Knowing that I covet electronic gadgets you would think the iPad is in my sights. Not really as I’ve never been an Apple person. My MP3 player is a Zune and I am a PC (actually we have three PCs). My phone and netbook can do all that the iPad does and even multi-task.
That works out because I’m going on a spending hiatus for the rest of 2010. Obviously we have to spend some money, but no big ticket items (nothing over $50) unless it is to replace or repair an unusable existing item. The only exceptions are two planned vacations.
Why the hiatus? I don’t believe in total deprivation when in the debt elimination mode. My mode could be compared to the slow and steady turtle versus the intense sprints of the gazelle. But the intensity has gotten too lax the past couple of months even though I love my new acquisitions (same phone and netbook mentioned above) and use them regularly. The turtle lost its direction.
That money could have gone to reduce debt. Maybe it doesn’t make much of a difference but even one month closer to the rest of my life would have been nice.
What’s the hurry? I’m anxious to get to the point where I can focus on retirement savings, mortgage pay-off and giving. I have a ways to go thanks to credit card balances and student loans, but it’s less than 24 months.
You and this public forum are my accountability. Starting with the February monthly update spending status will be reported. Thanks for listening and helping me get back on track for the journey.
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