I asked myself that question when my mechanic told me the cost to repair my A/C was $1200 ($1500) without the discount. I have a major electrical problem and several parts have to be replaced. This was an unexpected expense. It was almost a 100 degrees yesterday. I have to man up and just pay.
Instead of obsessing about what I could use the $1200 for (a plane ticket home, a printer/digital camera, a new sofa, shoes etc.) I was thankful I had the money to pay for it. I was a little sad to use the last chunk of my Christmas gift which I had set aside for a trip this fall and some of the "liquidated wedding fund".
To me $1200 is a lot of money but I won't let this budget hiccup ruin my day, week, month or year. My dad likes to say "it's only money". Of course it is easier to see the world this way when you have it. However, as I get older I get what he is saying.
I was watching ABC News last night and they were interviewing the victims of the Greensburg, KS tornado. The storm wiped out 95% of the town. Were it not for the warning sirens there would have been more deaths. One woman lost everything, I mean every single thing that was in her house and the house were gone. She had nothing. She looked at the camera and said she was thankful to be alive and she would rebuild.
Insurance can cover material things but all the photos, sentimental belongings, etc. losing those items must be heartbreaking.