I think every personal finance blogger that I follow has written a post about keeping up with the Joneses at one point or another. I had one of those moments at work yesterday….
One of my best friends is in the midst of wrapping up his engineering degree. He’s on the 6+ year plan since he went away for university and goofed off for a few years like many of us do. He has about 4X the student loan debt that I had when I first graduated. Yesterday I was sitting at work typey-typing away and a bill of sale came across my desk….he is buying a brand new 2014 GMC Sierra…. Now you tell me how that works?? How can you owe a ton of money on student loans and think its a great idea to buy a brand new truck for $50,000? I’m driving Jerry until he falls apart! (Jerry is my 2008 Jeep Patriot- whom I bought used). The only reason there is a 2014 GMC sitting in my driveway is because BF’s company pays for it! I admit I got a little jealous when BF got his new truck as well but at least I get to use it haha.
I also see friends going away on tropical vacations down south right after university. Friends of mine (the same friend plus more) just came back from spending 3 weeks traveling around Europe. I didn’t go because I just didn’t have the money. It makes me frustrated to see people who owe more than me getting into more debt. Oh well! I have made a decision to become debt free and I’m sticking to it! I can go to Europe when I can afford it :).