If any of you know me, you know that I absolutely LOVE to golf. I’ve been playing since I was about 12 years old and it came pretty naturally to me. Living in Michigan had its hindrances on my success though. I mean, when the weather is only warm enough for 4 months out of the year to play golf, it makes it pretty tough to get into a groove and increase your skill level. Solution? Time to move to Florida, the Sunshine State.
I had dreams of buying a membership at the local club and playing golf every day. My golf game would definitely improve if I played every day, right? There was only one problem: money. Life is expensive! Since I’ve moved to Florida, I think I can count the number of times I’ve played golf on one hand! So, hitting the golf course 5 times in 3 years….as you have probably guessed, my golf game has certainly not improved.
When my wife and I got married (about a year and a half ago), we suddenly realised how much debt we had. It was not a good feeling. Immediately, we tightened our financial belt and have had only limited amounts of fun since then.
Now don’t get me wrong, life is still fun, but it’s a different kind of fun. Rather than going to an expensive hotel as a get-away for the weekend, we’ll have a picnic on the beach. Instead of going to watch the Miami Heat play, we’ll go out and support the local softball team. And, instead of golfing every weekend, we might go to the driving range once a month. It just seems a bit dull doesn’t it?
While we continue to sacrifice and live a frugal lifestyle in order to pay off our debts, I wonder if we’re taking it too far? Are you in the process of paying off debts? What are your rules for entertainment expenses? Have you made it your goal to get out of debt as soon as possible, or are you allowing yourself a few luxuries along the way?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.