My $12,000 in rental payments (plus any immaterial capital appreciation and expense offsets associated with owning a home) wouldn’t even have come close to $45,000. That’s because the S&P put up a freak 30% gain in 2019. If I bought this house (or one like it) outright, the opportunity cost of having that equity in the house would have been $45,000 in 2019 alone. The house we are in is probably worth $150,000 on the high end. We could pay cash for a decent house that would suit our needs. We are in an extremely competitive market that is distorted by vacation rentals. There isn’t much room for optimization here. It’s a nice little two-bedroom in close proximity to the ski slopes and all we really need at this point.
We have been in the same house for 3 years with no rent increases. We sold our house down south when we moved to New England and have been renting ever since. Max Out of Pocket’s 2019 Spending HousingĬoming in at a nice even $12,000, housing represents about 23% of our 2019 annual spending. But it can also cause us to overlook companies like Netflix or Spectrum sneaking in little price increases without us noticing.
Max out of pocket cash donations 2017 full#
When everything is set to auto-pay the full balance every month, it is easy to get a bit lazy. Until this last weekend, I hadn’t even looked at our credit card detail in well over four months. I mentioned this a few times already, but these days, I have been a bit lax keeping up with our expense tracking. I am really only sharing these numbers to try and benefit those lost in one of those mirror mazes with no idea where they stand.
Max on the other hand? I am completely happy where things are. While others will see the same information and think we might have a spending problem.
I suppose some people might look at this and say we are slumming it in a dark dungeon of frugal deprivation. That’s okay though, we are willing to spend some serious cash on the things we enjoy. The Max Out of Pocket crew had a pretty fun 2019 fun that is reflected in our 2019 expenses.
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