Should I do my Ironman 70.3?
I'm signed up to do an Ironman 70.3 next weekend. I started training for this event in January, even though I did several smaller triathlons last summer in anticipation of this one. I'm trained. I'm uninjured. I'm ready. Here's the catch: I just got a new job, and my wife and I moved. We're now paying rent in addition to the mortgage we still carry, and my wife has not yet found a job. We hope to rent out our house at some point, but no takers yet. We have a good amount in savings, but if we don't want to dip into those, we're going to be living on about half of what we're used to (after rent, mortgage, and taxes). Here are our expenses for the trip: we have to buy plane tickets ($600), and ship my bike ($150). Room is free, curtesy of relatives.
We can't decide. What would you do?
At this point, it's tempting to tell you that I've already paid the $250 entry fee, but that goes into the sunk costs fallacy, and really should not be taken into account.