Zone 2

Money Drain Update! $90,000 Lost was really $300,000

Some time ago I had posted an article about how the expenses of one hoarding case amounted to approximately $90,000 over the course of 10 years for 3 storage units.  While speaking with a friend recently that was a mutual friend of the hoarder, I found out it was not 3 storage units, but 10 storage units.  And I am only guesstimating the 10 year mark, because I know some items in the storage unit were wrapped in newspapers from the 1970’s, so $300,00 is likely very low to the actual amount of wasted money.

10 storage units for 10 years at approx $250/month is a $300,000 expense to store items they didn’t need that they could have sold for a savings that would have been ginormous.

Very unfortunate 🙁  If you have a friend or relative that suffers from a hoarding sickness, do them a favor and try to encourage they get help.  The amount of money that could be wasted is unreal.

Total flushed down the money drain: Over $300,000 🙁

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

This entry was posted in Money Drain Stories and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

Zone 3