Author Topic: Something celebratory when reaching a major benchmark  (Read 2151 times)

MrUpwardlyMobile

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Something celebratory when reaching a major benchmark
« on: March 18, 2018, 08:42:50 PM »
Have any of you splurged on something celebratory (albeit reasonably affordable for your means) upon reaching a major benchmark or goal? Do any of you intend to splurge on something upon reaching a major life goal?

Once all of the student loans are paid, I intend to petition the country of my heritage to issue me a coat of arms. It’ll probably cost as much as another month of the accelerated student loan payment.  It’s something I’ve always wanted and have thought about for years.

K-12FI

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Re: Something celebratory when reaching a major benchmark
« Reply #1 on: March 18, 2018, 08:52:37 PM »
I paid my student loans down to the amount allowable for Teacher Forgiveness. Since then, I've splurged slightly in higher quality cuts of meat, and a few new cooking gadgets/supplies. It made for a fun 6 weeks, and I did go $150 over budget, but my savings is still growing since I have all this extra cash. Plan is to pay off my car in August as my last debt item, so even with the slight splurge I'm still on track for my goals.

DreamFIRE

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Re: Something celebratory when reaching a major benchmark
« Reply #2 on: March 18, 2018, 08:58:36 PM »

Just for minor things, like buying a new bicycle only if I put enough miles on my old one, and allowing myself a special treat if I get some project accomplished.

For for some other accomplishments such as paying off my house and reaching my first 100K, 500K, 1M, I didn't celebrate in any way. And for FIRE, I think FIRE is a big enough reward in itself.

Faramir

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Re: Something celebratory when reaching a major benchmark
« Reply #3 on: March 19, 2018, 01:24:54 AM »
We celebrate every time our investment account reaches the next $10,000 level with a family dinner out (3 of us) that costs about $70. 

Before we were directing money to investments, we'd do the same celebratory dinner every $10,000 we knocked off the mortgage balance (we were making big overpayments to reduce the mortgage before I knew enough about shares to invest in them).

anotherAlias

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Re: Something celebratory when reaching a major benchmark
« Reply #4 on: March 19, 2018, 04:06:55 AM »
Every $100k increase in net worth is celebrated with ice cream

Slow&Steady

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Re: Something celebratory when reaching a major benchmark
« Reply #5 on: March 19, 2018, 09:08:24 AM »
I plan to celebrate:

My big raise (although delayed until after maternity leave) BY paying off my student loans (2018)

Paying off my student loans BY maxing DH's Roth IRA & starting to contribute (again) to 529 plans (2018)

Maxing out DH's Roth IRA and contributing to 529 plans BY directing more money to my 401k plus beefing up some fun categories in the budget and sending a little extra to low interest debt that I don't like to see hanging around (2019)

So indirectly we will celebrate my big raise by adding more fun money to the budget (lifestyle creep that I am totally okay with), it will just be delayed by about a year and a happen after debt and savings are closer to where I want them to be.

Rosy

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Re: Something celebratory when reaching a major benchmark
« Reply #6 on: March 19, 2018, 09:43:23 AM »
I love to celebrate:) - every good fortune in our life, achievements, holidays, just plain good luck - all of it, is worthy of celebration and acknowledgment of our fortuitous circumstances.

When I paid off the last of my debt, I gave myself a month off from saving like the devil.
When I had saved enough cash for a new/used car - now driving an almost new car with all the techie bells and whistles one could possibly wish for was reward enough. I'd totally forgotten how nice it is to drive a "decent' car.
When I had enough cash for an expensive surgery saved up I was delirious with joy - it felt so good, no celebration needed and utter satisfaction that yay I did it:)
When I reach my travel bucket-list savings goal in June 2018 - taking a two-month long trip all paid for in advance will be reward enough.

I only have one last achievement left on my list, which is $50K for an extra retirement cash cushion. I'm getting close to being one third there. I plan to celebrate when I reach $20K and again as soon as I hit $25K - the halfway mark:) with a fancy dinner.
   

 

Wow, a phone plan for fifteen bucks!