corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
just say DW no more clothes for YOU !!!! ;-)
She's been awesome about clothes lately. She's only spent $272 so far this year on clothes. That's crazy awesome!
just say DW no more clothes for YOU !!!! ;-)
Sounds like you and your wife could benefit from a budget for discretionary expenses, assuming most of the landscaping falls into that category. Spend no more than <X> dollars every <Y> years on big ticket discretionary items, with adjustments for inflation.
This is probably why I don't have a family. I sleep better knowing that I don't have to compromise with somebody else on spending. Good luck in fighting that battle!
My plan was always pretty simple: 100% Probability of Success (Ps) with $25k / year of discretionary spending. We far exceeded that and we now have $400k more than we need for 100% Ps. Ok, great. Let's just keep that as an insurance policy for unknown unknowns.
We did agree on $25k / year for pure discretionary a long while ago. But she knows that we are in much better shape than that because I tell her. We can spend $50k / year.
She's been awesome about clothes lately. She's only spent $272 so far this year on clothes. That's crazy awesome!
Sure, but there's ups and downs in your investments. You can say you can afford it now, but what happens if the market drops by 40% like it did in 2008?
The surplus funds I am collecting now in this Bull Market will help me sleep better knowing of the eventual Bear market to come.
But if I was forced to compromise with somebody else on spending, then I feel like a specific budget limit will lead to fewer surprises/arguments and better sleep.
This will not increase the value of the home by $35k.
That design looks beautiful. I don’t see any lighting mentioned though. Is lighting included in the $35k?
As far as your actual question goes, of course you can afford it.
Plan looks great! Estimate looks great too for all that work. And you said you'll use it a lot.
So do it and enjoy it!
Isn't that what 100% in firecalc means? That I can handle any 30 year sequence of returns that has happened in the last 115 years? As it sits right now, we can handle the worst ever and have $400k left over. 2008 was a cakewalk for new retirees compared to 1969.
just say DW no more clothes for YOU !!!! ;-)
Did that include new irrigation?