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Reply to "How to transition to spending more money"
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[quote=Anonymous]Not sure if I posted when this first went up but my income drastically increased about 5 years ago and so, in that time, we saved $1M b/c we didn't spend the extra income. Now, we are financially independent but still working b/c the kids are still in compulsory school and I love my job. I had been considering Amex Plat for awhile for travel b/c we do travel often. After my husband spend a lot of money on a long weekend in NYC, I looked at how the trip would have gone with AmEx and realized that we could have had a better trip and it could have cost less so I upgraded our travel about 2 years ago. That's been great! Like a poster said upthread, we too are going on a very expensive family vacation this summer and the price point wasn't our choice. I'm using it as a baseline budget for future travel. I want to take both kids on a fantastic graduation trip (from highschool) and will use this trip as the baseline budget. So far it's costing the entire family (extended) 60K. I think it will top 70K once all expenses are in. This is a two-bucket in-law idea and a long trip. But what I really want to do is update my modest SFH in near-in DC suburb. It doesn't need anything but it was last updated in the early 2000s when we purchased it. The thing is, that will involve adding an outdoor room, redoing the kitchen cabinets b/c the cheap box-parts are falling a part, all windows, the front door, should probbly redo the floor, redo one bath, at least...there's more. I have no idea where to start. I sort of feel like I need to hire a woman who'se done this already to be my spirt guide.[/quote]
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