Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 05-28-2013, 10:00 PM   #21
Full time employment: Posting here.
cj's Avatar
 
Join Date: Jun 2005
Posts: 517
Quote:
Originally Posted by ChocoKitty View Post
Oh, I agree completely. I'm on a yarn diet right now because I overdid it the past few months. I know, some people say sock yarn doesn't count as stash, but my overflowing bins beg to differ. And these days I only buy sock yatn because I love it that much.

Where do you buy yours and what do you like most?
Yes, this thread has been hijacked by knitters. ChocoKitty, I do a lot of charity knitting (scarves for the rape crisis center, blankets for Project Linus, pet snuggies for the animal shelters) so most of that yarn comes from Michaels/Joann/Hobby Lobby, using coupons or trolling the sales. I don't buy the cheapest stuff, but I am careful about costs (though I do keep track and take the deduction on taxes).

When I want to do nice stuff, I typically try to find the bargains on yarn.com, or KnitPicks, or occasionally from a local yarn shop. I love KnitPicks sock yarn and many of their other yarns - decent quality, reasonable prices. I have also used Cascade Heritage Paints sock yarn, which I loved a LOT. You can never go wrong with any Cascade yarns.
__________________

__________________
cj 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 05-28-2013, 10:06 PM   #22
Full time employment: Posting here.
cj's Avatar
 
Join Date: Jun 2005
Posts: 517
And so as not to get thrown out by the OP, here is my splurge. Got it 3 months ago, even though I did NOT need a new car. I just wanted it.
Attached Images
File Type: jpg IMG_0509.jpg (560.7 KB, 26 views)
__________________

__________________
cj is offline   Reply With Quote
Old 05-28-2013, 10:07 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 5,195
Wow, what a beautiful car! (The Jag, not the Crosstrek with the weird rims, though it is a nice car too.) Just went to Edmunds.com and they have good things to say about it too.

One thing I see financially is that there will be some extra cost for insurance, maintenance (probably), and speeding tickets (likely!).

Only you can say if this is worth it to you vs. spending on something else or having more of a safety buffer. I was kind of at that same point many years ago and had planned to get a new Honda S2000 when I hit a number, but when I got there I decided I'd be just as happy with a slightly used Miata for considerably less. 14 years later I still like driving the Miata, though it shakes a lot on the highway now. But some are bigger car enthusiasts than me, and appreciate a true sports car more.
__________________
RunningBum is offline   Reply With Quote
Old 05-28-2013, 10:17 PM   #24
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
Quote:
Originally Posted by hakuna matata View Post
Okay I will fess up what I am thinking of.
it is a car but oh what a car--at least to us.

a 2014 Jaquar F-type--price range from about $65-100k depending on the model, etc.....
So we were going to get a new car--hadn't decided on what to get but this is easily $20-40k over that budget. I don't need a car like this but I do appreciate nice cars (love my BMW) and this just looks like a fun car.
That is NOT a splurge, that is an investment, and "only" $20 to $40 K more than you woud spend anyway, some of which you will get back when you sell it one day. Completely justified .
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 05-28-2013, 11:01 PM   #25
Moderator
MBAustin's Avatar
 
Join Date: Jul 2010
Posts: 4,162
Part of "are we ready to ER" for us was for me to buy a new car - a Prius. Although I was sad to give up the stickshift, I was not sad to trade up from a 2000 Ford Focus to a 2010 Prius!

Our ER splurge was two cruises in the first 9 months - a Panama Canal trip just after I ER'd, and an Alaska trip the following summer for our 25th anniversary. Both were terrific.

