I have written before about our dream to go to Iceland. Everything I have sold during the last year has ended up in our piggy bank, and we had actually earned enough to buy the plane tickets for the whole family. We still needed money for the actual being in Iceland, but I figured we would easily do that when my new job starts.
Enter car repair. We borrowed money from my parents, but I really don’t like to do that. I know they can afford lending us the money, but growing up I know my parents struggled to make ends meet, and my dad took some bad loans, and so on and so forth. I know he has a plan that is to be debt free in two years, so who am I to take his money to repair the car, when we have money in the piggy bank that would cover the cost.
So yeah, we talked to the kids about economics, and told them that Iceland has to wait, and then we broke the money stash and did the adult thing and gave dad his money. Not a big deal to some, but for us, not using the travel money to travel, felt harsh. Then again, not our money, right?
We are many years from being debt free, this because of my student loan. We have decided though, to pay off what we can as quickly as possible and be as little in debt as we possibly can. I think we’ll be rid of all debt, except my student loan, in about two years, without even trying very hard, which feels quite nice. I don’t know if it’s unusual, I only have my parents to compare with, but being under 40 and practically debt free does feel like a goal I’d like to reach.
Even if it is a boring, adult decision.