The Post Where I Eat an Entire Package of Skinny Feels: Celebrating Debt Milestones

skinny feels

Nothing tastes as good as skinny feels.

Hmmm. Really??

How about, “No shiny crap looks as good as control feels.”

I’m talking about the sense of control you feel when you, and you alone, decide how you spend the limited time you have left on this earth. That’s one of my life goals.

As of yesterday, I have paid off a tad over half of my credit card debt. Last year, my credit card debt was at an all time high of $30,340. My current balance is now $15,000.00!  Yes, this credit card is half-dead and running for it’s life.

gazelle chasing cheetah

Ha! Resistance is futile, you evil little card.

After some fits and starts last year (i.e. losing my job and being unemployed for 3-4 months, and later  after getting a new job in another state, moving into my current overpriced apartment  out of desperation), I’m finally back on track with my debt paydown.

I haven’t decided what, if anything, I’ll do to celebrate this midway milestone.

I know that in 8 months or so when this infernal credit card is finally paid off  IN FULL,  I am going to celebrate by doing the one thing I haven’t been able to justify doing in the past 10 years. I’m going to take an international trip!

Most Americans have small to medium debt loads (excluding mortgage) that can be paid off in 2-3 years of “Gazelle Intensity”. Sacrificing our wants for 2-3 years is not fun, by very doable.

freedom-from-debt

For those of us with massive debt ($100,000 +), the challenge becomes learning how to delay gratification without delaying life.

We can’t delay life for 10 years. I’m talking to those of us in our mid-30s and up. I’m 39. I can’t afford to delay life for another 10 years while I tackle this student loan debt and save for retirement. That’s a deferred life plan. I regret not using my passport for a decade. The reason was entirely financial. I’ve had too much debt, and not enough money for a long time.  I still have too much debt and not enough money, but while debt payoff is important, I’ve realized that living life is also important.  I’m learning the meaning of “balance”.

trial-balance

Minimalism is teaching me to identify the top things I value the most and to put my energy in those places. For me, travel is one of those things.  While travel is absolutely fun and fruitful at every stage of life, there are some things you can get away with, and some venues that are open to you only when you are younger (in your twenties and to a lesser extent into your thirties). I want to travel now and I want to keep traveling.

For those of you who are also deep in debt and a little ‘less young’, it is important that you plan and celebrate debt milestones by doing those precious few things that you value the most, whatever they may be.

I’ll save up and pay for my trip up front in cash of course. That almost goes without saying.  I’m about 70% decided on where I want to go, but I have a list of places I’ve been wanting to see for the past 10 years, so my first destination is not certain. However, wherever I land, it will be someplace awesome.

singapre

And you know what? They are right. Skinny Feels are freaking delicious!

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“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW)

Workplace Departures and Fear for the Future

cubicle woman

Last week at work I got a cryptic summons from my manager to meet her in her office. “Should I bring my laptop?”, I ask. “No”, she replied. I’m immediately worried, because that’s how I respond now when I’m asked to meet with a manager without knowing why.

I walked in and greeted her, standing at her desk. With barely a smile, she asked me to take a seat. Very unusual. Now I’m really worried. What did I do wrong? Have I been working from home too often? Have I already not met expectations? Has someone complained about my work? Am I getting fired?!

“I want you to know”, she began with a serious demeanor. I’ve stopped breathing by now because I know whatever is coming next will not be good. “…that I’m leaving X (Corporation)…”

“Ohhh nooo”, I whisper as my hands cover my mouth.  My eyes are wide with shock.  This can’t be happening.

fear

My manager, I’ll call her “Suzy”, has been AWESOME to work for. She is sweet and fun and has never micromanaged me. Unlike my last job, Suzy has always treated me like an adult and given me space to do my job, even when that was scary for me. Suzy has also been at the company for several years, longer than almost everyone in my department. As such she has been an indispensable source of information and help for me. On several occasions I’ve thought to myself, ‘I’m so glad that Suzy is here’. Even though we are roughly the same age, she is who I want to be when I grow up. Suzy is one of those people that just has it all together. Now she’s leaving.

empty office

I’m still like a newborn Giraffe trying to walk, and now the person who I’ve been leaning on these past months since I started this new job is leaving. I work at a satellite office. Suzy and I are the only two people who do what we do in this office. Now I will be the only one. I will now report directly to Suzy’s manager who works at Headquarters in another state. Suzy’s manager, while pleasant enough, is quite intimidating and has very high expectations of me that I don’t think are even possible to meet. To me it feels like Suzy has shielded me from her manager’s gaze, but no more.

fear  marcand angel

I don’t know what the future holds for me.  I don’t know how long i’ll last at this company. I know its the fear and uncertainty talking. I’ve just had a history of manager’s hiring me and then leaving (e.g. getting promoted, getting a great job offer somewhere else) before I feel ready to be on my own. Maybe I have the workplace equivalent of abandonment issues.  I know that workplaces are dynamic and that people move and transfer but this is too often to be chance.

This is also the highest paying job I’ve ever had in my life, so I don’t want to screw things up and lose it for obvious (debt repayment) reasons. Arghh! Why do things have to change so often?

Have I mentioned yet in this post how much I hate debt. If I were financially independent, this post would have an entirely different tone.  Debt makes you see everything through a lens of risk and fear instead of opportunity.

Here’s to the future and facing the unknown…

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“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW)

Living Alone vs. Having Roommates: Health vs. Money?

credit - crashdwell dot com blog

Apartment Fever and Taking My Own Advice

For the past week I’ve had a fever — apartment fever. I experienced some irritations caused by my roommate that led me to start thinking about getting my own place again.

