Monday I asked your opinion about altering our timeline on buying a second vehicle for my husband. I got quite a few responses, between the comments here on the blog and on my Facebook page. I enjoyed hearing different perspectives from you all – it was a very valuable discussion. So I thought I’d let you know what our final decision was.
We decided not to purchase the vehicle right now. We are really gaining some momentum in paying off these credit card bills, and I am afraid that putting a large chunk of money towards such a large expense (especially one that will cost additional money to maintain) will make it harder to maintain that momentum.
I also think, psychologically speaking, that being uncomfortable will make us want to get out of debt more quickly. If our lifestyle is easy and comfortable, there’s not an emotional reason to change anything. The intellectual reason is still there, but that’s harder to remember when you’re tempted to go out to eat, or buy music, or spend money on any other “extras” during the month.
We’re going to wait. Like we teach our kids, sacrificing something “good” right now can lead to having something “great” later.