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Started By
Message
Am I okay with my current financial situation to join a country club?
Posted on 3/24/23 at 11:16 am
Posted on 3/24/23 at 11:16 am
My monthly take home pay, after taxes, is around $7000. Around $3000 of my income goes towards:
1. Mortgage
2. HOA
3. Streaming services
4. Car insurance
My wife works and she handles:
1. Utilities
2. Cable/Internet
3. Childcare(1)
4. Most of the groceries
We are both remote and so don’t have to worry with gas much and both our cars are paid off with less than 50k miles. We have no debt besides small student loans she currently has and is handling.
This country club membership would be around $280 a month. I guess I’m looking for reassurance that I’m okay to join haha.
I’ll have around $3500 a month to spend on miscellaneous stuff then invest the rest using my financial advisor.
1. Mortgage
2. HOA
3. Streaming services
4. Car insurance
My wife works and she handles:
1. Utilities
2. Cable/Internet
3. Childcare(1)
4. Most of the groceries
We are both remote and so don’t have to worry with gas much and both our cars are paid off with less than 50k miles. We have no debt besides small student loans she currently has and is handling.
This country club membership would be around $280 a month. I guess I’m looking for reassurance that I’m okay to join haha.
I’ll have around $3500 a month to spend on miscellaneous stuff then invest the rest using my financial advisor.
This post was edited on 3/24/23 at 11:31 am
21
Posted on 3/24/23 at 11:32 am to Geralt of Rivia
Live a little. Join.
What’s the worst that will happen, you resign and save the money each month.
Somebody in here will tell you to invest it instead blah blah blah and they may have a point, but after burying a 47 year old friend last week I’ll say enjoy life a little. It’s short.
What’s the worst that will happen, you resign and save the money each month.
Somebody in here will tell you to invest it instead blah blah blah and they may have a point, but after burying a 47 year old friend last week I’ll say enjoy life a little. It’s short.
Posted on 3/24/23 at 11:33 am to Geralt of Rivia
So you make like 80k a year and you want to join a country club? This seems to confirm my suspicions about country clubs
Posted on 3/24/23 at 11:38 am to Geralt of Rivia
Do you want advice or do you want me to keep doing bits?
If a pool is part of it I would suspect the maintenance on my pool I never use is like 100 bucks a month
I have a pretty good bit cued up
ETA: what is your salary now that you said the show was too woke and you quit?
If a pool is part of it I would suspect the maintenance on my pool I never use is like 100 bucks a month
I have a pretty good bit cued up
ETA: what is your salary now that you said the show was too woke and you quit?
This post was edited on 3/24/23 at 11:39 am
Posted on 3/24/23 at 11:50 am to Im4datigers
quote:
Live a little. Join.
Thanks. My thoughts too, worst case seems to be I cancel down the road.
Posted on 3/24/23 at 11:53 am to Geralt of Rivia
Like if you’re doing this to get access to a pool it’s probably not a bad idea but I think it’s gonna end up being more than 280 a month once they nickel and dime you
Posted on 3/24/23 at 11:58 am to el Gaucho
With meals and cocktails that $280 soon becomes over $400 a month.
Posted on 3/24/23 at 12:06 pm to Paul Allen
Membership includes pool, golf, tennis and social activities.
True on the booze/food; however, it’ll just be there instead of other places I currently go to
True on the booze/food; however, it’ll just be there instead of other places I currently go to
Posted on 3/24/23 at 12:08 pm to Geralt of Rivia
Don't over-complicate it.
If you can meet your short- and long-term goals while also paying to go to your country club, then do it if you want. Like someone else said, if you join and feel like it's too much, resign your membership. Problem solved.
Consider also how much quicker you might be able to reach certain goals if you use the $280 elsewhere. That may be a reason not to join.
If you can meet your short- and long-term goals while also paying to go to your country club, then do it if you want. Like someone else said, if you join and feel like it's too much, resign your membership. Problem solved.
Consider also how much quicker you might be able to reach certain goals if you use the $280 elsewhere. That may be a reason not to join.
Posted on 3/24/23 at 12:24 pm to Geralt of Rivia
Even at $400 a month for entertainment isn't bad. Especially if you have friends/family that are members. Also not a bad place to network.
Does your pay after taxes include already paying for health insurance and 401k?
Does your pay after taxes include already paying for health insurance and 401k?
Posted on 3/24/23 at 12:25 pm to LSUSUPERSTAR
quote:
Does your pay after taxes include already paying for health insurance and 401k?
Yes and yes. 6% 401k
Posted on 3/24/23 at 12:29 pm to Geralt of Rivia
quote:
My salary is 130k
yet you don't know if you can afford $280 a month? Seems a bit suspicious, registered-in-2023-poster..
Posted on 3/24/23 at 12:36 pm to WG_Dawg
Is there an initiation fee? Our club bill is about $1k a month give or take. But we live in the neighborhood, eat there a few nights a week, go lay golf weekly and all of our friends are members. Couldn’t imagine not being a part of this. Yea it’s expensive but we really enjoy it. As long as you have all your other finances in order, give it a shot. If there is a hefty initiation fee, might need consider it being at least a few year commitment.
Posted on 3/24/23 at 12:39 pm to buffbraz
It’s 5k one time initiation fee. Jumps to 9k next month.
Posted on 3/24/23 at 12:44 pm to Geralt of Rivia
Well then it’s now or never. Don’t wait until next month.
Posted on 3/24/23 at 12:48 pm to Geralt of Rivia
Invest the money, buy the Country Club
Or
Play golf and enjoy life
Or
Play golf and enjoy life
Posted on 3/24/23 at 12:48 pm to buffbraz
So you alone make 7k and your wife makes additional money. You should easily be able to afford this
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