Because I’ve still got some honeymoon spending to do, so I don’t want to post a lower number, only to see the negative number grow.
I listen to a lot of Dave Ramsey podcasts on the train home from work. I definitely feel like he would tell me I need to pay off my loans on an even faster timeframe than I am. I am paying for my wedding (in spite of the fact that we’re already actually married) and our honeymoon. While I think we’re being pretty frugal, we are still going on vacation for two weeks. But it’s going to be a looooong time before we’re going to be able to do this again. It’s been five years since I’ve been on an actual vacation — and I think I’m enough on the path to paying off my debt that I can reward myself a little bit.
Should I be feeling guilty about this spending? After my contract is up, should I be cutting my cable? Should I be taking the $40 I round up my mortgage, and applying that to my next student loans (even though my mortgage interest rate is actually my HIGHEST–however that’s possible). Should we stop any grabbing sushi about twice a month? Should I be bringing PB&J to work everyday? (Full disclosure: I actually love me some PB&J, as long as the right kind of jelly is involved). Should I not be contributing to my retirement, even though we’re 31 and 32, and have less than $20,000 saved collectively? Should I clear out my savings (the stuff that isn’t earmarked for something specific)?
I think it’s easy to follow simple rules, but I think everyone’s individual situation is a little different. And because I’m making actual progress on my loans and have a drive and plan to pay them off, it makes more sense for me to enjoy life a little, and to address multiple financial goals (savings, retirement) while paying off debt. I’m happy to pay off interest instead of more personal investing, but I’m not willing to turn my nose up at things like a 401k match. Does anyone else feel the same?