My rule of thumb with my disposable income is to typically spend it relatively guilt free as long as I am hitting my savings goals, but this is a large purchase/commitment so want some guidance.
I love golf. It is about my only hobby, and I am very passionate about it. I am considering a country club membership that is not a wise financial decision but one that I believe would provide me great joy.
Background: 32 $90K/year income but about half comes quarterly No debt other than my mortgage. Payment is $1100 on a 20 year mortgage and my fiancé gives me $600/month to split bills semi even. $235K invested $100K home equity $22K emergency fund No other debts. No children for a little while.
I am not perfect in my investing, as I am only at 16% 401K contributions. I maximize my Roth and do deposit $500/month into a taxable account (I know this isn’t ideal when not maxing out my 401K). I increase the 401K annually and should have it maxed soon.
The membership is approximately $3K initiation and about $450/month in dues.
I currently spend about $1500/year on golf and about $70 a month in a driving range membership. All of that would be eliminated. I know I would get a lot of joy out of the membership but it is a large commitment and the “value” would be in enjoyment instead of breaking even financially.
How silly am I for considering this?
Submitted May 05, 2021 at 08:40PM by ActivateMyGlutes https://ift.tt/2RwjeS9
