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

Posted: Tue Oct 23, 2018 2:21 am
by Plz
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?

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

Posted: Tue Oct 23, 2018 2:25 am
by denovo
Everything you spend money on outside savings is an expense.

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

Posted: Tue Oct 23, 2018 2:30 am
by Plz
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

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

Posted: Tue Oct 23, 2018 2:42 am
by denovo
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?

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

Posted: Tue Oct 23, 2018 2:44 am
by Momus
I keep it classy like this dude https://www.youtube.com/watch?v=bI9lIBfAg5M :twisted:

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

Posted: Tue Oct 23, 2018 3:06 am
by tantive
Magic the Gathering cards!

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

Posted: Tue Oct 23, 2018 3:09 am
by TravelGeek
Travel and geek (tech) stuff. And coffee. Lots of coffee.

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

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

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

Posted: Tue Oct 23, 2018 4:46 am
by Nissanzx1
I buy really nice wrist watches. It's my guilty pleasure. Wife likes vacations.

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

Posted: Tue Oct 23, 2018 6:04 am
by NextMil
Things and vacations that make my family and I happy so I don't end up a miser.

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

Posted: Tue Oct 23, 2018 6:08 am
by randomizer
Toys.

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

Posted: Tue Oct 23, 2018 6:21 am
by Cycle
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

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

Posted: Tue Oct 23, 2018 6:43 am
by Case59
529's for my grandkids and travel are my two main "nonessential" items.

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

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

Victoria

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

Posted: Tue Oct 23, 2018 6:55 am
by boomergeneration
Yearly Boglehead Conference.
Organic fruits and vegetables.
Lots of international travel.
Movies.
Books.
Netlix, Amazon Prime and HBO Now.

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

Posted: Tue Oct 23, 2018 7:15 am
by blueblock
Services (housekeeping, yard, handyman)
Personal trainer
International travel

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

Posted: Tue Oct 23, 2018 7:17 am
by daheld
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.

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

Posted: Tue Oct 23, 2018 7:19 am
by Plz
VictoriaF wrote:
Tue Oct 23, 2018 6:47 am
International travel.
Domestic travel.
Comedy classes.
Writing classes.
Books.

Victoria
Classes! What a fantastic idea!

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

Posted: Tue Oct 23, 2018 7:23 am
by Jack FFR1846
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.

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

Posted: Tue Oct 23, 2018 8:12 am
by mhc
charitable contributions and travel are the top two by far

Competitive sports for children
eating out
cable TV
gym membership

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

Posted: Tue Oct 23, 2018 8:19 am
by Thegame14
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.

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

Posted: Tue Oct 23, 2018 8:29 am
by lostdog
traveler901 wrote:
Tue Oct 23, 2018 3:43 am
Travel, restaurants, bars, activities (concerts, shows, kayaking, etc.)
+1

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

Posted: Tue Oct 23, 2018 10:59 am
by cs412a
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.

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

Posted: Tue Oct 23, 2018 11:19 am
by Sheepdog
Give away to charities and family plus I buy whatever i want (the whatever must not require interest to be paid)