I recently paid off a massive student loan. The loan had started at $75,000 and the interest rate was an unconscionable 6.5%. I had been paying $750 per month for the last 6 years, plus a few big annual payments, and now finally it’s gone. I’m not debt-free (not even close) but I do have an extra $750 burning a hole in my pocket every month.
I know I should put that straight into my children’s 529 plan for college, or start applying it to my other student loans, or make extra payments on my mortgage, or start a rainy day fund, or just fucking kill myself.
I don’t want to do something safe and responsible. I want to spend. And above all I want a new car.
My 6 year old Subaru Outback isn’t cutting it anymore. It gets me from point A to point B, and it is fully paid for, but I live in Atlanta now. Atlanta is a car town.
In Connecticut, my Subaru fit me perfectly. 4WD meant it got me around in the snow, and the hatchback was perfect for our growing family. It was a practical car to own. Tons of people had Subarus.
In Atlanta, I am ridiculed for my Subaru. My new friends pull me aside and ask “what is the deal with your car, man?” They want to know if all Subarus come with Hillary 2016 stickers. My sexuality has even been called into question.
And it isn’t even practical anymore. The 4WD is useless here. I don’t need the hatchback either as we have a Honda Odyssey.
So why not just trade in the Subaru and get an Audi or a BMW? It’s simple, I don’t want an entry-level luxury car. Then I’m “the guy who couldn’t afford the 5-series.” I’d rather be “the guy who doesn’t care about cars.” It’s a real dilemma.
The longer I wait, the less likely I am to splurge on something I can’t afford. Which is good, since my brain knows the right answer is to drive that Subaru into the ground.
Last weekend I decided to splurge in a different way. I bought a pair of sweatpants for $88. My new sweatpants are thick and luxurious and soft and I would wear them every day if I could.
I don’t care if Lulu Lemon got famous making yoga pants for women. Good for them. I’m secure in my manhood. I mean, come on, I drive a Subaru.