Burned by FIRE Finance
A few years ago, I was leading the ultimate frugal life, or so I thought. I was plowing $6,000 a month into debt repayment, and I worked so much I didn’t have time to spend any money. I had no furniture in my house and when I forgot to pack my lunch, I would go hungry.
One forgotten lunch in particular stands out. Unfortunately, I am a human and humans get hungry. What if I bought lunch, I posited? Plugging this into my calculator it turned out that the potential purchase would delay my student loan repayment…. not at all.
If the choice was mathematically irrelevant and I was mathematically miserable, then why was I doing this?