Wasteful expenditure

[weg]

I don't mind 'wasting' money to be blonde. I look fugly as a brunette - when your grandmother tells you in no uncertain terms that, 'I hate it! Dark hair really doesn't suit you, love', you realise the cold, harsh reality that money is going to have to be invested on peroxide and a qualified hand is going to have to apply it. So, I spend between $50 to $150 every month in my desperate attempt to be a blonde bombshell and keep my old Nan happy .

Wasting money to be blond? No such thing .

Brunette is fugly on me too, so understand.

In fact I'd feed my family noodles before going brunette.

 

[Singo]

I buy books and I am sure I will never read some of them! That's probably an addiction as I don't smoke and drink rarely!

We are yet to buy any household items costing more than $500 except a phone which cost $700. A couple of cars less than $4500 each! So all our biggest purchases are houses But we do spend some money on air fares and while travelling spend on food and purchases and sometimes such purchases are wasteful.

 

[Shaneelastic]

- daily coffee
- good grog
- holidays
- 2/3 hat restaurants in Melbourne every few months
- eat out at least 1 a week

 

[westminster]

I blew $50 on a spa pedicure for myself and toenail polish for DD5. She is now sporting bright pink toes and I have deep red. The weather is warming up and I might get out the sandals this week so I decided it was pretty toes time.

 

[dreamgirl]

I buy books and I am sure I will never read some of them! That's probably an addiction as I don't smoke and drink rarely!

Guilty! I'm always magnetised to the book section at Big W.
And I have to refrain from tapping my iBooks app on my phone.
Otherwise, it could be costly!
Currently readiing James Lee Burke's Light of the World... or trying to!

 

[Singo]

Guilty! I'm always magnetised to the book section at Big W.
And I have to refrain from tapping my iBooks app on my phone.
Otherwise, it could be costly!
Currently readiing James Lee Burke's Light of the World... or trying to!

I don't buy digital books. Otherwise we would have been bankrupt or something! And I have a self imposed rule of seeking permission from wife to buy books online What costs more is dymocks! But the addiction is under control in recent times and I reckon I will "quit" soon.

 

[INVSTOR]

I love Perth; a fair bit north of Melb, and milder in winter.

Hot in summer - which I love.

Also areas such as Byron Bay...not really cold, not too hot....lots more warmer periods overall.

I always reckon that Melb winter starts on Anzac Day, and ends on Melb Cup day.

Yes, IMO it stopped being winter in Perth two days ago, but seeing people in Qld complaining how hot it was I decided to just enjoy the cool. Is their a butterfly and fly plague in Perth??

 

[robbiejuve]

Gotta live life mate, already had a couple mates not go past 30, have to smell the roses just in case. But if I do make it, I got that covered as well, otherwise nieces and nephews are laughing.

 

[devank]

Of course; I expect this to be a very short thread, because we are all committed property investors...

Whoops... going to pass the 4th page too

 

[fokas]

I find it so hard to give up my daily coffee... I know it's a waste of $35 a fortnight but I feel like I "need" my caffeine. Silly Fokas!

 

[wylie]

I find it so hard to give up my daily coffee... I know it's a waste of $35 a fortnight but I feel like I "need" my caffeine. Silly Fokas!

Not silly at all. It was our doing without (within reason) when we were younger, that meant we could acquire properties (slowly) and has meant that now in our early 50s we can pretty much do what we want, spend what we want (within reason) and have a nice balance.

 

[cimbom]

My splurges are books, household items/decorating and travel. Saving up for a big trip next year which I'm really looking forward to but at the same time, feel a bit guilty about

 

[Orks]

$250k for a nice place? I'd like to see that...down our way that's maybe a major doer-upper, or a mobile home in the trailer park out near the freeway.

Land starts at that figure and higher down here...and that's in the "war-torn Beirut" section with all the druggies, ferals and skanks with the car-wreck and pit-bull front yards.

