Okay I was just thinking how funny it is I'm sitting feeling guilty for owing $1194 on my 0% credit card for my couch. I just paid $350 today because $230 was old couch sale and $100/month I determined each month is a bill. Yes it's a debt and it bothers me more now that ever having previously used a 0% CC. Probably because I'm blogging about it and it makes me feel like I'm cheating.
Then I sat back and questioned what the heck am I doing worrying about $844 of CC debt? I owe close to $500k between my mortgage and student loans. Can you see the disconnect? I owe close to half a million dollars and I'm sweating owing $844 on a couch?
Where is my perspective? Why am I not more worried about the mortgage and student loan? Why am I not killing myself over those two debts? I owe 2x the average mortgage of the US. I read many blogs about people complaining about their CC debt and I have mortgage more than 4x what someone owing $100k does. And I'm not frightened out of my mind?
This thought stumped and bothered me a lot. I nearly keeled over when I realized the impact of what we owe. We owe more than most people's CC debt, car loans, student loans, and mortgages combined. I think it's the fact that everyone is so focused on not having "bad" debt. That they forget that a mortgage is debt as well. That we don't own our house, we're just renting it from the bank. That we are using borrowed money to further our educations. Sure those are suppossedly good debt but it's still debt.
So anyone paying off debt will probably be crying out against my 0% CC, while cheering my enourmous mortgage as "good" debt. As necessary debt. How crazy is that?
I'm hopeful that things will get better and we'll be able to pay off our student loans before the interest ever hits. I'm saving money to maintain our home properly and our cars. I am using this blog to keep from getting "incomtitis" and adjusting our lifestyle to what our income is.
I guess I'd love to live large one day and who konws when that will be. But we're moving there one saved dollar at a time.