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Falling into a Trap

October 5th, 2021 at 09:30 pm

I feel like I'm falling into a trap. We have an emergency fund. We also have an additional $3000 saved above our emergency fund goal.

And. I. Don't. Want. To. Spend. It.

As I talked about a few posts ago, we have savings goals above and beyond our emergency fund and paying off debt. And now that we have the money, I don't want so use it. 

I got such joy this weekend out of using Amazon gift cards for our new fireplace so that I didn't need to transfer any money from savings. And then I was so happy that we sold some things to make the cash for the fireplace surround so that we wouldn't have to touch our savings.

It feels like a trap. Work hard to build you savings. Save cash money for things you want to buy. Then, cry and pout because you feel like your savings account took a hit when you do use the money.

We currently have the most money in savings that we have ever had in our married life. And it feels good! For the first time in our lives, we aren't living paycheck to paycheck and I love it! But then I feel sad and guilty when I want to use our planned savings... It feels like there is no middle ground!

I'm so glad to have money in savings! It's awesome to have an emergency fund! It's awesome to have extra savings for things we want to accomplish! But it sucks that it feels like failure when we use that savings! In my head I know it's not failure to use the money for what it was intended for, but my heart isn't on the same page.

Okay, rant over! I'm trying to look on the bright side and just be glad we actually have money saved for the first time in our lives! Money for an emergency AND money for planned spending!

4 Responses to “Falling into a Trap”

  1. crazyliblady Says:

    I know how you feel. I have emergency savings, but I also have a slush fund, which functions like a mini emergency fund. I also have sinking funds for things like professional expenses, appliance replacement, car fund, home maintenance, etc. I helps me to stay organized so that I don't dip into the emergency fund for something that is not an emergency. I am proud that are thinking like this, though. It shows that you are thinking about your expenses and how you could use your money better. Do you have any debt?

  2. LivingAlmostLarge Says:

    Oh that is me too! I am struggling with seeing the $10k property taxes I have set aside being tapped for PROPERTY TAXES. I mean right? That's what my monthly savings is supposed to be for. The responsible thing is that I put it aside and now I pay in full. But instead I look at it and I think gee that sucks. I also set aside known sink funds for $720/month but I hate spending it for car/home/life insurance and other annual expenses i Know are coming. But I know these annual expenses are coming and I "saved" it monthly.

  3. Fern Says:

    The only solution, the way I see it, is to create an even larger savings account so that when you do withdraw from it to pay for something, it feels like a more inconsequential hit.

  4. rob62521 Says:

    I totally understand what you are saying. We save for things and then I feel guilty about spending the money. But, that is why we save, right? Far better than putting it on credit. Good for you!

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