Deny or Splurge

I am more financially secure than most of my contemporaries and yet I deny myself a lot in comparison.

I make my decisions for a reason and yet, sometimes, I feel like I am missing out.

I have lent friends, so-called friends and family money, cut them breaks or co-signed on loans because I know they are in dire or near dire financial straits. And then I see them splurge on something I consider ridiculous-  very frustrating.

But I have trouble saying no- especially to family members when they get themselves in a pickle. And that is my fault.

(Maybe I am more like my parents than I think….)

Right now, I am looking at getting a mortgage or extending my line of credit to renovate my house. My parents are moving in (long story) and some long neglected repairs have to be made. I am potentially looking at borrowing more than what my initial mortgage was.

That frightens me a little. I know I can handle the payments (and should be able to even if I lose my job) but the prospect is taking on debt that I cannot write off- especially since I am a somewhat debt-phobic- is stressing me out a little. This is a little ridiculous since there are a lot of people in the hole with consumer debt.

My logical brain knows that judicious repairs will increase the value of the house. I just have to wrap my head around being in debt again.

It has been about 13 years since I have had a mortgage so I have a lot of research to do. I was a neophyte when I bought my house 16 years ago (holy cow!) and I need to do it right this time. There is also a plethora of rebates and incentives that I should try to take advantage of…

So much to do, so little time.

The last couple days I have been coveting some shoes at John Fluevog- damn you Red Flag Deals!!

I do have a birthday coming up but a pair of shoes could get me a nice faucet.

Decisions, decisions…

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~ by angryegg on August 20, 2009.

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