
Berry Pond ~ Pittsfield, MA
We are, as of Thursday, exactly two weeks away from my new contract kicking in. This means that on October 12, Julie will be getting a nice big check that includes retro pay from the past four years. Well, sorta. 2% of the raise apparently goes right into my union’s welfare fund and we never see it. And since the retro pay and the regular paycheck are combined into one, I’m going to get slammed on taxes. Hopefully I’ll see some of it back in February…I can never remember if I’m supposed to have my Withholding set to ’0′ or ’1′ to get that. Anyway, the retro money is going to be used to pay down (or maybe off, depending on how much I get) my credit card bills. I keep telling myself that this is the responsible way to be, that if I pay off the credit cards I’ll have more money every month and I will be able to afford that new 80 GB iPod soon. Julie does not like being responsible when she wants a new fun toy, so this is also a test of willpower. It kinda sucks.
I was thinking a few weekends back what a luxury it must be to have all the money you need to pay off bills each month and then money leftover to buy things that you want without even thinking about it. I’ve never had that kind of money. I’ll grant you, I have enough cash to make more than the minimum payment on my credit cards and pay the utilities, the rent, and the student loan payment with a bit left over, but I blow through that bit left over like no one’s business. I like to buy new books. I enjoy getting new clothes. I hit yarn stores fairly regularly. I even cop to going to the drugstore to get fun toiletries like John Frieda Vibrant Red color glaze. But in the grand scheme of things, these are little. What would it be like to be able to buy furniture if I wanted it, without having to forego my little expenditures? I’ve been needing a new dresser and nightstand for ages, but I don’t have the money necessary to get them. So, like most people, I go without the bigger items.
I know that if I lived anywhere in the country but New York City, my salary would allow me to have the luxuries. I would be able to buy a house, a car, all sorts of things. But I love where I live too much to leave it. This is a city where if you make less than $50K, you’re below the poverty line. I can’t think of one person I know in New York who makes $50K (okay, wait, I can, but she doesn’t count since she’s not a friend, merely someone I have to associate with on occasion). Several of us (myself included) are closing in on it, but we’re not there yet. Is it because we don’t have the extra money that we view it as security? It’s not all-consuming for me, since I do have a certain amount of disposable income, but I do spend a decent amount of time thinking about it. I know I’m not alone on this one, since many of us are living paycheck to paycheck and/or in debt.
What do you guys think about this? Is money security for you, or could you care less? What would do if you had all the money necessary for bills and a lot left over every month? Would you spend it? Put it in savings? Invest? What?