I'm intrigued by all the yarn posts as one of my ER activities is knitting - I mostly knit prayer shawls for my church (25+ in two years) but I've started on some other small projects. I may start looking for nicer yarns than whatever Michaels/Hobby Lobby/Joann's has on sale! Thanks for the tips!
__________________
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
----------------------------------
ER'd Oct. 2010 at 53. Life is good.
MBAustin is offline   Reply With Quote
Old 05-28-2013, 11:08 PM   #26
Thinks s/he gets paid by the post
Katsmeow's Avatar
 
Join Date: Jul 2009
Posts: 3,399
When DH retired and I semi-retired we sort of mentally set aside a sum of money that we felt that we could spend on sort of extra fun stuff. We spent some of it on a more expensive vacation than what we would usually spend. The rest of it we will spend at some point when the urge moves us.
__________________
Katsmeow is offline   Reply With Quote
Old 05-28-2013, 11:09 PM   #27
Recycles dryer sheets
 
Join Date: Apr 2013
Location: Jacksonville
Posts: 222
I'd definitely splurge. We already travel a lot, so I doubt there'll be any significant change in that once I officially do retire. I think my main splurge will be a gas free vehicle.
__________________
Arifriekinel is offline   Reply With Quote
Old 05-28-2013, 11:27 PM   #28
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,937
I bought my Venza as I had planned to do for a long time. Other than that, I didn't really think of anything to splurge on. But you have, and if you can afford it, so why not?
__________________
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 05-29-2013, 12:02 AM   #29
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
If you don't jeopardize your FIRE plan by buying this car, I say go ahead and splurge.
__________________
FIREd is offline   Reply With Quote
Old 05-29-2013, 12:09 AM   #30
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
Quote:
Originally Posted by hakuna matata View Post
I love it--my thread has become a yarn thread!
Also a knitter here.

Don't be surprised if someone here knits this for your new car, not only hijacking your thread but also your car:
Attached Images
File Type: jpg 0209knitcar.jpg (81.8 KB, 18 views)
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 05-29-2013, 12:33 AM   #31
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,250
We bought a big (for us) travel trailer, and ended up having to upgrade our truck to be able to handle it confidently. We had planned for the trailer for years, since we could not have one when we lived overseas. I had not planned on the truck upgrade so soon.

All of that said, if we had been living in the States, we would have had the TT some years ago, it would have been smaller, would not have needed the truck upgrade so soon, but probably would not have been ERd at 51.

R
__________________
Find Joy in the Journey...
Rambler is offline   Reply With Quote
Old 05-29-2013, 02:26 AM   #32
Thinks s/he gets paid by the post
 
Join Date: Oct 2012
Location: Colorado Mountains
Posts: 2,146
Retireing next month. Bought a Jeep Wrangler Rubicon 4-door in January as an early retirement present to me. I'll be moving to the middle of Colorado Off-Road country, so maybe that's a 'necessity'. A Harley will be comming soon. A friend who retired about a year ago is puting the finishing touches on a Miata with a Ford V8 stuffed into it. It will be in the same range of horsepower as the above sports cars. That was a major splurge for him.
__________________
Hermit is online now   Reply With Quote
Old 05-29-2013, 05:24 AM   #33
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,579
Although all were long-planned purchases, within six months we bought a brand-new house, a brand-new car for DW, and a brand-new 4WD pickup truck for me.

I'm pretty sure we'll never do that again.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 05-29-2013, 05:47 AM   #34
Recycles dryer sheets
WestLake's Avatar
 
Join Date: Jun 2011
Posts: 239
I'm coming to the realization I may have to w*rk one or two more years for the big splurge. I've been talking about a Porsche for 30 years. Not sure if it is worth that.
__________________
WestLake is offline   Reply With Quote
Old 05-29-2013, 06:01 AM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,649
"Big" is a relative term. Like Moemg, we always spend a bit less than our budget and toss the remainder in a "mad money" fund. We have splurged a bit at times but so far it hasn't caused us to exceed our budget for any year. Shortly after I ER'd we bought a Lexus SUV which was a nicer car than we had ever previously bought. In the last 12 months we have splurged more than usual. We had custom bikes built last fall and this year we have travelled to France, are heading to Prague and Vienna shortly, and are going to New Zealand and Australia next January. We blew a quarter of a million frequent flyer points to do the latter trip on a mix of business and first class - I guess that qualifies as a splurge.

