Money and costs.
I guess, for a variety of reasons, finally, in our 70's and after 40+ years of RVing in various forms, we seem to have a little more spendable cash. For example, we decided we wanted a bedroom window ...
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bid_time wrote:
I used that money by keeping it invested which paid 7 percent (approx.) (Average Annualized Return) in interest while over the same time my interest on the RV loan was 4.6 percent. I won by and average of 2.4 percent (approx.) interest to me over the 12 years of the RV loan. Got it Lucy? - Some people refer to that as smart debt.
Well stated!! I like your term "smart debt" ... I'll have to remember that.
Another smart debt thing we do is put most all expenditures all the time on a credit card that pays back 5% on fuel purchases, 3% on grocery purchases, and 1% on everything else. The pay back we get is in the form of a VISA gift card at the end of the year worth $500 - $800 to use for whatever we want - including the next RV trip in the new year.
P.S. We of course try to pay off the credit each month - but can't always ... as for example when our rig's transmission blows going out the driveway at the beginning of a multi-thousand-mile RV trip ... in which case the credit card serves as an excellent emergency cash reserve so that you can keep your real cash invested where it belongs elsewhere instead of unexpectedly in a remanufactured transmission. :( and ;)
