I have always cared far more about the end product than about how I get there. I like making plans and forecasting how I will get somewhere, but I hate actually doing the shopping and hunting.
This makes me a very efficient shopper and not so prone to deals. When I go to a mall, I know that I am looking for X and X only. X could be a certain number of short-sleeved shirts, a pair of jeans, a pair of shorts, a suitcase, etc. But it is almost always something super specific.
When I was looking for a car, I knew that I wanted a car and I knew that I wanted it to get me from point A to point B, that I didn’t really want to do complicated repairs immediately, and that I was comfortable spending about $20,000. But then I had to choose! It came down to three and I had no idea how to pick. So I went and test drove them each again and bought the one that “felt” the best.
At work, I love doing design work, planning out project roadmaps, and talking with customers and QA and everyone else. But actually sitting down and writing the code to get us to that point? So not as interesting as doing the design or planning. I forget quite easily that you need to verify that you’re actually on track to meeting your goals!
Caring about a budget? So not my thing. But saving as much money as possible? So my thing. I think that I am the type to be super motivated to pay off debt as fast as possible – we’ll see once I have a mortgage to contend with!
I see things like if I pay off a $225,000 mortgage in 4 years, I’ll only pay about $12,000 in interest. Had I repaid the loan over the 30 year amortization, I would have paid closer to $90,000 in interest. Those kinds of numbers are super motivating to me.
This has also made looking for a condo super frustrating. I know exactly what I want and that I want to own, but I have been having a hard time finding what I’m looking for. So then that makes me wonder whether I really want to do this and it’s driving me nuts.
Readers, are you more product or process oriented? How does that affect your finances?