I want to save enough money to have a down payment, I really do. But many times I just don’t have the energy to put that into action. Food is my most “spendy” area – most of the time I’m too tired to cook or even go grocery shopping.
In other words, I spent $25 on dinner last night.
If you’ve read the article Every Penny Counts in the New York Times, you’ll know that those homeowners got their down payment by saving every dollar – there were certainly no $25 dinners for them. One of the buyers profiled said she’d play a game called “do I want a latte or a house? do I want an iPhone or a house?” etc, etc, and always managed to starve off the impulse purchase because she recognized the bigger goal of amassing a down payment.
I tried that last night and asked myself, “do I want a creme brulee or a house?” and while I really would like to buy (a house), I really wanted to enjoy what I could buy right now (creme brulee). Delayed gratification… gotta work on that.
P.S. It was a delicious creme brulee.