Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Have you bumped up fun spending?
Old 01-18-2014, 11:16 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Lsbcal's Avatar
 
Join Date: May 2006
Location: west coast, hi there!
Posts: 5,686
Have you bumped up fun spending?

After 5 good stock market years we are spending quite a bit more now on discretionary (fun) stuff. By discretionary I mean things like larger cost house improvements, travel, furniture, eating out more, etc. I try to have fun and resist the urge to conserve and the initial emotional guilt that might come with spending on fun things.

Also we have much lower expenses on the base living costs now. DS is out of college and earning his living, we have SS, medical is less then it used to be for us. I target now for overall 3.3% (of portfolio) spending.

My regularly updated spreadsheet points to us spending about 1.5% of our portfolio on discretionary stuff in 2014. Last year we spent at about this level but a third of it went to helping DS get started.

Have you bumped up fun spending?
__________________

__________________
Lsbcal is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-18-2014, 11:20 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,619
Yep, fun spending has been bumped way up, but on travel mostly. It would be very hard for us to eat out more.
__________________

__________________
LOL! is offline   Reply With Quote
Old 01-18-2014, 12:26 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Apr 2010
Posts: 1,685
Absolutely. 14 day Caribbean cruise over Christmas. Leaving tomorrow for 7 weeks in Thailand. Australia/Fijii cruise booked for next winter. And there will be something in the fall if I can convince DW to go.
__________________
brett is offline   Reply With Quote
Old 01-18-2014, 12:56 PM   #4
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 1,823
We spent a fair amount last year on home renovations to freshen up the house. I'm not sure I would refer to it as "fun", but once it was done, we were pleased with the results.
__________________
Ready is offline   Reply With Quote
Have you bumped up fun spending?
Old 01-18-2014, 01:12 PM   #5
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,887
Have you bumped up fun spending?

I just bought a Concept2 Model D rowing machine about 10 minutes ago. So, my answer is an unqualified YES!!! And I am having fun doing it. Last year I bought a nice 55" Panasonic TV and stand to go in my home gym room, so I am keeping up my end in supporting the world economy, mostly in expanding my home gym.

I know I am not overspending because my baseline was on the way-too-thrifty side. I would not suggest spending more than one's plan allows.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 01-18-2014, 01:50 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Lsbcal's Avatar
 
Join Date: May 2006
Location: west coast, hi there!
Posts: 5,686
Quote:
Originally Posted by Ready View Post
We spent a fair amount last year on home renovations to freshen up the house. I'm not sure I would refer to it as "fun", but once it was done, we were pleased with the results.
Doing the due diligence can be trying and not fun at all. As you say, getting to live with the results is the fun.
__________________
Lsbcal is offline   Reply With Quote
Old 01-18-2014, 01:52 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Lsbcal's Avatar
 
Join Date: May 2006
Location: west coast, hi there!
Posts: 5,686
Quote:
Originally Posted by W2R View Post
I just bought a Concept2 Model D rowing machine about 10 minutes ago. So, my answer is an unqualified YES!!! And I am having fun doing it. Last year I bought a nice 55" Panasonic TV and stand to go in my home gym room, so I am keeping up my end in supporting the world economy, mostly in expanding my home gym.

I know I am not overspending because my baseline was on the way-too-thrifty side. I would not suggest spending more than one's plan allows.
Glad you are "stepping out" there W2R. Those big TV's can be fun viewing. Sometimes I'm bowled over by the intense colors.
__________________
Lsbcal is offline   Reply With Quote
Old 01-18-2014, 01:54 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,974
Against my better judgement, I probably just went totally crazy with fun spending (yesterday), but I'll leave it at that for now...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 01-18-2014, 02:23 PM   #9
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
I'm treating 8 friends to a beach vacation. I also bought a "new" old acoustic guitar that I intend to play at the beach. My spending has increased, but I lived like a pauper while working.
__________________

steelyman is offline   Reply With Quote
Old 01-18-2014, 02:57 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
Oh yes...

