So we’ve been out of debt for like a week and already I’m feeling the urge to spend all that “extra” money we now have. Not good.
I’m surprised at myself. Normally, I don’t like spending money. But over the past few days, I’ve been fantasizing about all the nice things crap we can now afford.
It’s almost all frivolous stuff — and stuff I don’t even think I actually want. It’s just stuff I know we can buy.
I’m annoyed at myself, because I want to reduce the amount of stuff we have lying around in our apartment, not add to the clutter.
And yet, this money is really burning a hole in my pocket.
Shane and I would like to have the money to buy a house next year if we wanted to. That means saving at least $15,000 more than what we have right now.
If we want to save that kind of cash, then I need to stop this nonsense.
Maybe it would be a good idea to budget for these frivolous things. Some people call this their “blow money” within their budget. The nice thing about it is that it gives you permission to spend, while still putting a limit on how much you blow.
You can keep up with your savings goals without feeling totally deprived this way.
Another thing I’m doing is I’m keeping a list of all the things I might want to buy. The more expensive the item, the longer I should wait to buy it. If a few weeks pass, I might find that I no longer want it.
Money — spent or saved — can trigger an emotional reponse in us. It’s important that we stay in control of our emotions (and money!).