Go to the page to see the pictures w/ the statements.
Part 1: First 25 Post Secret-like Money Confessions
Part 2: Second set of 25 Money Confessions
These are the ones that stood out at me:
“I still can’t forgive my parents for spending my inheritance to travel the world.”
FB: Okay, this statement I have a bit of a problem with. Your parents aren’t ENTITLED to give you money when they retire. It’s their perogative. They saved all their life and if they want to buy a new truck or travel the world and live life a little (if they can afford it without going in debt), then why should they give you the money? *THEY* are the ones that saved it. And THEY are the ones who raised you (assuming), from young. They don’t owe you money on their deathbed, and vice versa, you don’t owe them a living or have a debt/repayment for raising you for when they retire. It’s an unselfish act to have children (generally).
“I eat at restaurants that I can’t afford so as not to lose face with my friends.”
FB: I used to do this. Until I swallowed my pride, and basically said I had too much debt to eat out and pay $90 for a single person. Now, I just use my absence from my home city as an excuse. Some of my friends understand, others have pulled away. *shrug*
“People think that I’m poor because of the way I dress. I have over $1 million in the bank.”
FB: Good for you! My dad has always maintained that if he won the lottery, he’d walk into a Mercedes-Benz dealership with torn jeans and flip flops, and see if he got served or not. 😛
I told him it was very Pretty Woman of him. (LOL)
“I judge people by their career and the amount of money they make.”
FB: I don’t do this because I know that others make do with what they can on a daily basis, and it’s a JOB that pays BILLS, but I don’t really want people to know how much I really make in real life.
“I date men for their money.”
FB: I’ve heard this one a number of times. I’d rather be the one to have the money…
“When my wife asked where I got the money, I told her that I had saved it. I really took a second mortgage out on our house.”
FB: Wouldn’t she find out eventually? Isn’t her name on the deed as well?
“When people ask how I can afford my lifestyle, I tell them that I won the lottery. I have $80,000 in credit card debt”
FB: De-nial. I don’t know how they sleep at night.
“I can’t afford my wife.”
FB: Sad… 🙁 I wonder if she knows how much stress she’s causing her husband.
“I’m a millionaire and I still pick up pennies off the sidewalk.”
FB: Nothing to be ashamed about or be a secret about. I do the same thing… They actually come in handy lol.
“I shop to relieve my depression.”
FB: I was never depressed per se, but I did shop to lift my spirits a lot. It made me feel good to buy something new, shiny, clean, and special just for that moment.
“I spent $80,000 on a college degree I will never use.”
FB: Heard this one too. I use my degree – maybe not as the forefront of what I do – but it DOES help out tremendously…. I hate that jobs SAY they require a Bachelor’s Degree or undergrad when the job doesn’t require any skills whatsoever that need one – or they can be learned/taught on the job, but they don’t want to hire anyone who doesn’t have one. It’s really stupid in my opinion because kids are now going to school taking subjects they don’t even like, because they just need to say that they graduated from college to get a job.
While I agree that SOME degrees are worth it.. a lot of degrees end up being unused because the job you end up getting doesn’t require you to know Art History, or Gaelic.
“I spend over $200 a month on ATM withdrawals.”
FB: This one surprises me that people can admit that… yet they won’t go to the bank and bring out a wad of cash at once to avoid this. It just seems like a waste of money to me. Maybe they club/go to the bar or places that don’t take debit or credit card?
“I can’t stand people who complain about money when they have never known true poverty.”
FB: I don’t like to think that I’m complaining… but I totally see this point. One of my favourite posts has been about this. Puts things into perspective when I read that post once in a while… It strengthens my resolve to clear my debt faster (as in, sticking to the plan I have right now), and making sure we have a solid future ahead of us so we don’t have to worry about these things.
“I pay for sex because it is cheaper than a girlfriend.”
FB: Sad but probably true. But then again, it depends on what kind of girls you date. I’d say that if I dated now, since I’m more frugal in general, I’d really pick and choose where and what to do for dates….
“When I found out he was cheating, spent all the money in his bank accounts before telling him I wanted a divorce.”
FB: .. Is this illegal? It just seems so wrong… I know she’s hurt, but.. it seems so wrong.
“I’m 28 and I live at home with my parents so I don’t have to get a job.”
FB: Clearly a case of failure to launch.
“I paid someone to do all my homework through college so that I could play. I graduated with honors.”
FB: I hope karma comes around and bites him/her in the butt. That’s just undermining the entire fundamentals of ‘getting an education’. Some education.
Probably just played Beer Pong all day long.
Just a girl trying to find a balance between being a Shopaholic and a Saver.
I cleared $60,000 in 18 months earning $65,000 gross/year.
Now I am self-employed, and you can read more about 
Anon: To clarify, I wasn’t cut loose. It was a decision I made.
I do think that these days, the trend is going towards 20-29 year olds living at home until they’re married… so in a way, parents are getting a boomerang effect – they leave for univ/college, and then come back to nest until marriage. delayed failure to launch in my opinion..
I agree that 18 is a young age, but for some it may not be young at all if they can handle it emotionally and with maturity, but for my other friends even at 25, they are still not ready to be on their own.
I think having kids and then cutting them loose at 18 is like getting puppies and giving them away when they’re no longer cute and cuddly.
I’m not saying that you have to support your kids as adults and ask no questions, but I am saying that family is about more than reproducing your genes. If you don’t think “I want my kids to have better lives than I did” then you shouldn’t bother.
There has to be a balance between spoon feeding them and giving them nothing (which in today’s world means they will start out with a load of debt).
AWalker: I’m sorry to hear that! It sounds like a familiar tune (Part 1).
But do you ever wonder when you should draw the line? Even if it’s family?
Husband and I have come to the conclusion that our parents (well, MINE really), have to learn in some way (we’d never let them become destitute or dead poor), to budget and handle their money responsibly like real adults.
It sounds quite unfair to you and your husband to have them help out your sis-in-law so much. This sounds like a classic “Millonaire Next Door” Outpatient syndrome…
I sometimes get mad at my In-Laws who went bust when my husband went through college, which meant that we started out life with a VAST amount of debt which we never really recovered from. Fair enough – it was his education, only right that he should pay for it and all…
However, they still bail his sister (28 years old) out to the tune of hundreds of pounds a month, even though they can’t afford it and are heading towards bankruptcy again.
And who will pick up the pieces when it all goes wrong again? That would be me and my husband. *sigh* I love them, but I wish they’d develop a Clue Gland or something.
Mm.. I’m mad at mine too, but not for the same reason (I think). I’m mad at mine because my dad has sworn up and down that he had money saved aside for me for my education. My mom confirmed it, and I was happy in high school not to have to really stress about it (mind you, I also applied for scholarships based on grades and need, etc).
When it came around to University, I never heard a peep out of my parents about it – I figured it out later that he probably lost it all in the stock market and/or gambling.
*sigh* That’s why I’m mad. They promised it to me all those years, then pretended they never did.
Although to be fair(ish), my siblings paid for University as well. (Never mind it was WAY cheaper than what *I* paid, and they sponged off my parents living at home for free). I ended up moving out early at 19 and going to a different University in a different city where my parents didn’t live, so I lost out in that sense. (sigh)… 🙂
But it’s all in the past now, I guess it’s made me a stronger person in the sense that I had to learn the value of hard work and money early on in my career and life, instead of later.
I’m still kinda mad at my parents for not helping me with college. =(