What do you spend your money on outside of expenses and investments?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
Post Reply
Plz
Posts: 51
Joined: Tue Oct 09, 2018 10:26 pm

What do you spend your money on outside of expenses and investments?

Post by Plz » Tue Oct 23, 2018 2:21 am

I’ve been pretty prudent with my purchases, but after seeing some posts on tax loss harvesting, credit card/bank account churning, etc, I realize I’m still not 100% “efficient.” But this got me thinking - what are some of the “inefficient” things my fellow bogleheads like to spend their money on?

I realized I don’t really collect anything nor have I really bought something for myself in quite a while...so, I’m curious - what do you spend your money on outside of expenses and investments?

denovo
Posts: 4384
Joined: Sun Oct 13, 2013 1:04 pm

Re: What do you spend your money on outside of expenses and investments?

Post by denovo » Tue Oct 23, 2018 2:25 am

Everything you spend money on outside savings is an expense.
"Don't trust everything you read on the Internet"- Abraham Lincoln

Plz
Posts: 51
Joined: Tue Oct 09, 2018 10:26 pm

Re: What do you spend your money on outside of expenses and investments?

Post by Plz » Tue Oct 23, 2018 2:30 am

denovo wrote:
Tue Oct 23, 2018 2:25 am
Everything you spend money on outside savings is an expense.
While I suppose this is technically true, I’m sure you understood the spirit of the question

denovo
Posts: 4384
Joined: Sun Oct 13, 2013 1:04 pm

Re: What do you spend your money on outside of expenses and investments?

Post by denovo » Tue Oct 23, 2018 2:42 am

Plz wrote:
Tue Oct 23, 2018 2:30 am
denovo wrote:
Tue Oct 23, 2018 2:25 am
Everything you spend money on outside savings is an expense.
While I suppose this is technically true, I’m sure you understood the spirit of the question
The question is so overly broad. A lot of people have hobbies they like to spend money on. What do you do when you're not working?
"Don't trust everything you read on the Internet"- Abraham Lincoln

Momus
Posts: 538
Joined: Tue Feb 21, 2012 9:23 pm

Re: What do you spend your money on outside of expenses and investments?

Post by Momus » Tue Oct 23, 2018 2:44 am

I keep it classy like this dude https://www.youtube.com/watch?v=bI9lIBfAg5M :twisted:

tantive
Posts: 7
Joined: Mon Sep 03, 2018 9:51 am

Re: What do you spend your money on outside of expenses and investments?

Post by tantive » Tue Oct 23, 2018 3:06 am

Magic the Gathering cards!

TravelGeek
Posts: 2457
Joined: Sat Oct 25, 2014 3:23 pm

Re: What do you spend your money on outside of expenses and investments?

Post by TravelGeek » Tue Oct 23, 2018 3:09 am

Travel and geek (tech) stuff. And coffee. Lots of coffee.

traveler901
Posts: 21
Joined: Wed Aug 02, 2017 3:50 am

Re: What do you spend your money on outside of expenses and investments?

Post by traveler901 » Tue Oct 23, 2018 3:43 am

Travel, restaurants, bars, activities (concerts, shows, kayaking, etc.)

Nissanzx1
Posts: 348
Joined: Wed Jul 18, 2018 11:13 pm

Re: What do you spend your money on outside of expenses and investments?

Post by Nissanzx1 » Tue Oct 23, 2018 4:46 am

I buy really nice wrist watches. It's my guilty pleasure. Wife likes vacations.

NextMil
Posts: 523
Joined: Wed Dec 13, 2017 12:33 pm

Re: What do you spend your money on outside of expenses and investments?

Post by NextMil » Tue Oct 23, 2018 6:04 am

Things and vacations that make my family and I happy so I don't end up a miser.

User avatar
randomizer
Posts: 1540
Joined: Sun Jul 06, 2014 3:46 pm

Re: What do you spend your money on outside of expenses and investments?

Post by randomizer » Tue Oct 23, 2018 6:08 am

Toys.
87.5:12.5, EM tilt — HODL the course!

User avatar
Cycle
Posts: 857
Joined: Sun May 28, 2017 7:57 pm
Location: USA

Re: What do you spend your money on outside of expenses and investments?

Post by Cycle » Tue Oct 23, 2018 6:21 am

most people spend their non essential money on cars, unnecessary graduate school, bigger houses than they need, etc.

trips to maldives are trivial in cost compared to owning and maintaining unnecessarily large homes or luxury vehicles.

anyways, for me I'd say travel and restaurants

Case59
Posts: 106
Joined: Fri Dec 30, 2011 12:31 pm

Re: What do you spend your money on outside of expenses and investments?

Post by Case59 » Tue Oct 23, 2018 6:43 am

529's for my grandkids and travel are my two main "nonessential" items.
"Most quotations on the internet are incorrect."-Mark Twain

User avatar
VictoriaF
Posts: 18630
Joined: Tue Feb 27, 2007 7:27 am
Location: Black Swan Lake

Re: What do you spend your money on outside of expenses and investments?

