I’m the first to admit that I can be more than frugal. I’m down right cheap in some regards. It’s usually when it pertains to me, like if I genuinely need something I will likely put it off as long as possible and take care of anything and everyone else first.
Maybe too much information, but I desperately need underwear right now, probably should have addressed this need ohhh….like three months ago, but I keep putting it off. I need to suck it up, spend the money and buy myself some new gonchies. There’s a fine line between being frugal to reach your financial goals, and understanding the need to spend money on necessities for life. I need to learn that I require certain items and that even though we’re in a hard core debt repayment mode, money will still need to be spent and even enjoyed sometimes.
In reading Jeremy’s post yesterday about the wicked mortgage rate he manged to get on his first home, I was a little taken aback when this comment was left for him:
Only thing I can tell you is two words:
If you can’t do that then you can’t afford it.
Wait until you sign that paper that says that over 30 years you actually pay like 3 or 4 times the price of your house.
Your body looks at that and is like hold up this isn’t a good deal but you sign it anyway. You’ll find out later why you should have saved that down payment money and bought one of these auction properties for CASH. No mortgage = freedom.
If you knew better you would do better.
Like I said, I’m cheap, but really?! People honestly don’t buy houses until they can pay for the whole thing in cash? Especially in this world of record low interest rates? I don’t think the commentor meant any harm by his words, but it certainly made me think. This is the fine line between being driven to pay debt off (or being debt free) and living life.
Through our debt repayment journey- which will last at least another four years- we will be living life. I refuse to be a miserable old cat lady who goes to work, comes home, takes care of family, goes to bed, repeat. I will lose my mind and become even more resentful of our debt and get burnt out with all our efforts.
There are certain things you can’t just give up entirely to pay off debt. Like underwear. If I need underwear I should go buy it dammit! I have to stop allowing my debt make me to feel guilty for spending money. Not just on necessities either, but on things I enjoy, like our upcoming family reunion. Everything in balance. I don’t believe I deserve to live the same life as someone who has attained debt freedom but I’m not going to totally constrict myself either.
I’m going to do all that I can to make it possible so I can live life, buy my underwear and pay off debt. I want it all so I’m going to have to work my ass off to make it happen.
How do you manage a balance between current (or past) debt and all that life entails?