Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How much of savings to spend on single purchase"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]We have been wanting to do some remodeling on our house for some time, specifically finishing an unfinished basement for kids to have more room to play and remodeling a kitchen and 3 baths from the 1970s. Based on several estimates I am expecting this work will cost about $100K. DW says go ahead and do it. I like saving money and hate spending it perhaps to an unhealthy degree. Probably it is because while I have been relatively successful in my career, I grew up living paycheck to paycheck. Current finances look like this: Monthly take home: 10K Monthly expenses: 8K Liquid savings: $200K House is worth about $550K in current state DW says $100K emergency fund is enough. Probably she is right. But would you spend half your savings on these renovations? It took almost 5 years to save $100K![/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
