Tuesday, September 21, 2010

Am I doing the right thing (or hurting myself) (Debt question)?

Here are the facts:

* I've been fastly repaying my student loan. Even though it won't expire until 2016. At the present rate, I would have payed 100% by next June.



** Since 60% of my monthly salary is funneled into this student loan (and 20% goes to paying rent) I'm making huge sacrifices as only 20% of my money is available to me.



* By sacrifices I mean things like: avoiding eat-outs, cinema or club outings (don't even have a girlfriend too costly for the time being)



So the question is: am I obsessed with this debt? Should I relax a bit and enjoy life a bit more? Bear in mind that once I have this debt out of my mind I plan to recompense me with a one month trip to Spain.



Am I too much money conscious (stingy)? Too much disciplined? Or am I doing right? Thanks