We’ve managed to save up a good amount of money in a short time, mostly because we’re still living on (almost) the same budget we had when we were aggressively paying off debt.
While we always try and be conscious of our spending , at what point do you just flat out say “We can afford this, it’s okay to spend” ?
For example, while I was ready to jump on board on switching to a cheaper cell phone plan as soon as our contracts expire next month, Eric doesn’t really want to.
He likes the service we have, we’ve never had an issue, and he uses a good amount of data to stream music. It wasn’t really worth it to him to save an extra $20-40 a month.
Another thing is cable. I would really like to cancel our service and then re-sign a new contract to take advantage of cheaper pricing. Eric doesn’t want to go through the hassle and says we can cancel when we move instead (who knows when that will be?).
When we switched to eating organic, I gave up on trying to keep our $350 monthly food budget. These days, any time I’m under $500 that’s a cause for celebration.
Granted, everyone makes sacrifices for what’s important to them. Some people willingly give up cable in exchange for a bigger clothing budget or vice versa. People like us save money everywhere else in order to afford travel.
While I still track every penny we spend, it’s more to really see where our money is going. For the most part, we are pretty much on auto-pilot when it comes to our budget. Some months we’re over, some months we’re right where we need to be.
Is it worth it to stress and agonize over every purchase? Before, our goal was to pay off our debt. Now our goal is to save for a house.
We’re still on track to hit that milestone by the end of this year, so shouldn’t we be at the point where as long as we hit those milestones, we should be happy?
You can always save more, you can always spend less—at what point are you happy with exactly what you’re doing with your finances?
Are you happy with your budget?