6 personal tales of bad financial decisions

Recovering from financial folly
Recovering from financial folly © Wavebreakmedia/

Most of us have done it at some point in our adult lives: Made one (or more than one!) really bad financial decision -- the kind of decision that, in hindsight, is so blatant we wonder how it ever happened.

There is the credit card debt kind of mistake that takes years to build. Or, there is the investment scam we sunk a big chunk of money into without fully vetting.

A bad financial decision also could be the result of a toxic relationship that sucks the joy out of life and the money from your bank account. While money mistakes can be costly, they also can be eye-openers. Here's how six people describe their own bad financial decisions and what they've done to move forward.


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Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more



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