Hi all! We made it back to Tucson (whew!!)
Sorry for the unexpected break in blogging! I hadn’t anticipated taking any “time off” but when we were in Austin things were so crazy between family visits and holiday goodness that blogging just ended up taking a back seat. Just like last time we went on a long road trip (over the summer), I’ll have a full numbers post soon but (also like last time), I paid for gas on my debit card and many of the transactions still say $1.00-pending, so I won’t know all the full numbers for probably another day or two. But overall we ended up spending less than I’d anticipated! We didn’t spend any money eating out while in Austin and kept our gift-giving really reasonable. I’m hopeful to have a good report to give you with not too much (holiday/travel-related) money spent in the month of December.
That aside, I had a quick question I wanted to ask you guys about: what do you do with birthday money!??
My “golden” birthday is coming up in a couple days. I’ll be 31 on the 31st of December (yes, Hope’s a Christmas baby and I’m a New Year’s baby! Aren’t we special!?) ; )
Anyway, while we were in Austin I was generously gifted with birthday money from various family members and I don’t know what to do with it! In the past I’ve always used any/all birthday money on miscellaneous fun things. I might get my hair done, buy some new clothes, spring for date night, etc. This is my first birthday during which I’ve really been working hard on debt reduction and I don’t know what to do! I feel like some of the money should be put toward existing debt, but I also want to spend at least some of it on something I wouldn’t normally buy myself. In short, I’m totally torn.
I feel weird disclosing the exact amount of money that has been gifted, but we’ll say its more than $100, less than $500. Soooo, it’s not like I’ve got a grande I’m going to go out and blow on “fun stuff”, but it’s certainly enough that I could put some toward fun spending and some toward savings and/or debt reduction.
What would you do if you were gifted birthday money? Do you think 100% should go toward debt? Would that be dishonoring the gift-givers in some way, to use their money on existing debt rather than putting it toward something fun? Would it be betraying my debt-reduction mission to not put it all toward debt? Would you split it up somehow and do a little toward both (debt and fun), or maybe split it 3 ways (debt, fun, and savings)??? What would you do??