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Where do you want to be?

April 25th, 2006 at 12:37 am

I want to be out of debt but what happens when I am? Did you ever want something so bad and when you got it you sort of had a let down afterwards?

When and where do you draw the line between saving and miserliness? When do you spend to enjoy if at all?

Am I missing life now because of this saving thing? Maybe I'm doing the right/wrong thing with my money?

Where do I want to go and where do I want to be with my finances and how do I get there? I guess these are questions we all ask ourselves. Just musing!

Posted in Musings on Life | 7 Comments »

7 Responses to “Where do you want to be?”

  1. Thrifty Ray Says:
    April 25th, 2006 at 12:56 am 1145926578
    1145926578

    I have been pondering just the opposite today...when do you have too much? (why do multi-millionnaires/billionnaires continue to amass wealth??)

    I think we have to constantly take the pulse of the family to determine when enough is enough. BALANCE is key...figuring out the balance point is the tough job.

    I try really hard to budget in vacation and miscellaneous money for those memory making moments as well as those fun impulsive splurges...but I also budget for new tires, insurance, medical bills...I just try to make sure I balance it all out to allow for pleasure as well as necessity.

  2. markio26 Says:
    April 25th, 2006 at 01:49 am 1145929761
    1145929761

    life is a game, you have to learn how to play it... i think establishing good routines and habits are a must.. this week i have started going to bed at 10pm. and waking up at around 5am... i eat fruit and walk on my treadmill for 2 miles.. then i eat yogurt, then i have a light cereal.. etc.
    i am feeling GREAT! i also try to go outside and complete one chore a day.. ah.... fresh air... i think our minds lie to us, so, we need to quit analyzing everything to death... enjoy your life...

  3. Somerlyn Says:
    April 25th, 2006 at 10:21 am 1145960503
    1145960503

    I feel that unless you can pay cash for it, you have to wait to get the things you want. I would love a house in Hawaii, I would love to even go to Hawaii, I would love to experience a cruise, Can I pay for any of these? I try not to live beyond my means, we owe no one and we still have fun. We do go places, places as close to the Hawaiian experience I can get. Do you know how many resturuants have Hawaiian themes? How many Hotels?

  4. StressLess Says:
    April 25th, 2006 at 01:21 pm 1145971280
    1145971280

    There are two books that have been my inspiration and support in paying off our cc debt. One is How To Get What You Want in Life with the Money You Already Have by Carol Keeffe. The other is How to Get out of Debt, Stay out of Debt, and Live Prosperously by Jerrold Mundis. They both stress finding ways to have an enjoyable life NOW, while you are still paying off the debt. Otherwise, life just gets too dreary. And you focus too much on the bills--as you said, thinking life is going to be different when they're paid off, and then feeling let down at the end. And it's not just giving yourself a little spending money, it's taking care of yourself physically and emotionally, as Markio26 suggested. That's why I'm paying a set amount each month on the cc, and not throwing every extra penny at it. I know when it will be paid off, I see progress, and that's good enough.

  5. Ima Saver Says:
    April 25th, 2006 at 03:33 pm 1145979211
    1145979211

    You will feel so much better when you get out of debt, control spending and increase your savings to a comfortable level.

  6. katwoman Says:
    April 25th, 2006 at 07:12 pm 1145992353
    1145992353

    Since I don't know exactly how much debt you have or the terms of that debt take what I'm going to say in a general way: if the debt makes you sick to your stomach then by all means do what you have to do to pay it down. If this strategy is going to make you sick in the process you need to re-evaluate. Not all debt is bad. You've been making excellent progress so you just may be in a position to shift the debt onto 0% card offers which will give you enough time to decide if your current pace of spending down is reasonable and/or healthy for you and your family.

    To avoid that let down feeling why not factor in some savings while you're paying down the debt? Even something small would be a huge psychological boost. Say, $5/week?

  7. PRICEPLUS Says:
    May 2nd, 2006 at 04:10 am 1146543056
    1146543056

    11,328 is what is left on wife's debt. I have been factoring in savings for the emergency fund. I feel that otherwise you never get from under. I have set payment for the CC but when some extra money comes in I try to pay the debt down somewhat.

    You are right in saying I should not get myself sick over all this. I am going to take that advice.

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