Tuesday, January 4, 2011

Resolution 4: Save enough to hurt a little

The fourth of my eleven New Year's Resolutions is to save enough to hurt a little.

We've got some pretty audacious goals and while we're able to pay all of our bills and meet our savings goals with no problems, I'd like to get back to the point of saving until I'm a little uncomfortable -- of sacrificing, if you like. This is hard to quantify, partly because it'll depend a lot on Peanut's freelance income. We can live off of mine and save his, but could we live off of mine, save some of mine, and save all of his? What would that look like?

Here are some steps that will help accomplish this:
  • For every purchase, ask "do I want this item or do I want to be rid of those student loans?" If possible, transfer the cost of that product to our student loans fund. 
  • Look for snowflake opportunities and transfer that money twice a month to the student loans fund. 

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