How much of a problem would you consider this bill to be if you have this amount of money?

[Justwp]

If you had 60k in savings, which are added to by around 1k a month, to what extent would you consider it a problem to pay out 7k to fix something in your home? Not cosmetic, actual work that needed to be done.

Would it ruin your day? Feel a bit shit? Would it not bother you at all?

You sound like an unexpected cost has occurred or something inevitable either way:-

1. in denial that work needs to be done - rationally how essential is it?
2. shock of having to release savings that are being nurtured nicely
3. anger about loss of savings as these may have a more potent meaning to the person than the thing getting fixed?

Sure on a practical level it’s just a fad over 10% of savings with the capacity to replace fairly soon.

Plus if it makes it easier to part with the money…what does the cost of the repair mean - access to work, preserving an asset that maybe resold in future?

HTH

I would think “Thank god I have so much money I can afford this without even blinking”

I find this bizarre. Why would it bother you to repair something if you could afford to?

I hate spending money on things that are necessary 🤣 but I'm pragmatic enough to know that's precisely why I have savings. Money can be earnt.

thats the price of being a home owner

last year i shelled out £10k on totally boring shit. Roof, boiler etc. It stings but that’s life

It’s exactly what the savings are for. Plus it’s an investment in your property that’s going to give you a return so worth it.

id be more disgruntled about having the faff of doing building work and all that entails than the money aspect.

It would be a minor annoyance. We don’t have that sort of money currently in savings, maybe half that, and we’re looking at £50k to fix a collapsing wall due to storm damage (that insurance is likely to wiggle out of paying for). I would be annoyed with £7k, but grateful I had the funds.

I'd never be delighted at having to spend £7k on fixing anything.

However id be pretty pleased with myself that I was sufficient money already put aside for to cover this.

I would be thanks the heavens above that I had ample funds to cover a necessary and hefty bill and patting myself on the back for being a good saver (so far from that reality myself!)

On the basis that NOT paying it now would only lead (in all probability) to an even larger bill at a later date, I'd pay it quite happily.

It would depend what it was.

I find I'm usually OK with losing around 10% of my savings without it really affecting my mood.

When I was a student with £500 to my name I felt ok losing £50 to an unexpected event. When I had £5k dropping £500 felt ok.

£7k is a little over 10% but not hugely and would be recovered in just 7 months in that situation. If it was to replace something that would last decades, e.g a boiler then I'd be fine with it. If it was to replace something that may only last 1-2 years I'd be a little upset but get over it within a day.

Meh. Money is there to be spent and that £7k would be worth more to me having fixed an essential maintenance issue than as a number in my bank account.

Your line of thinking is dangerous - you don't want to get like those weird old people who live in falling down houses while beadily hoarding thousands of pounds in cash.

Well, I don't suppose anyone would realistically be jumping for joy about spending the money or the maintenance issue but I'd be grateful I had the money to fix it without sending me over the edge.

I’d be thankful I had the savings.

It would be what my savings were for. But any unexpected expense is a bit annoying.

I’d think, glad I’ve got some savings and don’t have to get a loan out/put it on a credit card.

I wouldn’t be thrilled about having to spend out a large sum of money on something mundane but these things have to be done.

I had savings that I used to buy our static caravan, it's what they were there for but I still felt a bit sick transferring the money over. I didn't grow up with money and paying thousands for anything still feels uncomfortable, however if the items/work is needed then after the transfer is complete I don't think about it

It would be a bit irritating, but I’d be grateful that I had the savings to pay for it.

Your house is the biggest investment you'd ever make. Essential maintenance is a no-brsiner. Get it done and thank God or whoever that you had the money for it. Or would you prefer to look at the money piling up with one eye and watch your house fall to ruin with the other?