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Re:25% of Americans say they worry about money ‘all the time’ by sokoloff on Tuesday May 28, 2019 @01:23PM (#20032226)
Once our house is paid off (about 8 more years), the same would be true for us and we are not living a Spartan lifestyle even now (I'm also using the 3.5% SWR for planning).

Even if I could shorten the time-to-full-retirement by a couple years, it wouldn't do me any particular good. I generally like my field and my job. I'm tied to the area (can't freely travel 25+% of the time) by virtue of having kids in 2nd and 4th grade. So, there's no mathematical/financial reason to pursue a more Spartan early-retirement-extreme or MMM-approved spending plan.

With that in mind, I find I'm able to enjoy the luxury expenditures, because they aren't taking us off our plan. We travel for a week each winter to "someplace warm". We travel to visit family quite freely. The kids engage in whatever activities they want to try, without worrying about the costs. We own an airplane. We have cleaners that come by every other week. We buy quality food. We give to charities that are meaningful to us (many with money, some with significant amounts of our time as well).

On the other hand, we cut our own grass, do 95+% of our own car maintenance, almost all of our home maintenance, and cook most of our own meals, because we value the savings and example it sets for our kids (especially around charity and talking through the value of money).

Re:25% of Americans say they worry about money ‘all the time’ by theNJR on Tuesday May 28, 2019 @01:34PM (#20032370)
>We own an airplane.

That escalated quickly!

Re:25% of Americans say they worry about money ‘all the time’ by sokoloff on Tuesday May 28, 2019 @01:36PM (#20032400)
They're a lot less expensive than most people first think. (think "price of a fairly nice car" not "price of a nice house"; though obviously they go up in price to "whatever number you have in mind", most are in the 5-figure or just barely-6-figure range.)
Re:25% of Americans say they worry about money ‘all the time’ by astura on Tuesday May 28, 2019 @02:00PM (#20032655)
What about the upkeep, insurance, storage, and maintenance? I suspect(?) those would be substantial.
Re:25% of Americans say they worry about money ‘all the time’ by sokoloff on Tuesday May 28, 2019 @06:13PM (#20034937)
Similar order of magnitude as owning a ski or other boat over 21' or so. Not "cheap", but not outrageous.
Re:25% of Americans say they worry about money ‘all the time’ by RickJWagner on Tuesday May 28, 2019 @05:19PM (#20034527)
Holy cow.

I applaud your good fiscal management. At the same time, I hope you give serious consideration to treating home-brewed automobile maintenance differently than airplane maintenance.

Re:25% of Americans say they worry about money ‘all the time’ by Djvacto on Tuesday May 28, 2019 @01:41PM (#20032445)
How does owning an airplane change your personal travel? Like, what kind of logistics go into travelling with a privately-owned plane? Or is it timeshare'd and someone else handles the stuff that has to do with getting a flight path, etc?

Or is it a recreational airplane and all my questions are missing the mark?

Re:25% of Americans say they worry about money ‘all the time’ by sokoloff on Tuesday May 28, 2019 @01:50PM (#20032558)
It's a recreational airplane, but we do use it for some purposeful travel. (A36-single engine piston [propeller], 2 crew seats and 4 passenger seats, ~200mph) My parents are about 700 miles away and my wife's parents are about 625 miles away, both of which are an easy non-stop flight, provided my kids can "hold it". ("Lavatories are located at either end of the flight.")

When you compare against super-discount airline airfares for 4 tickets, "our" airplane is slightly cheaper to decide to take it instead of airlines. There are many days when weather-wise it's safe to go by airline jet but unsafe by small airplane. (Of course, there's a massive overhead to that calculus, but day-of-travel is slightly cheaper.) Flight planning and pilot training is time-consuming, so it only makes sense if you already wanted to do that as your hobby. Absent a real desire to do it, it's not worth the time, cost, and risk. Take the airlines or drive.

Re:25% of Americans say they worry about money ‘all the time’ by Djvacto on Tuesday May 28, 2019 @03:26PM (#20033451)
Thanks for the awesome reply!

Do you know much about the environmental/carbon cost comparison between your plane and an airline jet?

I am guessing the smaller plane is better, consumption-wise with gas used per person, than an airline jet?

Re:25% of Americans say they worry about money ‘all the time’ by sokoloff on Tuesday May 28, 2019 @06:10PM (#20034917)
I've never done the math prior to today. I'll make an honest attempt at it and post the answer I come up with, regardless of whether it makes me look good or bad. :)

For the trip to my parents, I have a choice to fly commercial into Myrtle Beach, to fly private into the small airport near their house, or to drive. I'll consider CO2e and a 4-passenger load.

Commercial: 760nm->1300km(693 flight plan plus 10% uplift for ground ops and APU) => 328kg CO2e + 180 miles of airport transport by car => 32 kg CO2e => 360 kg total

Private car: 30mpg, 4 pax, 844 sm => 149 kg CO2e (burning ~28 gallons). (Also is a 14 hour drive, so miserable.)

Our airplane: 616nm => 1200km (including a 5% uplift for climb and ground ops), at 11nmpg, burning about 60 gallons, which matches our actual historical fuel purchases quite closely. Assuming same CO2e/gal as a car => 320 kg CO2e Add 100 miles or so of ground transport and that puts you around 18 kg for the cars and 338 kg total. (Distance is less because we go to an airport that is closer to my home airport and much closer to my parents' house.)

So it looks remarkably close on the airplane side, if the commercial airline figures below are accurate. I'm quite confident the car and our airplane figures are ballpark close enough (absent a math error). That also requires taking a direct flight, which is not always possible (the direct is seasonal). The emissions on connecting flights are much worse than the above with twice as many ground operations. (Jets can burn ~1/3 of their cruise fuel flow while idling on the ground. Pistons are more like 1/6th.)

Refs: http://lipasto.vtt.fi/yksikkopaastot/henkiloliikennee/ilmali... http://lipasto.vtt.fi/yksikkopaastot/henkiloliikennee/tielii...