I’m not going to be able to make my $2000 line of credit goal this month, and the reason is a little bit embarassing.
I’m going on vacation.
No, I didn’t get sucked into a last minute group trip or decide that “I’ve earned it” or anything of that nature, the trip has actually been planned for quite some time. Right around the time I paid off my debt last April, friends of mine got engaged. They decided rather than having a big hoopla at home, they wanted to have a much smaller wedding on a beach in Hawaii. By smaller, we’re talking a total of 10 people (bride and groom included). The Boy and I were two of the people invited. We started looking into flights and accomodations last summer, and paid cash up front for them back in June. This is my first time going to Hawaii, and from what I’ve researched and been told it’s not a cheap place to vacation. The Boy and I had originally planned to go all out, but when we started adding up the costs we realized exactly how much money we were talking about. Larger ticket items like a helicopter tour around the island were scrapped in favour of our must do list items: learning to surf for me, and a round of golf for The Boy, among other things.
We’ve done up a couple spreadsheets, and estimate that our remaining expenses for the trip will come out around $1000 per person. I have part of the money saved up already, and the plan was to divert all of my extra money towards saving for the rest of the trip after reaching my $2000 line of credit goal.
The Boy has been watching the currency rates for the last little while, and he told me the other day that he’s already pulled out the money for the trip. $1000 American is going to cost me $980 Canadian, which is great, but it means I need to have that money ready for him earlier than I anticipated needing it. It’s going to be diverting about $600 away from my repayment goal.
The cost of diverting that money for a month is only about $4 in interest, which isn’t a lot, but that’s beside the point. It’s just incredibly embarassing to admit that I’m not going to make my debt repayment goal this month because my vacation is taking priority. I feel like I belong on Princess. Oh geez, I can just imagine what Gail would have to say about this.
Had I been treating my line of credit like an actual car loan when I bought my car in November, the current balance on it would still be somewhere in the vicinity of $8800, so I shouldn’t be too hard on myself. That being said, no one ever said paying off debt was easy. Seriously though, I want this debt gone now.
I should start rounding up my tax paperwork.
What is the worst thing you’ve ever diverted money from debt repayment for?
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