Savers, do you ever treat yourself when you get a big raise or bonus or capital gain?

[Anonymous]

Anonymous wrote:I'm as frugal as they come but if we made 360k yes I'd get a new car, go on a nice trip, or do a home renovation.

I think the question is if OP is living a 360K lifestyle. You can make a lot but if you have a high mortgage and have a summer home, kids in private school, very nice cars etc, that's a different story from 360K living in a 900K home, kids in public school, modest vacations, normally get used cars etc. If Op has always lived way below means and has that much banked that he would hardly miss the money on the car that's different than only being able to get the car because you had this bonus.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a saver, I don't usually splurge after getting a bonus but if I really want something like a new handbag or designer sunglasses I will buy it. I cut back everywhere else and save almost my entire paycheck. But a big splurge no I don't I'm a saver and having money in the bank is more important to me.

How do you save 'almost your entire paycheck'? What about rent/mortgage, basic clothing, taxes, food, transportation........?

I have been a live in nanny for 15 years. After taxes I take home about 45,000 a year. I have no bills my employers pay for my health insurance, cell phone, car insurance, gym membership. I don't spend money on food. I eat what they have in the house. I am also a couponer and get snack food and all toiletries for free. I do spend money on clothes, purses and sometimes vacations. But I travel to wonderful destinations both domestic and abroad with my employers for free. I also have no housing or transportation costs as I live in. I've been able to save around 700k doing this. I also own a home in my home state worth about 200k that I just paid off in June. I had a 15 year mortgage on it and have rented it out all these years as I have been a live in nanny. When I retire I plan on living in my paid off home but until then I just collect the rent as income now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm as frugal as they come but if we made 360k yes I'd get a new car, go on a nice trip, or do a home renovation.

I think the question is if OP is living a 360K lifestyle. You can make a lot but if you have a high mortgage and have a summer home, kids in private school, very nice cars etc, that's a different story from 360K living in a 900K home, kids in public school, modest vacations, normally get used cars etc. If Op has always lived way below means and has that much banked that he would hardly miss the money on the car that's different than only being able to get the car because you had this bonus.

What is a $350K HHI "lifestyle" compared to a $500K HHI lifestyle in this area?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a saver, I don't usually splurge after getting a bonus but if I really want something like a new handbag or designer sunglasses I will buy it. I cut back everywhere else and save almost my entire paycheck. But a big splurge no I don't I'm a saver and having money in the bank is more important to me.

How do you save 'almost your entire paycheck'? What about rent/mortgage, basic clothing, taxes, food, transportation........?

I have been a live in nanny for 15 years. After taxes I take home about 45,000 a year. I have no bills my employers pay for my health insurance, cell phone, car insurance, gym membership. I don't spend money on food. I eat what they have in the house. I am also a couponer and get snack food and all toiletries for free. I do spend money on clothes, purses and sometimes vacations. But I travel to wonderful destinations both domestic and abroad with my employers for free. I also have no housing or transportation costs as I live in. I've been able to save around 700k doing this. I also own a home in my home state worth about 200k that I just paid off in June. I had a 15 year mortgage on it and have rented it out all these years as I have been a live in nanny. When I retire I plan on living in my paid off home but until then I just collect the rent as income now.

You could give personal finance lessons to all of us!

[Anonymous]

Anonymous wrote:I'm a saver however when we are doing better financially, we are more likely to take a vacation to a nicer place. We will still say at the same types of cheap places but will go to a nicer destination ie Paris versus CA.

Cheap places?
How sad.
Why go to Paris to stay in a cheap place?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm a saver however when we are doing better financially, we are more likely to take a vacation to a nicer place. We will still say at the same types of cheap places but will go to a nicer destination ie Paris versus CA.

Cheap places?
How sad.
Why go to Paris to stay in a cheap place?

We use our hotel just to crash. We are always on the go. If I wanted to stay at a nice place, I'll just stay in my beautiful home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm a saver however when we are doing better financially, we are more likely to take a vacation to a nicer place. We will still say at the same types of cheap places but will go to a nicer destination ie Paris versus CA.

Cheap places?
How sad.
Why go to Paris to stay in a cheap place?

We use our hotel just to crash. We are always on the go. If I wanted to stay at a nice place, I'll just stay in my beautiful home.

We use our hotel to sleep to but i want a nice place.
A good location, no bed bugs.
The hotel makes the vacation.

[Anonymous]

this is the OP. I decided to invest, not splurge. keep the old truck, buy more real estate.

[Anonymous]

I let myself spend a bit of it - typically about 20% - on whatever I want. If it's a big bonus, I'll do a lower %.

You could probably rationalize a new (gently used) car because 150K is a lot of miles and eventually you'll get hit with some expensive repairs. Shop around for a good price for the master bathroom.

[Anonymous]

DH just had $160K stock grants vest the other day. Without any fanfare the money went into our brokerage account.

We need to get better at loosening up and enjoying his hard earned money.

[Anonymous]

Anonymous wrote:DH just had $160K stock grants vest the other day. Without any fanfare the money went into our brokerage account.

We need to get better at loosening up and enjoying his hard earned money.

Nice humblebrag bump