Monday, March 22, 2010
Balancing responsibility and fun
With my larger-than-expected tax return, I paid off a large part of my car loan--leaving me with just $384 on the little bugger.
And after another unexpectedly large (deliciously so) financial windfall, I knew I was going to commit a large chunk to savings and a smaller chunk to debt repayment. And then I decided that I wanted to blow part of it.
Now mind you, I'm in debt. I recognize that fact. I'm actually moving a big part of my credit card debt over to a LendingClub loan to reduce the interest rate (by 2%... not a ton) and to get it 100% in my name only (it's currently on a shared card w/my mom).
So debt is on my mind. However, I have two years to go. And that's with the purse strings gathered so tight that you could play a Bach violin sonata on them.
I've been doing really well. So I decided that with the delicious windfall, I would save 40%, pay debt with 30%, and blow 30%.
That makes me happy. I get to have some fun and I feel more secure by building a bit more of a savings cushion. It's still more like a travel pillow than a sofa bed, but it's a bigger cushion than I've had. And it means I can flow more bills that come from left field, including cat dental work.
Yes, I'm having a mini vacation from my debt slog. And I feel good about it.
And after another unexpectedly large (deliciously so) financial windfall, I knew I was going to commit a large chunk to savings and a smaller chunk to debt repayment. And then I decided that I wanted to blow part of it.
Now mind you, I'm in debt. I recognize that fact. I'm actually moving a big part of my credit card debt over to a LendingClub loan to reduce the interest rate (by 2%... not a ton) and to get it 100% in my name only (it's currently on a shared card w/my mom).
So debt is on my mind. However, I have two years to go. And that's with the purse strings gathered so tight that you could play a Bach violin sonata on them.
I've been doing really well. So I decided that with the delicious windfall, I would save 40%, pay debt with 30%, and blow 30%.
That makes me happy. I get to have some fun and I feel more secure by building a bit more of a savings cushion. It's still more like a travel pillow than a sofa bed, but it's a bigger cushion than I've had. And it means I can flow more bills that come from left field, including cat dental work.
Yes, I'm having a mini vacation from my debt slog. And I feel good about it.
// posted by Rossie @ 3:20 PM 
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