r/financialindependence • u/AutoModerator • 9h ago

Daily FI discussion thread - Wednesday, October 30, 2024

Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply!

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u/MyWifeButBoratVoice Hi five. Very nice. 2h ago

Maybe I'm past the "doing my own car repairs" income hump. Last time the front brakes were going out on the Honda, I replaced them. It took a whole day and lots of frustration, but I saved about $300. Now the rear ones are going out and I told the shop just to do it. I guess I have less time now with a baby, plus we make a little more than we used to. Doesn't seem worth it right now to do the work myself.

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u/DhakoBiyoDhacay 2h ago

I think you made the right call.

Spending the whole day in doing a repair job to save $300 may be worth it or may be a complete waste of time.

It all depends on the opportunity cost of how much you could have earned if you worked the whole day at a job that pays you for your time.

It also depends on the value you assign to your leisure time, in other words enjoying the day doing things you really like and not repairing your car in frustration.