Edit: getting business class award seats to New Zealand in January was no easy task. For the two of us they would cost $20,000 to $25,000 so, from that perspective, 250,000 points is not a big deal.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is online now   Reply With Quote
Old 05-29-2013, 06:06 AM   #36
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,451
My Tesla is by far the biggest splurge that I've have had since I retired. After rebate it is 56k. But that is only part of it, I also decide to get a PV system to charge it, which in turn meant a new roof. No reason to but a PV system that will last 20+ years on roof that only has 5 to 10 years left.

My electrical system was ancient, underpowered 70 AMP, and bit dangerous. So I also am in the process of upgrading the electrical system. The metal roof, PV, and electrical system add another 35K to the car so now it it 90K... On the other my gasoline and electrical bill should shrink to $15/month forever..
__________________
clifp is offline   Reply With Quote
Old 05-29-2013, 06:40 AM   #37
Thinks s/he gets paid by the post
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 3,849
My take is that you might consider splurging on something that makes you happy. Conspicuous consumption has been tested in many experiements against happiness. If you buy-in to those goofy psychologist's tests, buying something to show off always comes up short on the happiness scale, I'm afraid. If you can show-off and create a chunk of life you didn't have (like taking up RVing) I think that's a different story. If you want to "enjoy the doing as much as the done", then buying a car is all "done".
__________________
sengsational is offline   Reply With Quote
Old 05-29-2013, 07:55 AM   #38
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
The thing with some of these higher end cars, they may be an initial splurge, but you get to keep slurging on insurance, gas, tires/maintenance, and then the worry of some moron scratching or denting your beauty. Don't mean to be a buzzkill, but just some food for thought from an exotic car lover
__________________
Doing things today that others won't, to do things tomorrow that others can't. Of course I'm referring to workouts, not robbing banks.
DFW_M5 is offline   Reply With Quote
Old 05-29-2013, 09:43 AM   #39
Recycles dryer sheets
hakuna matata's Avatar
 
Join Date: Jul 2008
Location: Small town outside of Seattle
Posts: 444
I am not too worried about the insurance, upkeep, etc on the F-type, it will be a consideration but the BMW wasn't cheap (although I didn't buy it new) but the upkeep on that isn't cheap either. Luckily both my wife tend to analyze purchases like this and then decide based on our discussion. We recently had designed a new deck and patio for our home that we had x amount budgeted for it--the lowest of the three bids was double that number and the highest bid was triple! Needless to say we opted to not move forward on that particular design! We are now building a revised deck design that fits our original budget. So we would never buy this car if either of us felt it would impact our retirement--but by the same token we worked and saved that money and want to enjoy it.

The reason I started the thread is that it seems after a lifetime of saving and not spending, I was wondering how difficult people were finding it to shift gears. I want to enjoy my retirement and the work I have done to get to that. Just not working and an early retirement isn't my goal but enjoying the fruits of that hard work is.

I have a very good friend who retired last year and he is struggling with that I think. I know his finances (we are good friends) and he could easily spend triple what he is spending and be below 2% on his withdrawal rate. But he finds it hard to spend money and that is fine -- to each their own. I don't anticipate "I" will have that issue
__________________
hakuna matata is offline   Reply With Quote
Old 05-29-2013, 10:03 AM   #40
Full time employment: Posting here.
 
Join Date: Sep 2012
Location: San Jose
Posts: 607
Hakuna - I'm a car person, so my vote is to splurge, as long as it doesn't hurt your FI. That Jag is a pretty car, so enjoy if you get it!

Hermit - Saw your post about buying a Jeep and moving to Colorado. If you're free to say...where in Colorado? I lived there for a number of years, including in Teller County west of Colorado Springs. I loved Colorado and miss it terribly. If I'm able to FIRE in a couple years, I want to go back for a year or two and do all the outdoors things I enjoy without a j*b hanging over me. Would love to find a place somewhere around Summit County or Vail, as I'd want to live like a ski bum for one good ski season (bucket list item, LOL). Just be careful out there with all the drought and fires they've had. Makes me sad to read about all the fires Colorado has been having last few years. Lot different than when I lived there.
__________________

__________________
LoneAspen 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


 

 
All times are GMT -6. The time now is 03:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.