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01-21-2011, 07:38 PM #1Registered User
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Feeling panicky- bought a new car
It has been 2 yrs and we have paid off all of our debt except our mortgage. Our van was still in running condition but beginning to have some problems. We wanted to have a paid for vehicle for our teenage son to drive. Soooo, we went ahead and bought a used Ford Escape. We didn't trade in the van. We can afford the payments easily, but it has been so long since we have spent that kind of money (gotten into that kind of debt) that I came home and had a panic attack and then had a seizure ( I have a brain tumor/seizure disorder). Things worked out liked we planned, but I can't shake the panicky feeling of getting into debt again.
I just wish I could settle down and enjoy our "new to us" car. We will be letting our teenager drive the van when he gets his license. He will pay his own insurance as soon as he gets a job.
Being frugal has worked so well for me that I hate doing anything Un-frugal.
Thanks for listening to my whine.....Truck paid off 12/07(paid in full)
Van paid off 2/09
Orthodontist(paid in full 2/09)
Furniture paid in full 7/10
cc#1 $700 Paid In Full
cc#2 $1000 Paid In Full
cc#3 $2400 paid in full
cc#4 $6337 paid in full
cc#5 $1500 paid in full
Coupon savings: Jan 2011 $200
Feb 2011 $100
Emergency Fund $1000
Vacation Fund $1500
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01-21-2011, 08:53 PM #2Registered User
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sounds like buyers remorse.
:hug:
It'll be alright - just focus on paying it off as quickly as possible!!Don't Breed or Buy While Shelter Pets Die
married 16 yrs to my
mom to big J (15)
mom to little j (8)
Zena
Cherry Sara Knat 
Lucky Chianti Abby Alice Jasper 
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01-21-2011, 09:51 PM #3Registered User
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You could make a long-term game out of paying off your car early...make short-term goals like "I'll save 20% of our grocery budget this month and we'll put that money toward the car payment" and see how quickly the payments go down.
Best wishes!May Goals:
Only $300 for groceries this month - $206/$300
Monthly coupon/valued customer savings = $14.08
No wasted food!
Stick to budget!
Track spending DAILY
Get checkbook balanced
Save $200 toward EF: $85/$200
2012 FV Challenges: Try New Recipes Challenge: 22/52, Menu Planning Challenge: 21/52, Grocery Reduction Budget Challenge, Change Jar Challenge: $27.81 as of 1-14-12, Lose A Pound A Week Challenge: 3/48, No Wasted Food Challenge
2012 Goals
1. To pay off CC (only $917.15 left!) and never again charge more than I can pay off each month.
3.Snowball the CC and Sears card payments into hospital bill (due w/ Baby #2 via C-section in mid-January). Pay that off ASAP.4. Snowball payments into DH's student loan (as of 12/4/11 there's still $4770.84 remaining). Pay off by 12/31/12.
5. Keep our grocery budget to $300 each month.
6. Use Dave Ramsey's budget sheet and get on track with this each pay period.
7. Get and keep checkbook balanced and keep an eye (weekly if not daily) on our e-statements.
8. Get savings account up to $8,000 (incl. emergency fund)
9. Make 2 Christmas gifts per month: 0/24.
10. Get our home organized: use a receipt book, keep my coupon organizer in check, have a touch-once policy for paper (touch once and then file or toss).
11. Achieve "give or get" goal of $1500 for the board I serve on by 9/30/12.
12. Taxes filed by March 17.
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01-21-2011, 09:57 PM #4Registered User
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You are doing so well being frugal. I'm not sure what kind of interest rate you got on the loan. Sounds like you have good credit so the interest rate is probably very good.
Sit back relax and enjoy your new purchase. I'm sure you'll pay it off early!Carrie, ravenmaniac - I love my Ravens!!!!
Play Like a Raven!
Rock the Red - C-A-P-S CAPS! CAPS! CAPS!
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01-22-2011, 10:33 AM #5Registered User
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I always get sick to my stomach after we purchase a large item. If you were unfrugal, then it wouldn't be a big deal, right? It will be fine, I'm sure you did your research and got a good purchase. It's something that is needed, so it's money well spent!
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01-22-2011, 02:51 PM #6Registered User
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Enjoy the new vehicle........am sure you will be glad you bought it.
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01-22-2011, 08:32 PM #7Registered User
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Thanks for the support. It's not really buyers remorse, it's just that I have a very, very hard time making large purchases. I usually won't spend even $50 without thinking it over first.....I love the car and we can easily afford the payments. I did my research and we got a very good deal, but I have panic over spending. Ah well. I'm starting to settle down and try to enjoy it.
Truck paid off 12/07(paid in full)
Van paid off 2/09
Orthodontist(paid in full 2/09)
Furniture paid in full 7/10
cc#1 $700 Paid In Full
cc#2 $1000 Paid In Full
cc#3 $2400 paid in full
cc#4 $6337 paid in full
cc#5 $1500 paid in full
Coupon savings: Jan 2011 $200
Feb 2011 $100
Emergency Fund $1000
Vacation Fund $1500
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