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[quote=Anonymous][quote=Anonymous]I would say you haven't "probably overspent." You have definitely overspent. You took a HELOC for a want. Even if that one's paid off, there wouldn't be as much or any on the needed one if you hadn't taken on debt for the wanted project. Also how much was the needed repair and why wasn't there savings for it?

I would put wants after the HELOC is gone. I mean you can have a little fun before that, but I think the point of needing to follow a chart like this at all at this point (meaning you still have debt when you're old enough to have teenagers) is to correct the overspending tendencies that caused the debt. It's not supposed to be painless.[/quote]

By the way, I think I'm being a bit strict because of some of your phrasing but I may be reading some entitlement into "clothing your teens actually want, a little vanity and spoiling yourself." I do think it would be okay to have a certain small budget per month for these things, but on the other hand you don't want to get back out of control, which I'm reading as your natural tendency.

But it's very good that you are separating needs and wants in your mind. And don't be so strict that you rebel, which it sounds like you want to. So in that case a reasonable budget and planning spending on the wants would be preferable to staying on track and then wasting a bunch of money one day when you can't take it anymore.[/quote]

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