Even though we keep an eye on our spending, we are looking more to what gives us pleasure. Time seems to be flying by...we're gonna enjoy it while we can.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 01-18-2014, 03:02 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,888
I've turned the heat up to 65 degrees for the winter.
__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 01-18-2014, 03:23 PM   #12
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 609
In my first 6 months of ER I've cut spending. My plan says I can spend considerably more than I am, but I'm too early in the journey and still in the gun-shy phase.
__________________
NanoSour is offline   Reply With Quote
Old 01-18-2014, 04:31 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,418
My most expensive indulgence was the 2nd home up at 7000 ft for us to escape the summer heat, and I bought it 7 years ago. Other than that, the largest discretionary item in my list would be travel expense, meaning overseas travel in addition to domestic RV'ing. But I am not a perpetual traveler, so even that is self-limiting. I do not see what else that would bring me pleasure. And that's a good thing as I am trying to stay within 3.5% WR.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 01-18-2014, 05:39 PM   #14
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,539
Quote:
Originally Posted by travelover View Post
I've turned the heat up to 65 degrees for the winter.
Compared to you we're wild spenders! 78 F here. When the house was built we paid for extra insulation and house wrap knowing that we like it warm. Also a major consideration when we bought was natural gas heat. And I'm still wearing thermals and a long sleeve shirt.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 01-18-2014, 06:31 PM   #15
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
Much air travel, and setting up for marriage and move in next year or so. Expenses will go down with one combined household.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 01-18-2014, 07:14 PM   #16
Thinks s/he gets paid by the post
powerplay's Avatar
 
Join Date: Oct 2008
Posts: 1,380
Quote:
Originally Posted by travelover View Post
I've turned the heat up to 65 degrees for the winter.
+5
__________________
powerplay is offline   Reply With Quote
Old 01-19-2014, 04:37 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
It has been drunken sailor spending the last year for me. New roof, new solar, new electrical all this for the new Tesla. Now a kitchen remodel which I'm about 1/2 way done spending for, but the work is just starting.
__________________
clifp is offline   Reply With Quote
Old 01-19-2014, 05:10 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,418
Looks like posters here have done their share of stimulating the economy. Excellent! We need to keep that money flowing. Instead of the money being stagnate in our accounts, let it flow to the tourist industry, our subcontractors, our restaurateurs, etc...

Voluntary wealth distribution is much preferred to involuntary ones. In fact, it is an exchange, not strictly a distribution. Besides, you cannot take it with you.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 01-19-2014, 05:31 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,974
Quote:
Originally Posted by travelover View Post
I've turned the heat up to 65 degrees for the winter.
We're up to 65 on weekends and Mon-Fri when we're both home & awake - 6 hrs/day, but still 62 for the other 18 hrs/day. Brrrrrrrrr...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 01-19-2014, 05:35 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,379
Quote:
Originally Posted by Midpack View Post
We're up to 65 on weekends and Mon-Fri when we're both home & awake - 6 hrs/day, but still 62 for the other 18 hrs/day. Brrrrrrrrr...
You are tougher than I am. It's just not worth it to me. Each year I guess my skin gets thinner. I'm up to 71 and 68 while sleeping. I live in cold MO and including a subzero stretch a couple weeks ago, the monthly heat bill was $125 ( natural gas ). I am kind of a tight wad, but $3 a day to stay comfortably warm is cheap to me!
__________________

__________________
Mulligan is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Where Have You Have Lived, Why you chose where you live to Retire or Still Mulling ShokWaveRider Life after FIRE 116 11-22-2012 10:21 AM
Jobs that only recently were mostly fun and now are "not fun at all"... HsiaoChu Other topics 20 03-29-2010 10:18 AM
Bumped - Free Ticket - Can I Sell It? JustMeUC Travel Information 3 07-22-2009 08:36 AM
2008 Actual Spending and 2009 Budgeted Spending dex FIRE and Money 122 03-17-2009 03:49 PM

 

 
All times are GMT -6. The time now is 11:02 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.