Money Quote Friday – Ridiculous Yachts & Private Planes Edition.
Have a great weekend…
Have a great weekend…
Since we had to take our 15 year old cat to the vet, it got me thinking about the varying costs of owning different pets. We would not want any other animal right now as he has been hanging out with me since college and he is kind of like a dog in that he fetches, he asks for his food, he sits when told…and on top of that he likes olive oil, mangos, red peppers and various other strange foods for a cat. But anyways…it got me thinking and I decided to go look up some numbers on pet ownership. If you are thinking of getting a new pet, be sure that you know ahead of time what it will cost you annually!
I am not talking about income tax – that’s an entirely different subject and one I don’t want to get into here. I am OK with paying taxes; I understand that is how society works and stays in business. But what I want to talk about in this post are the fees, taxes, charges, etc. that are on every single bill or service that we have to pay for, from the smallest little thing all the way to some of the biggest purchases that we make. In order to get a fuller picture of just how much of my money goes out the door each month in these charges, I went back through a month’s worth of bills…and this is what I found out.
And I am paying mine online with a credit card by using officialpayments.com again, in order to get a few more rail miles in my Amtrak Guest Rewards account. Since my estimated Federal payment is almost $3,000, that’s an additional 3,000 miles towards a free bedroom upgrade on Amtrak. In just one year of making estimated payments, I have enough miles for a free upgrade worth upwards of $500 – not a bad trade for $200 in fees over the year.
The sky is falling. We hear about it every day. The stock market is plunging, the housing bubble has exploded, and the list of doom and gloom goes on and on. How did we get here? We consider ourselves a bright nation. Why then, didn’t we see this coming? Did we get too greedy? Did we lose our common sense? Perhaps it was a little of both. What is important is what we have learned from our mistakes and the knowledge we pass down to our children to help them avoid a similar fate.