People have been commenting that I seem to have found a good balance between saving and spending my money. For those who have been following me for a while, I’m sure they remember when I was completely obsessed with saving every single penny … and I would hum and haw over purchasing the smallest things, even though I was making good money. I don’t regret any of that, because that was the right thing to do at that point in my life. I got myself out of debt very quickly, and was able to build up a decent RRSP portfolio. That being said, I’m not sure if I would want to go back to living that way again … but it’s nice to know that I have it in me if I wanted to.
I also think it had something to do with the kind of relationship I was in. With my ex-BF it was all about saving. We were both saving SO much money, but we didn’t DO anything. Ever. And it really affected our relationship. I wanted to go out sometimes for dinner, or go see a movie, or go do things that might cost money – and most of the time, he did not want to go. He wanted to stay home and save his money. And yeah, I saved a lot of money – but my quality of life was affected. I wasn’t happy.
With BF, we both have the same interests, and we both like going out and doing new things – but since we both have sort of the same financial goals, we’re doing it while still being responsible.
And we keep each other in check too. If something is too expensive, I know that neither of us has a problem telling the other person. And sometimes when I get out of hand (I wanted a gorgeous $200 coat, and I wouldn’t stop talking about it for like 2 weeks), he will talk me out of it. Or at least ask me if it’s necessary to buy another coat, when I bought 3 coats last year. And if he has some sort of grand scheme to buy something/make money, I might suggest something more financially responsible.
It’s a good balance. I’m certainly a lot happier, and I’m still able to save around $1,000/month. I mean, sure I could buckle down and probably save a couple hundred more, but I enjoy going out and doing things. Last year, I would have definitely forced myself to save as much as possible, but I’m happy with my current level of progress … and I’m confident that, if I ever need to save more money for something, I would be able to trim my spending without a problem, because I’ve done it before successfully. And that is a huge step.