Avoiding My Financial Nightmare

While working on another blog post this weekend, I started thinking about money, stress and specifically how I’m handling it all. I worry about money a lot. I worry about making enough, I worry about our debts, our budget, our future. I don’t sit around and dwell on these things but they’re in the forefront of my brain. I know I’m not alone.

All these thoughts got me thinking about where my motivation comes from. Where I find it within me to get a babysitter on a Sunday afternoon so I can work on my freelancing, precious time I’d much rather be spending with my baby. My time isn’t wasted since I get all my weekly tasks done and have made a little extra money for my family. I could say that my motivation comes in the form of my blue-eyed baby, my husband or some other sweet thing, but I’d be lying. While they absolutely keep me going, my motivation comes from the sheer fact that I’m scared shitless and don’t ever want to live my financial nightmare.

What Does My Financial Nightmare Look Like?

My financial nightmare involves my husband and I at our wits end sitting in this very basement 10 years from now. We have at least one other child that wasn’t planned and we can’t afford because we’re still in debt. The dream I had that involved moving in a few years was a pipe dream because though we ”tried”, we were unable to focus ourselves to pay off our debts and lost all motivation. We accepted the debt and live in a rut with no ambition.

Savings? Forget it. We stash away a few hundred bucks every few months for our retirement but since we don’t have a budget, we have no way of setting up true savings.

Our lives are miserable. We don’t vacation. We can’t afford to allow our children to partake in things that they really want to try.

Since we need a reliable vehicle, we have a massive car loan that we can barely afford and don’t care because we’ve stretched the loan out over eight years. It’s a new vehicle, it will last at least eight years…right?

Our dreams have stopped. Our ambition is gone. We’re still in debt. Living a life we hate in a house we grow to loath. We never get to Hawaii. We hate ourselves especially for not raising our children the way we wanted. We’re disappointed in ourselves. We failed.

This is the story I don’t ever want to write. This is my financial nightmare.

Avoiding My Financial Nightmare

Addressing the key issues in my nightmare is the first step. For us it’s dealing with our debt. We got serious about our debt last year and everything in our lives has improved dramatically. In planning for the future, we’ve been reading up on CFD and Forex Broker services too.

I have this fire in me to work as hard as possible to get out of debt and avoid this nightmare from ever happening. These thoughts of ”what could be” enter my head every day and this is what motivates me to keep going. I have a vision of what my life is going to be like and I want it. I really want it.

What does your financial nightmare look like? How are you avoiding it?


  1. They say fear is one of the best motivational tools 😀 Getting out of debt now is a great way to take advantage of the low interest rates today before they inevitably increase in the future 😀 My financial nightmare is one in which become old and frail, but have to force myself to continue working because I can’t afford to retire comfortably. I plan to avoid this scenario by increasing my savings over time, continue making 15% annual return on my investments, and having a 1 million dollar retirement nest egg by the time I’m 50 years old. Compound interest for the win 🙂
    Liquid recently posted..Abysmal SavingsMy Profile

  2. Something like being destitute, homeless or close to it, in a mountain of debt with no way out.

    Buying a home is my dream but it’s a very scary one. Huge commitment.
    eemusings recently posted..An unplanned trip to a Bangkok hospitalMy Profile

  3. I don´t know if it´s a nightmare exactly, but I´m afraid of having regrets. I want to see the world, and never really having those experiences is something I fear. Not having the financial independence to do the things I want, that´s my nightmare I guess.
    The Norwegian Girl recently posted..Summertime in Oslo – Yes I´m back!My Profile

  4. Ugh, my financial nightmare is this: We buy a house, I lose my job (because the industry my employer is in, is in a downturn), my fiancé’s business never really takes off and he’s still just making ends meet five years from now, we can’t unload our house because property is so hard to sell in this area, and now we have to move so I can find a job in my field, and leave our friends and family. We end up in a high cost of living area while paying a mortgage on an unsellable house, my fiancé is back in a high stress job and I’m at the bottom of the totem poll again.
    Jordann @ My Alternate Life recently posted..The Sick Kitty SagaMy Profile

