We are working on small goals this month, with big things on the horizon for us.
1. Add $1,000 to savings
2. Pay off our insurance bill completely ($500)
3. Enjoy Thanksgiving and our first vacation in over 3 years!
We are headed to Disney at the end of the month and cannot wait to see the Christmas decorations in Disney. PoniesandFIREjr does not know yet, we plan to wake him up the morning we are leaving and surprise him then.
Why are we doing a vacation when we still have debt? Well, for starters, several years ago, we agreed our next Disney vacation would be when the mortgage was under $130k. We hit that last month!
Secondly, it is paid for. We have paid it off already, we have spending money set aside and will bring zero debt home with us.
We certainly could have used the funds we spent on this to pay down our truck, but it only would have changed our pay off date by a few months and we plan to kill the truck loan by spring, either way.
I am trying to embrace a little more balance in our lives, as I tend to get crazy intense on the finances. I’m sure Dave Ramsey and some of the FIRE community would disagree with our choice to do a vacation like this now, but honestly, they don’t live in my house. Personal finance is personal and at the end of the day, my husband and I are the ones that have to live with our choices.
That being said, we have already agreed that our next big vacation won’t be until we are 100% debt free, house included. I expect we will come home from this vacation fired up to get killing our debt, if only for the promise of another guilt free vacation.