trail-explorer wrote:
At least 5 years ago I started putting money into an extra bank account I have.
I've turned that money into my "camping and recreation fund" savings account.
The money from that account goes towards fuel for my vacations and camping trips.
Because that money sits there and isn't used for anything else, it's not a huge hit to my main bank account to go camping.
This is also what I exactly done when I finally had the opportunity to obtain a Canadian Bank Account since 2009 and designated it as my "vacation and travel fund" as I generally take my vacations in Canada (except the past two COVID years of course)...
I had reached the "balance maxed out limit" over time in compliance without having to declare or report it to the feds (IRS) reference to the FBAR rules....In the meantime I can also exchange an unlimited amount of funds without tapping into my Canadian account balance (which I currently do) as the Canadian Dollar is still somewhat in the toilet compared to US Dollars....
Once the Canadian Dollar gets stronger again (at $1.15 CAD or lower per USD) I will pilf on the account and spend more out of it because of my gaining benefit side of purchasing power I invested over the years (balance sitting at flat $1.15 CAD)...
As my Canada vacations in total expenses average 68% in fuel purchases alone, that dictates whether I exchange money and spend it on fuel (still much higher than $1.15 exchange rate) and leave my account balance alone or whenever I decide to just tap into the account whenever I want knowing I got three or four vacation years sitting there to fund it !!!!
The down side to all this gas price drama we have to endure is that since I turned 16 years old, I have had to work two full time jobs for 41 years of the 44 total years that I have been in the workforce....
...Because - everytime I pull up to a gas pump . . .
I work for THE OIL COMPANY !!!!