I needed to re-read my own past blog posts to remember my motivation for staying out of debt. I was slipping back into my old mindset, wanting a posh apartment even with a ton of debt and not enough money to furnish the place.

For now, the fever has passed. I’d like to have all my credit card debt gone and be under six figures of student loan debt before I even consider this again, but life has a way of throwing curveballs.

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microapt

My Reasons for Living Alone

I would LOVE to live in a tiny, clean, modern, micro-apartment like the one shown above. They don’t exist where I live yet, but here is to dreaming.

1. Health – As I discussed in one of my early posts, I’m a very introverted and private person, so I was very unhappy to say the least when my debt forced me to give up the one thing that cherished above all material possessions – my privacy.  My old apartment was my oasis to recharge from a world that was stressful, and at times, overwhelming. I could come home, shut the door and truly relax. Not living alone makes relaxation difficult, and is a source of low-level chronic stress. I’m tense pretty much all the time.

AP-STRESSING-OVER-DEBTcredit: nbcnews.com

It’s hard to completely relax when you don’t know who/what you’ll find when you open the door to your place or when you don’t have control over who comes through your door. I’ve noticed that I don’t cook much at all when I live with others. I start to rely on restaurants and prepared food. People with anxiety will understand what I’m talking about. I’ve noticed that my health has deteriorated over the past year, in part because of my poor diet. My recent physical shows borderline high blood pressure for the first time ever and a sky high cholesterol along with a few other conditions that I won’t get into here. For my mental and physical health, I need to have my own place.

2. Minimalist aesthetics  – As an aspirant of minimalism, I like clean lines and clear surfaces. My current roommate, although a nice guy, is messy, OCD, and a hoarder in training. I’m not being mean. It’s a fact. He will admit this to you himself. He admitted it to me AFTER I signed a lease and moved in. So yeah, every square inch of every counter in this place has to be covered in crap. He can’t have one of something; he has to have five of them. For example, on his side of the bathroom sink he has five crusty bottles of handsoap, two big bottles of mouthwash, 3 tubes of toothpaste… you get the idea. Every square inch, covered. His room is so full of crap that it has spilled out into the common area. I’ll spare you all the other details, but let’s just say that as a minimalist, it is irritating and mildly stressful to say the least, that I have to be surrounded by this all the time. 

3. Privacy  – I live an an apartment building that is poorly designed. One example of this is that all the meters, circuit breaker, etc. are all located inside MY BEDROOM. Why?! Who designed that?! So whenever some fuse blows or they need to check the water meter, I have men clomping around inside my bedroom  while my roommate sleeps through everything in his room with privacy. That may not bother you, but my bedroom is a private space to me. Just this past week we had a water meter inspection in our building. At first I didn’t even know it was happening because, again, my roommate is such a junky OCD packrat, that I didn’t see the notice among all the other crap piled all over the counters. I happened to look at the notice right before they showed up.

I started working at my computer, when the doorbell rang. It was a the monitor guys. I let the first one in and he announces to the other one who is still in the hallway, that the monitor is ‘in here’ and proceeds to go straight into my bedroom! I follow the second guy back to my room and sit at my computer while they access the water monitor which turns out to be in my closet! The first guy asks if he can remove a couple of things, and I say sure. Next thing I know, he is grabbing armfuls of clothes off the bar and tossing them on my bed. He continues to  pull out half the contents of my closet – laundry bag included. Sigh. It’s a good thing my closet was tidy.

After a while of going into our kitchen and bathroom to turn the water on and off, they finish and leave, but it was just awkward. They didn’t put any of my stuff back.  I should have made them. I guess what really bothered me about it is that my apartment is junky and messy because of my roommate,  but they were only seeing my face so I felt embarrassed that they were judging me for the apartment being like this.  Yes, I tried keeping the place neat and clean when I first moved in, but quickly learned that it was a losing battle. I’m not his mother and will not clean up after another adult. It is one reason of several that I will be moving out when my lease is up.

4. Freedom  – Freedom to do what I want, when I want, however I want.  ‘Nuff said.

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talking_to_roommates_about_money

How you want to feel living with roommates…

.vs.

angry baby

 

How you actually feel living with roommates…

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My Reasons to Have Roommate(s)

1. Saving money $$$ – Let’s get right to it to the dollar bills. I live in one of the most expensive housing markets in the country. Yes Caroline, “the rent is too damn high!” If Jimmy McMillan ran for office out here, he might actually win.   After exhaustive searches, I’ve realized that I’m priced out of the studio/1-bed rental market; at least for nice (not luxury) apartments that are also in safe neighborhoods. By moving in with roommates elsewhere in the area, I could potentially save $400-800 per month that would go to debt and/or retirement savings.  If I didn’t have any debt, I could afford to have my own place, save for retirement, and still have a little money for fun. But alas, that will not be my life for the foreseeable future.

2. Safety – Related to #1 above, in my fever induced search, the only apartments I could afford  were in not-so-safe neighborhoods. In online tenant reviews of some of these complexes, female prospective tenants are warned not to walk about these areas at night alone. Ummm, no thanks. My physical safety is too important. By pooling money with others, I can live in safer areas.

3. Companionship  – Even if my roommate(s) and I aren’t BFFs, it would prevent me from being totally isolated, as I have been slow to make friends here. I have eternal hope that I’ll find some people that I click with and have something in common with. That would be awesome and fun. Here’s to hope.

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money worry

Even though it is affecting my mental and physical health, I’ll just have to find a way to deal with my anxiety and stress for a while longer, until I can get more debt paid down.  Are any of you living with roommates not by choice? Bring it up in the comments.

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“Debtor’s prison is real, and opportunity cost is a bitch.” (DDSW)