View Poll Results: How much do you spend each year on quality of life

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  • <$5000

    11 39.29%
  • $5000-$12000

    7 25.00%
  • $12000-$24000

    3 10.71%
  • >$24000

    4 14.29%
  • Other (Please explain)

    3 10.71%
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Thread: The cost of "Quality of Life"

  1. #11
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    Re: The cost of "Quality of Life"

    Right now, I'd put the figure between $5K to $10K, but then motorsports is never an inexpensive hobby (tires, upgrades, maintenance, etc.)
    Don't really eat out more than once every few weeks. Movies and music used to be big things, but have waned.
    Computers are pretty cheap, much cheaper than they used to be. Cable, Internet, and smartphone are a must.

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    Re: The cost of "Quality of Life"

    Quote Originally Posted by Lutherf View Post
    In my experience that's where most people fall.

    A lot of people start out telling me that it's minimal but then I start asking about how often they buy lunch out or stop for a coffee and end up shocked at what it adds up to.
    Well, in all honesty, I eat out a couple of nights per week, but that always serves me two meals each outing (because my intake is about half of a standard restaurant meal, and take the rest home for dinner the next night), and it's less expensive for me, single, than buying groceries and cooking. I rarely eat lunch out, and never eat breakfast, so unnecessary food expenses are practically nil in my household.
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  3. #13
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    Re: The cost of "Quality of Life"

    Quote Originally Posted by Lutherf View Post
    I'm not talking about that stuff. That's all stuff I'd include under utilities or investment. What I'm talking about is eating out, going to the movies, buying new clothes, seeing a concert...that kind of stuff.
    Oh boy, if you include take-out Subway we might spend as much as $500/yr. Pity me.

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    Re: The cost of "Quality of Life"

    Most of what I spend is "quality of life" stuff.

    Eating out I don't really count as a "quality of life" thing. I'm single, live alone and a foot long sandwich at subway is cheaper than actually cooking.

    I have two car payments at the moment, even though I have a pickup and a car that are already paid for. Not to mention the added cost of insurance on 4 vehicles. I actually spend little for gas since I don't have to go to work everyday. Most of my monthly cost for gas is moving between my residence in Texas and a house I have been unable to sell yet in Oklahoma.
    Only a fool measures equality by results and not opportunities.

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    Re: The cost of "Quality of Life"

    I am guessing 5-12k/year. I have an old car and a motorycle in addition to our vehicles. We don't have to have the latest clothes and don't entertain alot. We generally take two vacations/year. Clearly we need more defined parameters to answer.

  6. #16
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    Re: The cost of "Quality of Life"

    Quote Originally Posted by Lutherf View Post
    I just finished working on a retirement budget for a client and, as usual, we talked about quality of life expenses. These are the expenses for such stuff as shopping for things you don't need, eating out and other entertainment.

    Having done this kind of thing for a while I see these calculations all over the board but I'm curious as to what the board has to say. The options are annual figures and choices are private.
    I get to old and poor to care for myself, I'll just blow my brains out.

    Problem solved.
    Fool me once, shame on you.
    Fool me twice....shame on me.

  7. #17
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    Re: The cost of "Quality of Life"

    Quote Originally Posted by TheGirlNextDoor View Post
    I get to old and poor to care for myself, I'll just blow my brains out.

    Problem solved.
    I wouldn't recommend that.

    Anyway, I'm not talking about saving for retirement. What I'm talking about is how much people spend for enjoyment of life and maintaining a particular lifestyle.

    One of the things that does come up regularly is people with teens tend to spend quite a bit along these lines though not necessarily for themselves but it seems to be rather cash intensive to keep teenagers in the style to which they would like to become accustomed.

  8. #18
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    Re: The cost of "Quality of Life"

    Quote Originally Posted by Lutherf View Post
    I wouldn't recommend that.

    Anyway, I'm not talking about saving for retirement. What I'm talking about is how much people spend for enjoyment of life and maintaining a particular lifestyle.

    One of the things that does come up regularly is people with teens tend to spend quite a bit along these lines though not necessarily for themselves but it seems to be rather cash intensive to keep teenagers in the style to which they would like to become accustomed.
    Well, I haven't had a real vacation in 15 years if that tells you anything. I barely have two dimes to rub together. I have a kid graduating high school next year and another the year after that.

    I have a 401k, money invested in etrade, and two pensions....however, I don't have extra money laying around to spend frivolously.

    I wish I did.

    I need a damn break.
    Fool me once, shame on you.
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  9. #19
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    Re: The cost of "Quality of Life"

    Quote Originally Posted by Lutherf View Post
    I wouldn't recommend that.

    Anyway, I'm not talking about saving for retirement. What I'm talking about is how much people spend for enjoyment of life and maintaining a particular lifestyle.

    One of the things that does come up regularly is people with teens tend to spend quite a bit along these lines though not necessarily for themselves but it seems to be rather cash intensive to keep teenagers in the style to which they would like to become accustomed.
    My life style is absurdly inexpensive and my entertainment is cheap. We just got back from a three hour hike and had a great time for exactly $00.00.

  10. #20
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    Re: The cost of "Quality of Life"

    Quote Originally Posted by sawyerloggingon View Post
    My life style is absurdly inexpensive and my entertainment is cheap. We just got back from a three hour hike and had a great time for exactly $00.00.
    This from the guy that "needed" a used sled and ended up with a 4 wheeler?

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