What was your 'money-piphany'? What one moment changed your attitude to money?

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When I was a lot younger I saved up for a few years and went travelling abroad with my boyfriend, planning on finding jobs along the way. Work was a lot harder to come by in one country and we could only find commission-only sales jobs, which neither of us were any good at. Our savings dwindled and I remember trying to eke out a small bag of pasta over several weeks.

Before travelling I was quite flippant with my wages, but when I returned I was a lot more careful than before, and that stuck.

What was your 'money-piphany'? What changed your attitude to money?
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  • maisie_catmaisie_cat Forumite
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    My dad died when he was 39 and until I reached that age I expected to die young ish and lived life a bit too much. I was never in debt but I didn't save as much as I should have, spent what I earned and didn't make mortgage overpayments. 
  • kimwpkimwp Forumite
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    When I was 17, in another city with a friend, I happily bought two pairs of jeans, then realised that left about ten pounds in my bank account from around £100. So an immediate drop from an amount that felt bountiful, to an amount that wouldn't get me home. The experience of going back to the shop to return a pair and realising that I'd spent so much of my money in such a short time really made a mark and it's only recently (20 years later!) that I've been able to relax a bit about spending.
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  • JGB1955JGB1955 Forumite
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    Our money-epiphany was receiving inheritances that take us way above the £1M mark and realising we have to do something about it.  Still struggling with spending... but getting there...  epiphanies can work both ways...   
    #2 Saving for Christmas 2023 - £1 a day challenge £740/£1460
  • tacpot12tacpot12 Forumite
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    Someone bought me a copy of "Rich Dad, Poor Dad". 
    The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.
  • enthusiasticsaverenthusiasticsaver Forumite, Ambassador
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    Taking on our first mortgage probably was when we had to really start being careful as up until then we had two good salaries, a subsidised rented flat in the first year of our marriage, no kids and we spent freely.  No debt but did not really save either except for pensions. 

    After taking on our first mortgage and then losing my salary when we had two children close together meant money was incredibly tight.  I budgeted very very carefully though and we never bought on credit thankfully.  It got easier as time went on but we never returned to our free and easy spending days prior to buying our first house. Even now when we can afford to spend without regard we don't. 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert.
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  • in_need_of_directionin_need_of_direction Forumite
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    For me it was realising that I was working a job I didn’t like to buy stuff I didn’t really want and to pay the interest on my credit cards.
    Mortgage at 01.01.14 £119,481.83:eek: today £5429.46. Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 12st 3lbdetermined to stop defining myself by my mistakes. Progress not perfection.:T86%through my 1% mortgage challenge. 1% = £387aiming for 100% by end of mar 23.
  • lr1277lr1277 Forumite
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    Reading Rich Dad Poor Dad and also Rules of Wealth.
    I read the 2nd book in the Rich Dad series about cashflow quadrants which I didn't find helpful, but I may have missed the message. The 3rd book in the series about investing, I found useful.
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