One of the things I am struggling with right now is our basement. Technically, we don't owe any money on our basement, so it's not really a debt, but it might as well be. Let me explain...
See we bought this house with the intention of adding two bedrooms in the basement. So until that is done, we have no guest room and our girls have to share. Is it an essential thing? Yes it is as far as we are concerned. We have a lot of family that has to travel to visit us and it is really important to us that our girls have their own space.
So what do we do? We have debts we want to pay off and in the middle of it, this looming basement project. So we simply treat it like a debt. We decided to figure up the amount of money we need to finish their rooms and are working to save that up before moving on to the next debt in our snowball. I have to fight the urge to feel guilty about spending money on something that could easily be classified as a "want" instead of a "need", but we put ourselves in this bed when we bought the house so now we have to sleep in it.
These are the kind of things that you will find yourself struggling with as you work your way out of debt. Sure you will make some mistakes along the way but you have to remember that 12 steps forward and 11 steps back is still one step in the right direction. I really wish I had handled my money better when I was younger and not had to go through all this but I can't change that. I can't go to an online printing site and print out money. I can only make good decisions from here on out and know that ultimately we will be far better off financially.
No comments:
Post a Comment