Sounds simple; sell and downsize. That is the obvious and easy way out right now, and every couple of months we talk about it again, and both can't bring ourselves to do it.

It's been covered in another thread, but briefly; we are in a dilemma between immediate financial peace if we sell, and - if we sell right now - we will miss this next supposed wave of value increases that everyone is talking about lately..

To sell (for me) will signify a really big failure from all I've strived and worked so hard for, and gone without for.

To do that AND see the place maybe double in value the next 5-10 years...and miss out on that....I reckon I'd become like Michael Douglas in "Falling Down".

Now that we finally have a tenant (moved in yesterday supposedly), and with the wife back at work after maternity leave for a year, things might ease up once we are able to turn a deficit into a surplus.

Working on improving the business too, of course.

Sorry, I meant downgrade to a $750k place and bank $250k. But it seems you attach a huge amount of importance to staying in your house.

 

[Deltaberry]

Fine dining, drinking, flying bus class, driving to work everyday, staying at exp hotels etc. Could save a bucket load if cut all that back.

 

[xactly]

Surfboards
iBooks. Love em.
Magazines.
Was looking seriously at a smick new road bike. Pricey but so beautiful...was complaining mine is too slow.

Dearest supportive partner took one look and said ... Nothing wrong with your current roadbike...

You just need to fix the engine...

Have decided to keep money and pedal faster.
Curses.

Xactly

 

[Intrinsic_Value]

My wasteful expenditure is directly proportional to my income generated over the last year.

I have a 'wasteful expenditure' allowance of 10% of my income.

So where is it currently going:
(a) going to a bar, why buy a glass, open a bottle preferably JW gold or above. They will hold the bottle for the next time you come
(b) feel like live crab tonight, hop on over to the nearby chinese restaurant and order take away
(c) cigarettes and take home alcohol
(d)) entertaining and catching up with friends, head off to the local underground Chinese Karaoke complete with hostesses who will drink and sing with you for $80 per hour.


(d) does wonders to blow the 10% allowance, especially if its an all nighter (they just shut the doors after official trading hours and like a casino, you run the real danger of leaving as the sun is rising)

 

[kathryn d]

I don't mind 'wasting' money to be blonde. I look fugly as a brunette - when your grandmother tells you in no uncertain terms that, 'I hate it! Dark hair really doesn't suit you, love', you realise the cold, harsh reality that money is going to have to be invested on peroxide and a qualified hand is going to have to apply it. So, I spend between $50 to $150 every month in my desperate attempt to be a blonde bombshell and keep my old Nan happy .

You can buy coloring at the store for under $10.
Rob has been coloring my hair for me since we married 11 years ago.

 

[geoffw]

I used to have some very wasteful expenditure when my income was high. But after some years with the business drawing minimal income there's a lot of things I now do without, and most of those things I don't miss at all. The big thing I missed was the lack of servicibility to buy more- a lot of the business profit went to reducing the high interest loan.

I think that now, as a result, our passive income will fund us much better.

 

[kathryn d]

But after some years with the business drawing minimal income there's a lot of things I now do without, and most of those things I don't miss at all. The big thing I missed was the lack of servicibility to buy more- a lot of the business profit went to reducing the high interest loan.

I think that now, as a result, our passive income will fund us much better.

That's very similar to why I want to pay off our P & I mortgages.Insteading of buying more properties to increase profits, this will have the same effect without incurring more hassles from tenants or extra repair/ maintenace.

(other reasons too, such as I think interest rates are going to go a lot higher, and there will be a major world economic correction in my lifetime)

 

[gottabespotless]

You can buy coloring at the store for under $10.
Rob has been coloring my hair for me since we married 11 years ago.

I bought home-dye and did it myself for years, Kath. These days I'm willing to splurge a bit. I only ever asked dear hubby to do it once and in his reply he didn't need to use words to convince me that it wasn't a good idea - the petrified look on his face was enough.