Monday, September 12, 2011

Money guilt

I've been making great progress on paying off my student loans, but I still get money guilt and it's been growing lately.

Maybe it's because Christmas is coming, maybe it's because the end of the year is coming, maybe it's because I'm lusting after brown knee-high boots, but every time I think about buying something I feel like I should be putting that money towards my loans.  I'm also really close to getting another paid off, with only about $3,800 left on it and I want it gone so badly. 

September is a three-pay month for me, which is always lovely and which will mean more money on my loans.  But I'm also putting a chunk into my savings account (it's a high-interest account but since my interest rate is only 2%, it just feels wrong calling that "high interest") to help offset the expense of the holiday season.  Not only will this cover gifts, but also the baking and traveling and other expenses that pop up.  I've also already started my Christmas shopping and have ideas of what else I need to get.  Some people would say this is early.  (Okay, most people would say this is early.)  But for me and my money, I find it helps to spread the costs across a few months rather than try to afford everything in December.  Plus, it means I'm not rushing at the end so I'm not over-spending. 

See, I've got things in control...only I'm feeling really guilty.  The Beau and I were at Dixie Outlet Mall on the weekend to hit up the Michael's (this girl needed yarn!) and we decided to walk through the mall as well.  Of course I found a bunch of things I want, including lots of nice soft sweaters at the Jacob outlet.  ($17.50!  I'll take one in each colour please!)  However, I did not buy a thing.  I felt guilty.  I don't need any more soft sweaters; my closet is full.  Some of my sweaters need to be defuzzed, sure, but then they'll be good as new for another season. 

But I'm a girl who loves a deal and it's just so tempting

Without spending a dime I still felt guilty.  I guess it's because I have this money sitting in my account "just in case" that I'm not putting on my loans but that is there, encouraging me to spend.  I know I should put it all either in my "high interest" account or just move it to my debt now, but what if I need to [fill in the blank]? 

So I've got a plan.  But I'm not going to share it just yet; I need to do something else first and that won't happen until day-off Wednesday, so I'll fill you in then.  In my head it's a great idea.  It's just making it work in practice that will be the challenge.

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