We’re pretty good at saving money for the things we need or want to do. When we have a tangible goal we can do it. But…and this may be one of the biggest confessions ever by a so-called PF blogger…when it comes to the rainy day/f-you/emergency/good old savings account, we’re pretty horrible.
You may remember a few days ago when I posted about what we did with our tax money…pay off a huge chunk of debt. Later that day one of our cars decided to give up. Uncontrollable shakes and scary dashboard lights flashing. Driving it became reminiscent to piloting a plane that was going down. So we had to take it in. The worst part? We knew this was coming. The warning signs had all been there. We chose to ignore them.
|Stupid cars. I wish I could
just teleport everywhere I
needed to go.
A combination of ignoring financial words-of-wisdom and ignoring the sheer terror that was about to fling itself onto our auto cost us upwards of $800. Honestly, it was less than I thought it would be. But that extra money had to come from somewhere. It came from our travel fund. THAT IS MY LEAST FAVORITE PLACE TO REALLOCATE MONEY FROM! But it was the only solution. So we won’t be taking a trip in the spring. We’re lucky, really. If we hadn’t had that money, we would have had to put it on the card, which would have totally defeated the purpose of paying it off.
- Don’t use all your money to pay off your debt. Save and pay off simultaneously. It make take longer to get that balance down to $0, but it changes bad habits and prevents you from having to put more on the card long-term.
- When your car gets sick, prepare yourself. It’s only a matter of time before it gives up completely.
- There are consequences to my actions. Bad financial practices=no traveling for me. Bad doesn’t even begin to describe it. My behavior reminds me of an 8-year-old brat who didn’t study because “I don’t waaannnt toooooooo….” and then bawled my eyes out when I got an F and therefore didn’t get to go to Pizza Hut. (Did anyone else’s parents have pizza night when you got good grades?)
- I need to beef up my savings account. Plain and simple. If I can’t afford to do that, I shouldn’t be traveling anyways.