We have had large expenditure over last few years - house deposits, house upgrades, car upgrades, assisting familly, one off holidays like disneyland. Circa 500k over last 6 years. This was done from savings.
Deposit 84kCan you detail out this 500k spend? Did you buy more than one property in the last 6 years?
It’s spent now but regardless of the incomes I feel there is over spending.
I wonder one day wiIl we regret missing out on time with the kids. It doesn't seem that way at the minute. By time we know for sure it will either be just fine or too late to change!You seem to be in a good place.
However I’d have a think about the kids aspect. Childcare and time with them. How is the work life balance at the moment? Will that work with 2 teens?
We found childcare for teens much harder than for younger kids, 3 months holiday.. and I know there are a gazillion summer camps. It wasn’t so much finding places for them to go (they were sporty musical and arty) but taking 2 months off to learn to sail with them, a week to go skiing, these things weren’t going to fly with my then employer so I moved and “downsized” my career, then my partner did the same. We can’t retire early but we all had a blast.
Just another angle. Ignore if by all means
Me too!Yeah it’s probably not over spending, I am just somehow irked that with that level of income and ages that there isn’t a 1m+ pension pot, a mortgage free house and plenty of cash. But with some changes that is what is down the line.
And frankly learning to sail in Greece, all 5 of us, was worth every single career rung. Sure we could have retired early and learned to sail now, but the kids are now busy building careers and can’t come
Deposit 84k
House renovation 200k
Car 60k
Family 50k
Mortgage adhoc payments 80k
One-off holidays 20k
No doubt we could be more frugal. Your note on 7.5k per month is under review!
Is it "overspending" if we can afford it and are not in debt?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?