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.
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. I keep saying to my husband that I don’t think we will ever buy another home. Please don’t write about the tax benefits either because when you break down the dollars you really don’t come out on top. Property taxes, maintenance, HOA fees etc- all things you pay just to get the holy interest which magically gives you a better financial life with the deduction. 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. I’ll pass.
Carrying Huge Debt
Being 6 figures in student loan debt used to be something I was ashamed to admit. As you probably guessed, now I don’t care LOL I try to live my life free of shame and while it is something I don’t enjoy, it’s a part of my life, I’ve learned an expensive lesson. I’ve seen other PF bloggers and readers ashamed to admit it but guys, it’s here, admit and accept it. It only shapes who you are if you can’t own up to the reasons why you ended up with the debt. Let that go, because Sallie surely needs her money and she isn’t letting you go. 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.
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 toothbrushes for $2.60!”
I hate this term. Being frugal=cheap and I hate cheap anything. I like to think of it as having more wisdom as it relates to my spending habits. Frugal means shopping the sale rack for clothes that no one wanted so they are now marked down. Being wise means waiting for the very coat I’ve wanted for months to go on sale. The difference is waiting to get what I want instead of waiting for everyone else to get what they want and then pick up leftovers at a bargain in the name of being frugal. Same thing with shopping for food. Being frugal means buying some cereal I don’t normally eat on sale when all I can do is get what I want and when it goes on sale great, but otherwise I get what I want.
What do I obsess 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 holy grails when it comes to money?