Saturday, November 28, 2009

Black Friday

I think I failed at Buy Nothing Day. Not only did I purchase three shirts and a pair of socks (one of my largest purchases this year in terms of number of items), I also bought a $12,000 CD.

At least I didn't end up "doing" Black Friday this year. I was a reluctant first-time participant last year, and NEVER AGAIN. I still have flashbacks whenever I go into a big box store.

My next goal is to actually figure out what to do with my taxable savings. This is way overdue--I think I was already holding too much cash at this time last year. I have about $46,000 in cash (savings accounts and CDs). I keep hanging onto it with the half-assed idea that I might buy real estate sometime soon. There is that nice first-time buyer tax credit, but in reality even in the best-case scenario it would take me 5-7 years to break even on a real-estate purchase, and at 28 I don't think my life situation is stable enough to tie up my money like that for so long. What if I get fed up with my job and quit? What if we decide we really want to live in a small town? What if DH and I break up (hideous idea, but possible)? Since I left my parents' house, the longest I've lived in one apartment was 2 1/2 years, and given the living situation that was 1 1/2 years too long. Maybe if we can more or less happily manage four or five years in this place it'll be time to start thinking about buying.

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