Comments on: Wish, Want and Other Temptations http://blog.canadian-dream-free-at-45.com/2008/06/24/wish-want-and-other-temptations/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: telly http://blog.canadian-dream-free-at-45.com/2008/06/24/wish-want-and-other-temptations/comment-page-1/#comment-6004 telly Tue, 24 Jun 2008 16:48:28 +0000 http://blog.canadian-dream-free-at-45.com/?p=452#comment-6004 Ugh...I have the cottage bug myself...really bad. I keep justifying it by saying that if the house and cottage, including mortgage, taxes, insurance still only require 25% of our gross income it's ok. But is it really? We're going to wait at least a year to see how we feel come winter when the temptation is less. For now, we're putting the money we would be spending on the cottage mortgage & taxes into a high interest savings account to use as a down payment if it comes to fruition. Most importantly, it'll help us understand how well we can handle (or hate) the payment. Delaying is the best way to avoid temptation. Ugh…I have the cottage bug myself…really bad. I keep justifying it by saying that if the house and cottage, including mortgage, taxes, insurance still only require 25% of our gross income it’s ok. But is it really? We’re going to wait at least a year to see how we feel come winter when the temptation is less.

For now, we’re putting the money we would be spending on the cottage mortgage & taxes into a high interest savings account to use as a down payment if it comes to fruition. Most importantly, it’ll help us understand how well we can handle (or hate) the payment.

Delaying is the best way to avoid temptation.

]]> By: Silicon Prairie http://blog.canadian-dream-free-at-45.com/2008/06/24/wish-want-and-other-temptations/comment-page-1/#comment-5999 Silicon Prairie Tue, 24 Jun 2008 14:17:53 +0000 http://blog.canadian-dream-free-at-45.com/?p=452#comment-5999 Want something else more. Then change the way you think about spending - you're not getting x, you're getting less of something you want more. Want something else more. Then change the way you think about spending – you’re not getting x, you’re getting less of something you want more.

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