Comments on: How $10,000 can feel

By: Frank

Frank — Fri, 18 Jul 2008 13:23:06 +0000

It's strange for me, if I have $10,000 to spend on anything (that I have saved) I am very hesitance and cautious. On the other hand, if I was to borrow $10,000 to spend on something, I'd be less likely to care about my purchase. Makes no sense I know, so I just don't borrow.Frank's last blog post..Ask Us Anything!

By: Jennifer

Jennifer — Thu, 17 Jul 2008 01:00:50 +0000

You are doing great at saving money. You won’t have to worry at all during maternity leave because of smart planning now.

By: Pete @ biblemoneymatters

Pete @ biblemoneymatters — Wed, 16 Jul 2008 14:06:25 +0000

It’s interesting too – how fast you can save up that money when you don’t have the debt. We’ve found that since we retired our last debt a year or so ago that it’s a lot easier to save – and the savings pile up faster! Since getting rid of our last debt we’ve piled up a $2000 emergency fund and over 20 thousand for our 6 months of expenses. Now we’re saving for our trip to europe in september! Being debt free is very freeing!

Pete @ biblemoneymatters’s last blog post..Money Matters

By: tiffanie

tiffanie — Wed, 16 Jul 2008 05:54:46 +0000

you bring about a good point. weird how the same amount of money can feel like two completely different things when it's the difference between PAYING interest and ACCRUING interest that's working for you. i'm eager to be out of the red and into the black...i've got a long road ahead of me though.tiffanie's last blog post..personal finance challenge

By: Mrs. Micah

Mrs. Micah — Tue, 15 Jul 2008 20:40:44 +0000

I agree with the feeling. I can tell myself that even as a highschool student I was able to save at least $1000/year (same in college, I think). And while I wasn’t paying rent, I was also earning considerably less. So $10,000 doesn’t seem bad at all.

In debt though. Bleh. But I try to tell myself it’s like savings. Only there isn’t that nice increasing number in my bank account to make me feel good about it. Less bad just isn’t the same.

By: Hadias

Hadias — Tue, 15 Jul 2008 18:34:13 +0000

Good for you Kacie. You and your husband are preparing a great financial foudation for your child(ren). Keep up the good work.Hadias's last blog post..Menu Plan Monday

By: Christi D.

Christi D. — Tue, 15 Jul 2008 18:31:20 +0000

Congrats on the savings! It DOES feel different:) We are still building ours. It’s inspiring to see others reaching financial goals. I know it took some discipline and sacrifice.

By: Joanna

Joanna — Tue, 15 Jul 2008 18:18:19 +0000

Congrats on getting so close to your saving goal! You guys have done a great job. When we saved up a $10,000 down payment on our house, I felt the same way. Shows what you can do if you’re all-out committed to it.

By: Ginkgo100

Ginkgo100 — Tue, 15 Jul 2008 18:02:29 +0000

Congratulations on swinging the pendulum!I know what you mean when you talk about how onerous debt feels. I named all our debts after infamous villains. They feel like villains, and naming them makes it easier to get motivated to attack them.When we have finally beaten all our debt villains, I wonder if I should start naming our savings and other assets? I think I will name them after things that multiply, like "Rabbits" and "Tribbles."Ginkgo100's last blog post..Just say no to credit cards