I have had a series of highly geeky musings in the works for over a month now that I’ve obviously neither completed nor published yet, and I’ve had several other “bloggable” thoughts (or rants) in my mind that, for whatever reason, I never firmed up. I hope to get to those eventually, but for now I offer you this musing for the simple fact that I’ve gone far too long without posting anything at aMMusing.
I don’t like to admit it but I have to: I’ve pressed the Pause button on my life.
That statement sounds depressing, doesn’t it? Yet strangely enough, it isn’t …at least not for me. When I think to how I felt two years ago, I can assert that I’m perfectly fine. Back then, I couldn’t even stand myself; I felt like I wanted to escape by crawling out of my own skin. But three unrelated and quite trivial events that occurred in the last few days have brought the phrase “Life on Hold” to my mind as a “bloggable” topic.
First, I was sitting having a coffee in a park in the Village a few nights ago when this guy, also named Maurice and also born in ’65, sat in front of me to see if I recognized him. I did. We had — or actually, he had — struck up a conversation with me about a month ago. Some things he said back then made me not like him very much, so when that happens, I find it difficult to sustain a conversation with that person afterwards. Clearly having forgotten that he had already posed me the question, he asked me the other day if I was “with someone.” When I repeated my answer that I wasn’t, he asked me for how long I have been by myself. And that’s when it hit me like that proverbial ton of bricks: it will be four years soon! It doesn’t seem that long ago, yet the facts and the calendar can’t lie. At the same time, NowEx does seem like a distant memory but a memory nonetheless: just last night, I had another nightmare in which he featured.
Second, last Thursday evening, I discovered that my bank unceremoniously lowered the rate on its so-called “high-interest” savings account from 1.2% to 1.1%. It’s not a really big deal, except that now I can claim that the bank gives me less than a quarter of what it takes from me in interest on my line of credit. I then figured out that, based on my projections, this tiny 0.1% decrease could represent between 50 to 60 dollars less in incoming interest by the end of 2016 (although I wouldn’t really have the balance being projected since I intend to spend some of it along the way, except it illustrates well the difference ten basis points can make on compound interest). Peanuts, really, but this calculation made me realize the futility of continuing to save as I have — at least for the next few months — while I’m still carrying some debt even if it’s now well below 5K or nearly 85% less than my total reimbursement of so-called consumer debt since Thanksgiving 2011.
Third — and certainly the most trivial — I finally got around to submitting my first reimbursement claim at work for my Internet connection, to which I’m entitled since I work exclusively from home. I’ve said it before: I’m my own worst advocate when it comes to money; I didn’t even submit a claim for my hotel room and train ticket to Toronto in 2009 even though the trip was entirely work-related. So, upon receiving my first reimbursement on the same day I got confirmation that I’m receiving less interest on my savings account, I fired up my uber-complicated but highly effective budgeting spreadsheet and spent hours rejigging it because 50 bucks a month represents more than two years’ worth of power bills …or a very decent dinner out, or a few bottles of non-plonk wine, or a tank of gas, or …well, you get the picture.
As I was doing that — slowly, methodically, yet realizing no sane person would spend as many hours as I have on this thing — I kept hearing one thought in my mind: “Life on hold, life on hold…” Ever since I reconstructed my spreadsheet in late-October and especially after my net debt finally fell to a mere four-digit figure in mid-December, I seem to have declared 2013 as my “last year of sacrifices.” A few months ago I complained that I might be pushing myself too hard on that front, but it seems that I just can’t stop myself. I don’t remember a moment in my adult life when I had no debt AND a realistic hope of staying bad-debt-free, so with that target only four-and-a-half or five months away, I’ve chosen to cut out anything that is absolutely not necessary so that, for the first time in seven years, every cent of my year-end bonus will be all mine and not going right back to the bank.
I’ve developed the discipline of putting aside at least one out of every four dollars I take home without even breaking a sweat! When I first started cleaning up my act nearly two years ago, I knew that my whole budget was a best-case scenario but I told myself that any unlucky break would merely push the target a little bit further. But the bad strokes of luck that did fall onto my path were met with some lucky strikes of almost equal magnitude, so, in my mind, with the target so close, what’s a few more months of austerity if I can gently coast to it? The fact the target is a full four to five months SOONER that my best-case scenario of October 2011 is only egging me on.
Therefore, air-conditioning for the apartment this summer? Forget it; I’ll suffer a bit for one last summer. A nice trip overseas or even to the bloody USA? No, not yet. Finally getting decent furniture? Next year, and that’ll be cash, thank you very much. If I can’t pay for it right then and there or within four to six weeks, it ain’t happening. But, starting in July, I will be using a budget line I haven’t used yet, namely having someone come in to clean my dump once every two weeks. And because I find having only three weeks’ vacation per year isn’t enough, I’ll start buying myself an extra week’s vacation starting in 2014 because I believe my sanity depends on it.
So truth be told, I met the line “life on hold” with a kind of ambivalence when it kept echoing in my mind this weekend. On the one hand, it’s rather pathetic that I should be doing so little these days and I wonder if it’s a mistake to defer living as I am right now. But, on the other hand, the prospect of living well and travelling as so many of my friends and family are able to do, all within my means, is just too damn enticing.