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Night-out Irresponsibilities & New Plan

April 18th, 2011 at 09:28 pm

So was out last Saturday with a friend and got very very drunk. Ended having my money and cell-phone stolen. All my own fault - for getting that drunk in the first place.

So yesterday, of course - the guilt set in - about losing the money - a week's take-home pay. Then I thought, well it could be worse, no-one died or got hurt. I realized that perhaps I view life too much in terms of dollar and cent.

My mini-breakthrough was that "money is only a some-time accompaniment of wealth".

In my mind, if you are alive - you are already wealthy. A beating heart, healthy lungs, a functioning stomach, clean air, clean water and of course food are all things that we mightn't think of as assets, but without them - we will not survive.

So I'm taking off my financial strait-jacket and am ditching my myriad savings goals etc. I am going to enjoy my life.

New Financial plan:

1. 25% of Take-home pay to Cash Savings.
2. 10% of Take-home pay to Retirement.
3. 65% everything else including F U N.

I am debt-free and intend to remain that way. But I just want to let go of my financial targets/identity for a while and just breathe. Live paycheque-to-paycheque BUT have no debt and be saving as outlined above.

Sufficient unto the day is the worry of it.

Posted in Uncategorized | 6 Comments »

6 Responses to “Night-out Irresponsibilities & New Plan”

  1. momcents Says:
    April 18th, 2011 at 09:39 pm 1303162759
    1303162759


    You realize, I hope, that most people like me will be relieved to know that your night-out irresponsibilities did NOT culminate in procreation! Have heart, we all do things stupidly at times! And FUN is a necessity.

  2. ceejay74 Says:
    April 19th, 2011 at 12:19 am 1303172376
    1303172376

    I'm so sorry to hear that. I don't care if you were drunk, it wasn't "all your fault." That thief had more than a little to do with it.

    I like your plan. I've been contemplating the same recently and realized that fun is a very important component. Plus, 35% to savings/retirement is awesome! And being/staying debt-free even more awesome!

  3. baselle Says:
    April 19th, 2011 at 03:40 am 1303184454
    1303184454

    As I always say, its a marathon, not a sprint. We always have to pick the pace balancing saving with fun, fear with greed, etc. No sense getting frugal fatigue when you are basically at the pace you want to be. Have fun!

  4. My English Castle Says:
    April 19th, 2011 at 04:24 am 1303187064
    1303187064

    This is an interesting post with some interesting comments. I think I've been too bogged down with worrying about feeling poor lately. Ceejay is right, fun is important. It doesn't trump everything, but it needs to be included.

  5. Apprentice Bliss Hunter Says:
    April 25th, 2011 at 11:48 am 1303732118
    1303732118

    Thanks folks. Hope you are feeling better soon My English Castle !!

  6. Jerry Says:
    April 29th, 2011 at 09:14 pm 1304111695
    1304111695

    I think that there is something to be said for both wisdom and fun... they are NOT mutually exclusive and the best plans lead both elements to be included! If you are making the necessary progress and have the insurance that your retirement and savings are sufficiently funded, then why not use your money for things that you enjoy?
    Jerry

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