  5. YOUR nightmare gave me shivers! It’s horrible to think about. I once watched a documentary about people who were barely making it and in loads of debt and living in a house with nothing because they had to sell it. That alone keeps me motivated. I think for me my tolerance would be a lot less though…for me it would be something like having to move back to MI and live with my parents, not having independence, not being able to travel, feeling alone, and never being able to retire (the last one still feels like the biggest reality because although I have no debt, my retirement money is not what it should be). Having fear is never good, but if it forces you to be more proactive then it’s better than nothing I guess. Hope your nightmare NEVER comes close to being true.
    Budget and the Beach recently posted..Life UpdatesMy Profile

  6. I completely understand about worrying about your financial nightmare. It can be really scary to think about being in the exact same place financially. Always good to keep in the back of your mind so that you don’t repeat past mistakes
    Debt and the Girl recently posted..Happy Memorial Day!!!My Profile

  7. My financial nightmare involves a lot of things. Us not being able to afford our home, and everything just going very downhill.
    Michelle recently posted..Happy Memorial Day and $1,582 in Extra IncomeMy Profile

  8. My financial nightmare (WHICH IS NEVER COMING TRUE BY THE WAY) is that I am unemployed and so is my partner and we can’t pay our nearly 120k combined student loans. I won’t travel ever again, any semblance of a ‘good life’ will be gone and I’ll have to move back home. I’ll get older and older and I’ll be too depressed to do the things I want to do. I’ll have no retirement savings and work until I die.

    Yours is pretty scary too! At the end of the day, I know I can only support myself, which is why I hustle a lot. I just got a full time job after looking for permanent work for 2 years. I still take on gigs during the weekend, because I will never feel secure until my debt is paid off and I have at least 10k in the bank.
    Do or Debt recently posted..Beyond GratefulMy Profile

  9. Our financial nightmare deals mostly with education–I worry about not having the funds to give my children the best education possible, when that time comes, because my parents were very conscientious about that for myself and my brother.
    Mike@WeOnlyDoThisOnce recently posted..Simple Goal Setting (and an Interview)My Profile

  10. I agree with Liquid, that fear can be a great motivator. Our nightmare would involve somehow losing our house and our business going belly up. We’re working against this by having a sizable cash pile specifically for mortgage payments and networking like crazy to continue to add clients.
    John S @ Frugal Rules recently posted..Festival of Frugality #390My Profile

  11. My financial nightmare is if both of us lose our jobs at the same time then we can’t afford our home and end up losing it. I know we’d never end up on the street because we could always live with friends or family, but I still fear “losing everything” and being a “failure”. Irrational? Probably, but it keeps me motivated and working hard.
    KK @ Student Debt Survivor recently posted..Can a Master’s Degree Yield a Negative Return?My Profile

  12. It’s great you have lit the fire under yourself to get outta debt! Your nightmare sounds like something I would never want. My personal nightmare is being stuck in the cubicle until i’m old and grey. Trying to not let the nightmare happen by getting out of debt myself and getting smart with my money.
    thepotatohead recently posted..Money Mistakes : Should I Have Retired From the Military?My Profile

  13. My financial nightmare would just be losing all the gains we’ve made and starting over! Fear definitely keeps me motivated.
    Holly@ClubThrifty recently posted..Club Thrifty May Budget Review: Epic FailMy Profile

  14. If it makes you feel better, your nightmare is like the reality for 65% of all suburban families. I’d say if you’ve got a site and a plan, You Are The 35%.
    PK recently posted..Personal Finance 101My Profile

  15. My financial nightmare is both of us losing our jobs and not being able to make ends meet. That’s why I’m building up my side incomes and hopefully it will someday be enough to support us both!
    The College Investor recently posted..Why are Women Afraid to Invest?My Profile

  16. Ya, that definitely sounds like something worth avoiding! Knowing what you’re running from is probably a good part of motivation, good thought!
    Anne @ Unique Gifter recently posted..May Wrap UpMy Profile

  17. Great post, it’s incredibly empowering to look into the darkest place like this and state your fears, doing so is a massive step to tackling them.

    I think that people worry about money a lot more than they let on, even at every level… I am debt free but there is always the next thing – do I have enough set aside for retirement, is X going to be enough, what happens if I die, does the family have enough to support itself etc…
    Matt from Saverocity recently posted..Weekly Roundup – and making some changes to the siteMy Profile


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