I'm remembering all the feelings I got when I would look at my mint account and feel so accomplished. It's funny right, when you have all that cash, you feel safe and if you lost your job or had to go to the hospital, you'd be fine. I'm feeling really depressed about it right now but I have to remember that I'm not losing that money, it's just going to be in the form of a property.
Just the other day, Mint sent me a notice that I reached my goal of $20,000 in my e-fund. I remember setting this goal and thinking that when I hit $20,000, I'd be ready to buy a place, and coincidentally right after it happened I did find a place to buy! Weird how life works right?
One thing is for sure, I definitely feel less rich. Something about having all that cash sitting in your account makes you feel more invincible and actually, led me to spend more frivolously. That cup at Starbucks and that pack of gum would not be a big deal because hey, I had lots of cash in my account if anything happened and I could "afford" it right?
Now that I'm low on cash, I feel inspired to pinch my pennies once again and to live like I'm homeless or extremely poor. I'll have to say no to those last minute purchases at the grocery store or those useless shopping trips at Target that turn into $50 when you only went there for one item. I think I've found a renewed sense of motivation for saving and I think that's a good thing. It's still nice to see my investment accounts and 401k etc., filled with money, but I do not intend to touch those until I'm fully retired or if something happens in the long-term future that requires a lot of money.
For now I'll be happy that my net worth will be going up and that I'll be saving like a crazy person again. I'm already thinking of my next place...hopefully it will be a 2-story house with no HOA fees and in a lovely neighborhood. I'll have to start saving for that down payment and dreaming of that day.
So anyone else feel the money psychology of having tons of cash in your accounts and ready for use vs. having non-liquid assets? Or is it just me?!