Post by VictoriaF » Tue Oct 23, 2018 6:47 am

International travel.
Domestic travel.
Comedy classes.
Writing classes.
Books.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

boomergeneration
Posts: 101
Joined: Tue Jan 08, 2013 2:41 pm

Re: What do you spend your money on outside of expenses and investments?

Post by boomergeneration » Tue Oct 23, 2018 6:55 am

Yearly Boglehead Conference.
Organic fruits and vegetables.
Lots of international travel.
Movies.
Books.
Netlix, Amazon Prime and HBO Now.

User avatar
blueblock
Posts: 865
Joined: Sun Oct 19, 2014 6:06 pm
Location: Wisconsin

Re: What do you spend your money on outside of expenses and investments?

Post by blueblock » Tue Oct 23, 2018 7:15 am

Services (housekeeping, yard, handyman)
Personal trainer
International travel

daheld
Posts: 359
Joined: Wed Sep 13, 2017 8:14 am

Re: What do you spend your money on outside of expenses and investments?

Post by daheld » Tue Oct 23, 2018 7:17 am

I love to travel, though we haven't done much recently. I like kayaking, camping, and other outdoor activities, which gladly take up lots of fun money.

Plz
Posts: 51
Joined: Tue Oct 09, 2018 10:26 pm

Re: What do you spend your money on outside of expenses and investments?

Post by Plz » Tue Oct 23, 2018 7:19 am

VictoriaF wrote:
Tue Oct 23, 2018 6:47 am
International travel.
Domestic travel.
Comedy classes.
Writing classes.
Books.

Victoria
Classes! What a fantastic idea!

Jack FFR1846
Posts: 8088
Joined: Tue Dec 31, 2013 7:05 am

Re: What do you spend your money on outside of expenses and investments?

Post by Jack FFR1846 » Tue Oct 23, 2018 7:23 am

Offroading gear for my Wrangler. This is my first year in the activity, so expenses are high but controlled. 5 tires, about $1,000, Rock Rails, about $550, rear lift (DIY front) $100, replace the steering stabilizer $40, FRS radio, fire extinguisher required by club $50. Trail fees about $100 so far, club membership $50. The activity brings one or both of my 2 boys (18 and 22) with me. I'm waiting before I do my next purchase....probably skid plate for oil pan and transmission for about $200 until I sell some fire wood or get my next RSU's paid out.
Bogle: Smart Beta is stupid

User avatar
mhc
Posts: 3807
Joined: Mon Apr 04, 2011 10:18 pm
Location: NoCo

Re: What do you spend your money on outside of expenses and investments?

Post by mhc » Tue Oct 23, 2018 8:12 am

charitable contributions and travel are the top two by far

Competitive sports for children
eating out
cable TV
gym membership

Thegame14
Posts: 453
Joined: Mon May 07, 2018 11:53 am

Re: What do you spend your money on outside of expenses and investments?

Post by Thegame14 » Tue Oct 23, 2018 8:19 am

daycare and taxes......besides that I guess since we don't really good, take out food, an occasional concert....The rest is just staying above water with bills, and trying to pay down debts.

lostdog
Posts: 1293
Joined: Thu Feb 04, 2016 2:15 pm

Re: What do you spend your money on outside of expenses and investments?

Post by lostdog » Tue Oct 23, 2018 8:29 am

traveler901 wrote:
Tue Oct 23, 2018 3:43 am
Travel, restaurants, bars, activities (concerts, shows, kayaking, etc.)
+1

cs412a
Posts: 19
Joined: Sun Dec 17, 2017 1:37 pm

Re: What do you spend your money on outside of expenses and investments?

Post by cs412a » Tue Oct 23, 2018 10:59 am

I've enjoyed taking one class per semester (mostly online) at the local community college for the past several years: meteorology, geography, art history, music, criminal law, trigonometry, macroeconomics, etc. All the courses I didn't have time to take when I was in college the first time (back in the early 70s). CC tuition was very reasonable. However, now that I'm over the age of 65, tuition is free and my only expense is the cost of the textbook.

I've also been studying Korean on my own (Rosetta Stone) for the past year.

Travel.

Renting a rowing machine.

And, of course, what I pay the cable company for Internet access.

User avatar
Sheepdog
Posts: 5191
Joined: Tue Feb 27, 2007 3:05 pm
Location: Indiana, retired 1998 at age 65

Re: What do you spend your money on outside of expenses and investments?

Post by Sheepdog » Tue Oct 23, 2018 11:19 am

Give away to charities and family plus I buy whatever i want (the whatever must not require interest to be paid)
It's not what you gather, but what you scatter which tells what kind of life you have lived---Helen Walton

Post Reply