Celebrating Failure

1) Tell us about a time this past semester that you failed -- whether in this class, or outside of this class. Don't spare any details! It'd be even better if there was something you tried several times this semester, and failed each time.

This past semester I have really been struggling with handling my money and I have run up some up debt that is so unnecessary for me to have that it is truly a failure for me this past semester. I have always struggled with money management and need to figure out a way for me to truly understand how much I spend. I only have one year of college left and should be better at managing the money I have before having to handle real world bills and financing. It scares me that I cannot get a handle on this. I have struggled with managing my funds since I got to college. It makes me sad because I am fortunate enough to have no debt from school thanks to my family and I even get a monthly allowance so I don’t have to work. The issue I run into is that I spend all my allowance and then use my credit card thinking I will pay it off and then I spend to much and its impossible for me to have enough money to live and pay off my credit card. I don’t want to ask my mother for the money because I have done that twice and I don’t seem to be getting a handle on the situation so I really want to try and figure this one out on my own to finally put an end to this irresponsibility.

2) Tell us what you learned from it.

I have learned that this is an ongoing issue I have not resolved within myself and it needs to be handled as soon as possible. I cannot be acting like an immature child with my credit card. It is so unacceptable at this stage in the game and I am done making excuses for myself. My parents work hard so that I don’t have debt and can have good credit and I cannot be messing that up. My future relies on that. I have some solutions I have been thinking about. Therapy is a definite one I intend to pursue since I think this is an impulse fueled by something bothering me and I think that talking through it will help me find the root of the issue. The second is to get a part time job to pay off my debt. I refuse to have my parents fix this again when I have already asked for help multiple times. It is time I grow up. I am not ashamed or think I am dumb or weal but I do not want this failure to continue. I have the ability to control my actions and fix qualities in myself I do not like. This is what this failure has showed me.

3) Reflect, in general, on what you think about failure. Failure is hard, isn't it? It's embarrassing, sure, but it also means that we have to change something about ourselves. Talk about how you handle failure (emotionally, behaviorally). Finally, talk about how this class has changed your perspective on failure -- are you more likely to take a risk now than you were just a few months ago?

Failure is definitely embarrassing, especially when it is not the first time you have made a certain mistake, yet I don’t want that to to stop me from embracing that fact that I need outside help to fix the issue I have. I don’t want to hide my faults anymore. I want to find people that can help me work through it. The worse thing you can do to yourself is enable yourself to keep making the same mistakes over and over again. You can never move on and grow as a person. I used to approach failure very emotionally because I had loud, strict parents that would always yell. Growing up, it was hard and scary to tell my parents something when I knew they were going to yell at me. Even though they always had my back, that initial scolding would keep me from sharing, so it was something I had to make myself do as I got older. Your parents are people who love you unconditionally and could only want the best for you so why hold back from them. They love you even when they are disappointed in you. The best part is that they are there to help pick up the pieces whenever you need them too.

This class has helped stretch my view of the business world and of growth as a young adult. It has forced me to interview strangers and go out and talk to random people. This class makes you get out of your comfort zone a little bit and it is very rewarding. Being reminded that we can control every aspect of our lives is very empowering and that is something this class does. I am much more willing to ask the opinion of a stranger or speak in front of crowds after this class due to all the outsourcing work we had to accomplish.






Comments

  1. Hi Monica,
    I liked your post. I think a lot of people have a hard time managing their money. There are many adults who encounter this type of problem not just college students. I think you have a good solution in getting a part time job. That would definitely help you in paying off your debt. The nice thing about that is after you pay down your credit card you'll have extra money on top of your allowance if you keep the job. Hang in there I'm sure you'll be fine.
    Nice post!

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