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[quote=Anonymous][quote=Anonymous][quote]I remember my parents cutting up their credit cards one night, I was about 5 years old, after a brutal argument about money and debt. They paid off all of their debt and then saved for a new house. They built the house and 9 months after we moved in my father lost his job. I remember the sheriff coming to our house to deliver some papers. I remember not long after that our church brought groceries over. I remember wearing really big clothes to school. I remember everyone knew what was happening to our family and why we had to move. I remember a lot of crying and sadness and just overall despair. To this day I am still scared to death at the prospect of losing a home.[/quote] This story really got to me. Can you tell us if they ended up ok? Just heartbreaking that they learned their lesson on debt and still lost their house later.[/quote] We ended up ok. We received an unexpected inheritance from an elderly neighbor who knew us during the worst of everything. My father started a business, without debt, which he still owns and operates today 20 years later. They divorced later in life. Unfortunately neither know much about savings, and neither have anything saved for retirement. Which is scary to me. The other part is that neither had graduated from college and really wanted me to- so I did and got a masters too. So a lot ended up well but they both have debt now of varying kinds. And although they are no longer together, they are both kind of obsessed with things and having them. Which I think is apart of the deep pain of loss. [/quote]
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