Skip to main content

TIFU Financially

Throw away, it's a long post. I fucked up massively, I don't know how to fix it and just need it off my chest before I go insane or jump off a bridge.

The backstory:

I (29F) agreed to get a loan out in my name to support my mom's house project.

She lives in another country with her partner (different nationality to me and mom) and they had decided to come back to our country to live out his retirement.

My mom had found a cheap piece of land in a small town and it seemed like a lot of people were showing interest so she made the decision to buy it out right.

She then found a company that builds prefabricated houses for a good price but she and her husband couldn't get the rest of their savings accross. (They live in Switzerland and the law on how much you can legally take out of the county is very tight)

So in the beginning of last year she asked me if I would be willing to take out a €25k loan to cover the upcoming expenses on the start-up house purchase with the agreement that they will send me money monthly to cover the loan installments. I agreed...thinking I'm responsible enough not to spend the cash.

The house project however took a very long time to get off the ground. The architect took over 9 months to finalize the floor plan which brought us up into winter and they had to postpone the actual house build until the weather cleared up.

I had paid a few expenses mom had asked of me in that time period, probably no more than €15k - paid for documents, legal things and for the floor plan the architect had made...but I was also spending a lot of the cash on me and my partner - mainly spoils we could have easily gone without...my partner didn't know I'm spending loan money for those spoils.

Once the weather got better and allowed for the actual building process to start I had to cover the cement foundation of the house which wasn't cheap and that left to zero..

Knowing I fucked up and that my mom would need the rest of the cash I did the stupidest thing possible - took out another loan without telling anyone. I told myself I will be responsible with those funds (wouldn't be writing this if I was). The second loan was for €15k more.

Out of those we immediately had to pay €8k towards the building and a few other smaller transactions like getting my mom flights, giving her money while she was here etc. The general metal structure took around 5 months...during that time I had fallen into a hole and had started gambling online pretty seriously. I thought I can get one of those massive hits I kept seeing people win.

(My partner gambles occasionally so im prove to seeing how much one can win, for some reason I chose to ignore all of the times he lost what he had put in)

Last time my mom asked how much cash we have left in the loan account I told her it was around €4k ish..and she asked if i can pull them out the bank and give them to her tomorrow....I have none in my account.

I understand it's my own fault, I've made some extremely stupid financial decisions. I have no one else to blame but myself.

Im scared to tell my partner because I think he will leave me. If I was a sane and stable person i wouldn't stay with someone like me so I don't expect him to.

And I'm scared to tell my mom her lifeline she thinks she has is nonexistent. Seeing how much troubles and nerves she had during the whole project I have no doubt she will be furious and frustrated.

I have tried to find another job, legally im not allowed to work over 12hr in a day and the law for employers hiring employees on a "second job" basis is strict.. so far I've been to over 10 interviews in the past month and they have all turned me down.

I've applied to get the loan refinanced but they rejected the application and no other bank would loan out to me.

I don't want to get a payday loan, they have ridiculous return rates and I think I don't need to get myself in more debt.

I think im just preparing myself for the worst at this point. After tomorrow I'll be left with a broken relationship and will most likely be no contact with my mom.

TL;DR I fucked up financially.

Labels:

Comments

Post a Comment

Popular posts from this blog

TIFU - Don’t do what I did

On Sunday morning Aug. 24th, I awoke to discover a large blind spot in my right eye, which turned out to be what is called wet age-related macular degeneration (AMD). It has resulted in a very significant, permanent loss of vision in that eye. Although I maintain good peripheral vision, whatever I focus on at best is very blurry, and mostly disappears. I can barely make out the large E at the top of the eye chart. If this happens to my left eye I’ll be unable to read or drive. It turns out that I missed the opportunity that I had to prevent this from becoming a serious problem because I failed to report what appeared to be minor changes in my vision. In the weeks prior to August I had noticed that what I knew to be straight lines appeared to my right eye to have a little waviness. I also noticed that the color of my front lawn, which I could see through the window from my recliner,  was subdued, looked almost gray, in my right eye. So I scheduled an eye exam, which revealed the p...
Post a Comment
Read more

TIFU by getting suspended for 2 days by my front office in school.

I (13M) am an African American student at Jeannette junior high who had got suspended for 2 days here. I was in math class minding my business until my teacher had told me to go to the main office, which posed no problem to me. As i went down there, the people of the front office had stopped me and made me get a new ID (yes, we have id's.) so i had asked them if i could maybe do a different alternative and call my mother to let her bring the Id here, even then, the Id isn't that important. So, although i was talking to them in a calm manner and not showing any signs of rebellion, they had threatened to call the police on me without thinking twice before calling my parents. This is where i started getting angry, and even then now the black peers agree that could have been a racially motivated action. They then told me to sit in the office conference room because of that, leading into more anger. They had then called my mother who had came over to the school didn't even let ...
Post a Comment
Read more

TIFU by putting my already skinny jeans in the dryer on high heat.

TL;DR: Was stupid and didn't realize I put my clothes on extra high heat in the dryer. Had to rock skintight skinny jeans all day with tighty whities (only clean pair I had since I procrastinate doing laundry like crazy). I guess the constant wedgies and squishing are punishment for my stupidity. Honestly don’t know who else to blame but myself for this. I’m a scatterbrained guy so I literally put the highest setting on a load with most of my clothes, and my skinny jeans that I was planning to wear today. You can probably already see where this is going, but somehow I didn’t. For context, these jeans were already pushing the limits of what could reasonably be called wearable. They fit, technically, but only in the sense that I could get them on with enough determination and a bit of strategic breathing. Sitting down in them was more of a commitment than a casual action. Still, they looked good, and I had convinced myself that discomfort was just part of the aesthetic. So this m...
Post a Comment
Read more