Why do I make such large payments on my student loan debt? Because, for now at least, I can.
In the past month, I’ve dodged a bullet that would have raised my rent by over 50% (losing a new roommate because of discord in the house). So far the climate in the house is improving. I’m really hoping it continues.
I’ve always known, and written here, about how my cheap (for this area) rent will not last. At some point in the future, LL (landlord) will stop… landlording and we’ll all have to leave. When that happens, my rent will go up significantly as soon as I move anywhere else. So I must pay as much as I can now toward this debt, while I have this cash flow. In other words, I have to make hay while the sun shines.
It can feel like a balancing act sometimes. I want to put everything I can toward this debt, but I’ve learned enough to know that not all sacrifice is good sacrifice.
Save enough in case you live long, and spend enough in case you die young.
I heard this somewhere and it perfectly sums up what we’re all trying to do. It can be so easy to take things for granted as soon as we hit a smooth patch. Our jobs, our health can leave us at any time, as I know from first hand experience. It’s so easy to forget that; unless we get these little jolts of reality reminding us how much of our fortunate condition is…conditional.
So, if the sun is shining for you right now, get to work. Spend a little, but save a lot more. Eventually every sunny day ends and none of us knows what tomorrow will bring.