Author Topic: Have you ever tried stopping tracking your spending? What happened?  (Read 3111 times)

Tabaxus

  • Bristles
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Re: Have you ever tried stopping tracking your spending? What happened?
« Reply #50 on: February 04, 2018, 11:04:39 AM »
I used to track when I was paying off my student loans and saving for a house downpayment.  Now that I'm in my house and have my loans paid off, I've stopped tracking... and it shows.  I've had serious, serious lifestyle inflation without even really noticing it.  A lot of it is fixed expenses (many incurred in connection with the house), and yeah, living in this house instead of an apartment is worth working a couple of extra years in my mind (plus, we bought the house thinking we would have a kid on the way in the not-too-distant future, an that ended up being true; kid is now due in a month, so we would have had to move out of our one-bedroom apartment and into a two-bedroom apartment within a year or two anyway--certainly could've stayed in the old apartment for another two years if we had wanted to, but so it goes).

I keep thinking that I should get back on the tracking treadmill, but at the end of the day, I might be able to find a couple thousand of savings.  My gross is $400k; I saved significantly in excess of $100k last year even with a one-time car payment and one-time funeral expenses; so I don't think I could squeeze out a material amount of savings without cutting things that, while definitely not necessities, are things that make our life more enjoyable.  They're things we could and would cut in the event I take a meaningful step down in employment--but if that were to occur, we'd probably also work on selling the house (which is not a McMansion by any means--it's an 1,850 sq. ft. townhouse, but it's a mile away from downtown in a major metropolitan area, so it's definitely not cheap), which is where the real savings would come from.