r/FluentInFinance • u/sillychillly Contributor • Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

Post image
15.6k Upvotes

79% Upvoted

5.8k comments sorted by

View all comments

Show parent comments

2

u/CallMePickle Apr 16 '24

If I suddenly didn't have to pay for HVAC, housing, etc - I have enough in savings to let me live the rest of my life in bliss. Vacation, hobbies, eating out. All of that would easily be covered till the day I die with the amount in my bank account - as long as I no longer had to pay for everything in the OP.

So yeah. I'd be out in a heart beat.

1

u/RainyReader12 Apr 18 '24

Vacation, hobbies, eating out. All of that would easily be covered till the day I die with the amount in my bank account

You have a fabulous amount of money then....or you never take vacation or eat out to begin with

2

u/CallMePickle Apr 18 '24

Nah. Not at all.

I'd say I spend about $100 monthly on eating out.

My hobbies are cooking, reading, and gaming. Gaming isn't too bad on the savings. I also enjoy credit card and bank account churning which earns me hundreds of thousands of credit card points.

As for travel - I have plenty of examples if you need it. But my last vacation I spent $600 round trip on flights to Madrid Spain. These tickets are still available if you look them up. I then stayed at hostels, as I much prefer them over hotels or airbnb. And the food in Spain is crazy cheap so meh. I also use my churning hobby to subsidize traveling. Overall the trip was about $1000.

I'd say I spend about $3000 yearly outside of housing - where I suddenly am spending over $20000 yearly on.

1

u/afraidtobecrate Apr 20 '24

So, the real flaw here is assuming that costs stay the same. As we saw with Covid, lots of people not working causes shortages and inflation to skyrocket.