A Compromise Between Myself and Myself. link to this post
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So I've decided. Sort of. :) I'm a victim of my own "mental accounting" issues as It's Just Money describes here. I have fell victim to myself...I feel comfortable knowing that I have money locked away just in case. Just in case of what? My possible but very unlikely house purchase within a year? My possible decision to invest a large amount of money in stocks? Maybe the economy will collapse and suddenly having "cash" will be a good thing. I should change my blog name to Financial Crazies. Thanks to readers, who voted 7 to 4 in favor of paying off my loan, I've decided what I'm going to do in regards to my car loan. I'm going to pay off at least half. I'm still not sure if I want to pay off the whole loan. Hopefully my loan payment will be reflected by my next net worth update.
So I've decided. Sort of. :) I'm a victim of my own "mental accounting" issues as It's Just Money describes here. I have fell victim to myself...I feel comfortable knowing that I have money locked away just in case. Just in case of what? My possible but very unlikely house purchase within a year? My possible decision to invest a large amount of money in stocks? Maybe the economy will collapse and suddenly having "cash" will be a good thing. I should change my blog name to Financial Crazies. Thanks to readers, who voted 7 to 4 in favor of paying off my loan, I've decided what I'm going to do in regards to my car loan. I'm going to pay off at least half. I'm still not sure if I want to pay off the whole loan. Hopefully my loan payment will be reflected by my next net worth update.
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posted by freedumb @ 3/13/2006 09:23:00 AM
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1 Comments:
I like the idea. In fact, I almost decided to do exactly the same thing. I've updated my situation. I'm going to try to use 0% balance transfer money to float free money instead of 5.64% money.
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