How do you decide how much to spend on an RV
We've been RVing for 16-17 years now, and are looking for a new RV, but are struggling on how much we are willing to spend. We are pretty conservative when it comes to spending money. We really ...
Forum Discussion
BB_TX wrote:Michelle.S wrote:
Live for the day, you never know what tomorrow will bring.
Ahhh, and there is the issue. You might have many years of carefree life left. Or you may suddenly find you have major life events occur that suddenly turn your financial situation upside down and you struggle to make ends meet.
Having cash doesn’t necessarily mean you can go buy what you want when you want, unless you have plenty of it. Accidents and unexpected major illnesses do occur, often times severely affecting a person’s financial stability. I hope to never be a financial burden on my children. If only we could plan life so our last dollar was spent on a bottle of good brew to toast our passing. :B
Agreed, we are pretty conservative financially, so this is kinda out of our comfort zone. We could buy what we want cash, and still have a years expenses in cash, and like someone suggested, it would be less than 5% of our net worth. But we are in our mid 50s and working for another 7-8 years, so would only be able to use it for probably 30 nights a year.
This made me look at the cost per night over 10 years, and it would probably be $200 a night when you calculate depreciation.
I think I just talked myself into a $40k travel trailer :)
