There was a time when I cared about these things we tend to call holy grails of personal finance. You know, obsessing about checking your credit score, buying a home – those things that cause you to rack your brain at night if you’re one these personal finance types who cares about these things.
I stopped caring a long time ago because in the grand scheme of things they don’t affect how I sleep at night. At one time yes, but these days? No.
There was a time when I cared about how a speeding ticket would impact my car insurance rate. When pulled over I would going into a long diatribe with the officer about how this would affect my insurance rate. Those were the days. But now it doesn’t really matter as much to me. Any tickets I’ve gotten have not impacted my insurance rate as they’ve gone down for each year. I pay around $60 per month. Even during the years when I was more a speed demon than I care to share here :-) Even if it did, car insurance is just one of those I hate to deal with but can’t live without if I drive a car. Now, I’m just more careful for practical reasons like staying safe.
Credit Score/Checking My Credit Score
I used to obsess around checking my credit score. So much so that I was getting new scores every 2-3 months. Now that I use cash for everything that doesn’t matter so much any more. Now, keep in mind, I have never had a late payment EVER but I still have debt :-) It is what it is and losing sleep about it isn’t something I plan on doing again. I have a plan to pay off my consumer debt in a few months but I’ll still have student loan debt *shrug*
Buying a Home And Living The American Dream
Been there, done that and have the underwater t-shirt to show for it. Property taxes, maintenance, HOA fees etc- all things you pay just to get the mortgage interest deduction. In my mind you’re paying so much to “save on taxes”. I’m not particularly convinced at this point. I just don’t believe in the good ole American Dream which tells us that you have to buy a house in order to live it.
Carrying Huge Debt
Being ashamed of being in debt. Let that go, because your creditors need their money and they aren’t losing sleep. Like others I am working on this area of my life and don’t profess to be an expert. However, while working on getting out of debt, it isn’t something I plan to lose sleep about any time soon. I’ve learned my lesson and actively working on reducing my debts.
Coupon Clipping/Extreme Couponing
This is a waste of time for me. Time=Money and I refuse to spend hours clipping coupons to save a few cents while buying crap I don’t need again in the name of “I bought 23 tooth brushes for $2.60!” Who needs 23 tooth brushes?
What do I care about?
- Having An Emergency Fund-for obvious reasons
- Paying down debt
I don’t lose sleep over these items either but they remain priorities for the present time.
What are your financial holy grails keeping you up at night?
This article was originally published on December 8, 2011 and updated on October 10, 2013.