Since the beginning of 2013, I’ve managed to pay down more than $1k a month on my debt repayment. And while I enjoy these chunks of repayment as much as getting the corner piece of a cake with all the delicious frosting, I’ve decided something that might not go over well with my PF friends. I’ve decided that for May and August/September, though I’m going to use 50% of that amount to pay down my debt, I’m also going to allocate the remaining half for “fun” money.
I’ll wait until people stop shaking their heads in disappointment.
I have to confess – I’m a complete pansy. And this whole spending deprivation – I’m getting kind of burnt out. I’m still sticking to my no shopping for clothes, shoes, and race fees – save for races, I actually don’t miss any of it. But I am using the money in May for some justifiable needs, but also some luxury items. I’m going to use it for contacts and possibly a new retainer (I’m Type A in wearing it every night, my grill cost me a bundle to fix so these suckers are staying straight), but also “frou-frou” skincare products, shampoo, conditioner, and some make-up. Things I use on a daily basis and will last for quite some time, but still add up to a pretty penny.
In August/September, as well, I’m going to give myself a break since some really important birthdays are around that time. B’s (so I might actually use July for this 50% break if we end up going on a trip), my mom’s 60th (don’t tell her I told you), my bro’s and sis-in-law’s birthdays (usually a nice dinner), my bff’s and her son’s (usually a dinner and a learning toy, respectively), and my grandma’s (usually a “date day” with her). This might actually end up being more than 50%, if visits to B’s fam in Washington and my mom in Arizona occur, but family’s not something I will sacrifice since I barely see them enough as it is.
I’m not changing my retirement/savings/investment allocations, but I am aware that this will probably set me back until the end of 2013 from my debt elimination goal. There is a part of me that thinks “Man, it’s only a year, suck it up, yo!”, but I am kinda vain, and my close relationships are important to me, so I’m going to budget these breaks in (and I won’t even try to justify them as non-quantifiable investments).
I was more afraid to post it than guilty of planning it, to be quite honest. But I’m okay with it.