I don’t associate my job or my income with being able to pay the bills. You hear so many people in the news complaining that if they lost their job, they couldn’t pay the bills, but that’s not the case for me. I could live off of my cash savings and taxable investments for about a year without reducing expenses. I could quite easily chop about $800/month of fluff out of my budget too and recast my mortgage to cut that payment down by $200/month, at which point, my savings/investments would last me for just over 2 years of no job. Based on how much of my income my disability policy would replace, I would even be able to set aside some cash while on disability. (I would probably just add all savings while on disability to cash savings just in case and not pay extra on the mortgage.)
This freedom means that if I’m ever worried about my job, I’m not also worried about money. Money just is.
Money comes in on the last business day of the month (and sometimes at another time when it’s a bonus month!) and money goes out at certain points of the month. My HOA dues, the automatic credit card payments, the twice-yearly property tax payments, and transfers to other accounts are now the only debits to my checking account, meaning that there are normally only ~4 debits to my checking account each month!
But at the same time, sometimes when I’m unhappy at work, I don’t feel like I need to find a way to work harder because I don’t worry about not getting paid. That feeling of waiting for the paycheck definitely seems to motivate many people, but for me, it means nothing anymore.
So it looks like I need to find ways to be motivated at work that are unrelated to the money earned, which is probably for the best anyways. It’s way better to be motivated by the projects and the people you’re working with than the money.
I’ve been trying to think back to the point where I stopped associating money appearing in my bank account with working. I would guess that it was around when I bought the condo last year and with the raise I got that gave me about $2,000/month in extra cash flow every month.
I’m thankful for this great condo I love, my boyfriend, and a career that I like most of the time, even if right now, things are a bit rocky. I’m also thankful for my general health though I wish this injury would go away because I’m definitely going stir crazy!
Readers, do you associate your job with paying the bills? If not, at which point did you stop doing so?
P.S. I apologize for not posting much lately. I am busier, but honestly, my finances have also gotten boring lately and there just isn’t as much to write about. Is there anything in particular that you would like me to talk about in future posts?