I’m scared to part with my money. By sweating the big stuff, I no longer worry about the little things. Decisions about whether or not I should treat myself to dinner are over. But what’s not over are all those big decisions I have to make. And believe me, I’m sweating!
My decisions surrounds what I should do with my extra money. I have a healthy emergency savings account and I’d much rather earn more than 2.15% on my extra money. That’s great for a savings account, but my extra money should be earning a little extra!
If I could, I would sign up with Lending Club and earn a great rate, far outpacing the 3.5% student loans I have. But living in D.C. prevents me from doing that, so I’m left with the same three boring choices:
- Save at 2.15%
- Pay off loan, effectively earning 3.5%
- Invest at ??%
I know the smart thing to do would be to pay off part of my student loan. I could reduce my student loan debt by 25% in the blink of an eye.
But I don’t want to!
I didn’t realize I’d get so emotional about my money, but making a decision is the last thing I want to do. Why can’t I just let it sit there forever? I want to see my bank accounts grow, not get smaller!
But I know the smart thing to do is to at least pay off some of that student loan debt. While I have no problem spending it, I’m unable to feel the direct connection between paying off debt and getting wealthy, even though that’s exactly what it is.
What I would like from you is a little encouragement. Let me know that it’s ok to let go of money. Help me disconnect from it.
And as a thank for your helping me, I’m giving away $50! Cash! And I’m making it super easy:
All you have to do is leave a comment below with some words of encouragement!
Plus, I’m in a super good mood, so I’ll give you two extra ways to win!
Follow me on twitter and retweet this post using the button at the top or bottom of this post.
*Each action is worth one entry. Entries close at midnight EST on Saturday night, the 3rd and I’ll announce the winner on my Best of the Rest roundup on the 4th.