<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > A Debt Debate...
 

A Debt Debate...

June 25th, 2010 at 11:27 am

I just thought this was interesting.

I saw this discussion a while ago:

[url]http://gracefulretirement.blogspot.com/2010/02/are-we-failing-if-we-dont-apply-all-of.html[/url]

It was in reference to the "Blogging Away Debt" blog which was featured here in the past. (Maybe still is, but haven't seen it in a while).

She wanted to delay her debt repayments to go on a very pricey trip to Europe with her family.

So, today I saw this post:

[url]http://www.bloggingawaydebt.com/2010/06/financial-waffling/[/url]

I just wanted to gag reading all the comments on the post.

The jist of it being: "You only live once - do it do it do it!"

Having been debt free (except mortgage) my entire life, I just can't take the side of said blogger. Being debt free buys you tremendous freedom and opportunity. I don't buy that putting off that freedom for a trip that "can't wait one year," makes any financial sense. A little patience means you can have your cake and eat it too. I am pretty much agreement with most of the commenters on the first blog post I linked. (& as they allude to - there is MUCH more to the story, like unsteady employment).

That said, I don't think one trip will necessarily make or break them. I don't think it's 100% black and white. These comments run extreme both ways, but not much middle ground.

IT doesn't really matter what I think. I didn't share this debate last time, because she seemed to have been beat up enough by the blogosphere. I just had to gag when I saw 20 comments cheering her on today, with no dissent.

I suppose I find it interesting how different of a mindset people can have on the same subject.

I just don't think it is so black and white. I have personally given up many expensive travel opportunities, with little regrets. I don't think any were "once in a lifetime," in nature. & it doesn't mean I have never made my passions a priority. In fact, traveling is not much of a passion of mine.

If traveling is her passion, or this is truly, "once in a lifetime," so be it. I just find myself a little skeptical. You do only live once, but it doesn't mean you should live recklessly and give in to every whim.

2 Responses to “A Debt Debate...”

  1. ceejay74 Says:

    There actually was one comment on the second post that wasn't black or white. The woman simply said it was about priorities. For her, the main priority was not to work one more minute than she had to before being able to stay at home with her kids, so an expensive trip wouldn't be as important. But for someone who really gets uplifted by travel, it could be a worthwhile expense. I was at least encouraged that she mentioned the money was already saved up for the trip.

    That's kind of my philosophy; if something is going to make us really happy, and we can pay cash for it and still put at least a little extra toward debt and into savings, I will go ahead and do it, even though I do know it's slowing my financial progress. However, I won't do something that sets us back; if we would actually lose ground or stagnate, then it's not worth it to me. Slowing my progress without stalling completely--maybe it's OK, depending on the individual situation.

  2. MonkeyMama Says:

    Oooh - interesting. I totally missed that one (I thought I had read them all). So, I found her comment. Which I identify with 100%.

    I think it's part of the reason I am having trouble relating to the rest of the comments. Having kids, nothing else is really more important, to me.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]