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does everyone feel this

November 3rd, 2019 at 10:22 pm

We as savers carefully watch as our balances grow like a plant. Once in awhile something comes up and we need to spend some of our money.
In my case it is a long overdue furnace upgrade in house #1. In general it is a good thing and actually will be some what of an investment as it will be something I would have had to do if i was going to sell.

Not sure we will but the idea has been discussed.

i ended up taking some funds out of 2 accounts.
I simply hate the feeling of looking at the dropped balances.
I am freaking out about trying to get the balances back up and how long it will take.
i honestly do not think i have as much anxiety if i had charged it on a card instead. I somehow find it more comforting to watch a balance on card fall then how slowly accounts seem to build. i am down 5k.

In my head it all makes sense pay with cash funds... no interest etc ...........but i HATE spending an account that took almost a year to get to that point.
On the good news front after getting a letter saying my payment on house one could change due to escrow amounts i find out today it went down 39.23 a month and our car insurance also went down about $5.00 per month. i am trying to be positive that i can recoup my savings with the $44 extra helping.

Posted in Personal Finance, Saving Money | 7 Comments »

7 Responses to “does everyone feel this”

  1. Amber Says:
    November 3rd, 2019 at 11:40 pm 1572824416
    1572824416

    I understand fully, I got hit with an unexpected legal expense in June/July and it killed my savings. But I was glad I had the money. It’s taken a minute for me to rebuild but I’m getting there, you’ll be able to do the same.

  2. Smallsteps Says:
    November 4th, 2019 at 12:31 am 1572827498
    1572827498

    Thank you Amber it is just so frustrating...
    at my current savings rate it will take 30/31 weeks to be back to pre-furnace that seems like a long long time right now. It makes it harder that i really dislike my current job.
    It is a temp gig set to be over in July but I will feel forced to stay since this place pays better then all other placements i have had. That will make it even worse as i have worked at jobs i felt forced to keep and it is soul crushing.

  3. CB in the City Says:
    November 4th, 2019 at 12:26 pm 1572870385
    1572870385

    I totally understand, but be glad the money was there. Putting it on a card would have been so much more expensive, and more stressful in the long run.

  4. crazyliblady Says:
    November 4th, 2019 at 10:04 pm 1572905045
    1572905045

    Yes, it is difficult to watch those savings balances fall, but think about the last time you had a high balance on a credit card and could not pay it off quickly, like within 6 months. As difficult as it is to watch savings balances fall, it is more frustrating to me to pay on credit cards and then, because of the interest, the balance goes back up the next month if you don't pay it off in full.

  5. rob62521 Says:
    November 4th, 2019 at 10:26 pm 1572906399
    1572906399

    I always feel guilty spending money I've saved, even if it was saved for that purpose. For example, when wanted and needed a new roof, we had saved the money, but it was a bear writing that check to pay for it.

  6. GoodLiving Says:
    November 5th, 2019 at 08:43 pm 1572986623
    1572986623

    We pulled a lot of money out of our emergency fund to buy a new place, our old home is closing in about a month but we are also going to have to pay capital gain taxes. We also delayed some expenses so it's a pain to see the emergency fund go down but that's what it's there for and really I know my life could be so much worse. I just takes some adjustment to the change.

  7. disneysteve Says:
    November 6th, 2019 at 01:49 am 1573004964
    1573004964

    I totally get that. When you are a saver, it is very hard to spend, even when you've been saving specifically for a purpose. I'm probably going to be in the market for a car in the next year or two and it already bothers me to think about pulling 20K out of savings to pay for it even though we've been putting it away for just that very reason.

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