an apartment downtown which I loved. I told Richard that I would continue paying the second mortgage to avoid foreclosure, but couldn't live with him anymore. I was hoping the market would turn around shortly, so we could sell the house and break-even. In March 2010, Richard stopped paying the first mortgage and wanted to foreclose. It made me extremely angry. I stopped paying my credit cards and focused on saving the house. There were so many foreclosures and the banks were more more flexible with loan modifications, so I thought I might be able to pay for the house myself. In the meantime, we both signed up for legal service benefits through work which covered our divorce fees. I hired a lawyer in May and let him know my goals of moving back into the house. I worked on loan modifications for both mortgages which took many hours and was extremely stressful. I began paying what I could to both mortgages while paying rent. My animosity toward Richard grew exponentially. I was exasperated that he was saving all this money while I was paying for him to live there.
Later, I found subleases and stayed at my parents for a few months while I dealt with the divorce and the house. I ended up paying about $7000 towards both mortgages. My drinking and partying significantly increased to cope with all the dysfunction and pain. After my car accident happened in September, all the energy that I put towards the house and divorce was now going towards physically healing. While this was occurring, I learned that our mediation in court was scheduled for December. Everything became overwhelming and a few weeks prior to court, I was diagnosed with a brain disease which causes chemical dependency and addiction. I had an emotional, physical and spiritual collapse. On November 23, I was still unsure about what to do for addiction treatment and then I experienced an intervention, but not with a group of family and friends. It was a Divine intervention that urged me to do inpatient treatment, so I checked myself into rehab the next day.
Problems don't disappear while drinking, using drugs or attending treatment, so they've been patiently waiting for me. Around this time in March, I had learned from one of the mortgage companies that a sheriff's sale was scheduled for April 11th. I asked my lawyer to inquire if Richard would be willing to do a short sale. Richard and his lawyer agreed with the plan as long as I did all the work. I called a real estate agent who was willing to work with me and then he recommended that I also talk with a lawyer for more information on short sales. I called the lawyer to make an appointment, however, I received word that Richard rescinded and no longer wanted to sell. My lawyer told me that Richard would be able to live in the house for 6 more months after the sheriff's sale.
I was livid that he could continue living there for free. It infuriated me that Richard was able to stay in our house for almost 2 years alone and that he didn't have to pay anything for 18 of those months while I struggled. I thought about the $32,000 that Richard could be saving by not contributing anything to the mortgages during this time. In addition, I knew that he was planning bankruptcy which would absolve him from paying back the remainder of the mortgage after a sale; leaving me with the financial burden. Since we're both listed on the mortgages, the banks could potentially come after me if I choose not to do bankruptcy. I guess from a business perspective, he's making all the right choices. Sometimes, you don't get rich by being moral and ethical. I guess, I could have done the same thing, but that would have meant living with Richard and no amount of money was worth living in that toxic environment.
Our divorce pre-trial was scheduled for April 27. There was nothing I could do about a short sale as he would not sign off. By going to trial, I was hoping to recoup some of my payments towards the mortgage, but the outcome was unknown. With this new dilemma of hitting bottom financially, I finally asked for help. I Googled christian financial planner minneapolis. I desperately needed CPR to revive my financial health, so I decided to add a CPA to my team who also understood the concept of tithing and giving back. I always thought you had to be rich to work with a financial planner, but I realized that I would never be financially stable without one. He agreed to meet with me for a free consultation before treatment the previous day.
I walked into his nice, big office filled with sports memorabilia and dark wood furniture. He was fittingly analytical, but still personable. He was probably in his late 40s. We shared our backgrounds with each other. I told him about my divorce, rehab, addictions, car accident, faith, etc. He said that he knew some people who were alcoholics and asked me if I knew that I could never drink again. His tone was respectful and he seemed to be looking out for me, so I replied that I understood and planned not to drink even though I really missed wine. He made me feel comfortable. We talked about our culture of overspending and lack of financial education in schools. He told me about people he knows who make millions, but don't know how to handle it and think it's not enough. He generously shared his testimony and it was really inspiring. In the last few months, I've heard of so many stories of people who were blessed financially who have chosen to pay it forward.
I shared my credit report and told him my gross income. We went over all my monthly expenses including federal and state taxes, health insurance, medical expenses, 401K, student loan, rent, bills, etc. This was the first time that I had ever sat down and seriously reviewed my budget. I felt really dumb as I couldn't account for some expenses which may explain my predicament of living paycheck to paycheck. As I've discovered with many other aspects of my life, I was unconsciously spending and handling money. Companies couldn't exist without a budget, so why did I think that I could be so undisciplined and reckless? He asked me questions about my spending habits, but wasn't condescending or rude. He said to me that "it's just money and that I could spend it however I wanted." It was a total shift in thinking for me to view money as "just money" and it felt more empowering. I had a lot of negative connotations surrounding money which started in childhood. It always felt like money controlled me which is probably why I didn't want it around. I couldn't get rid of it fast enough.
We talked a lot about needs versus wants. For instance, some people he knows believe that country club memberships are needs. On a much smaller scale, I felt like my $500 a month gym membership with personal training sessions were necessities to improve my health and maintain sobriety. Of course, it's a want, but like I said, it's easy for me to rationalize and justify anything. It's quite a talent. Our conversation continued and went something like this as we talked about finances. "Why did you do this," he'd ask. "Because I'm stupid," I'd reply. "Why did you do that?" "Because I'm an idiot?" "And this?" "I don't know." Even though it doesn't sound like it, this was actually a pretty enlightening conversation for me. Psychology and finances are so intertwined and he motivated me to think hard about a lot of different things.
He suggested bankruptcy. I explained to him that I had a really difficult time with this because it made me feel like a bad person even though I knew of plenty of good people who have done it. He said that I had many valid reasons to file with the accident, treatment, divorce, foreclosure, etc and that it would make sense to do it now when a quarter of the country is experiencing foreclosure. I know there's a global financial crisis. I know our country is trillions in debt and our state is billions in debt. I know millions have been through divorce, bankruptcy, addiction, accidents, abuse, foreclosure, etc. It's a bit narcissistic to believe that no one else has ever experienced the agony of all this drama. However, while deeply embedded in the pain of financial ruin and all this other stuff, it still feels like I'm alone sometimes.
We spent nearly 3 hours chatting and I was so grateful. No one had ever taken the time to talk to me about finances and help me establish a budget. I still had a lot of big decisions to make, but felt hopeful. It was cleansing to humble myself again and ask for help on another subject that had been so shameful for too long. As I slowly peel each layer off this smelly onion, I've found that beyond the tears, there's clarity.