Nix The Lawn Service?

Ty pays for his lawn to be mowed each week. His wife wants to cut this expense. What does Dave think? Dave thinks it depends on your income and your budget.

QUESTION: Ty on Facebook pays for his lawn to be mowed each week. His wife wants to cut this expense. What does Dave think? Dave thinks it depends on your income and your budget.

ANSWER: I think that depends on your personal income. If you are a vascular surgeon and you make $350,000 a year, I think lawn-cutting in your budget while you’re getting out of debt is very reasonable. If you make $26,000 a year, you probably need to cut your own lawn while you’re getting out of debt. Is that snobbish on my part to say that? Not a bit. It’s a matter of mathematics. What is your personal time worth in the marketplace and should you be doing some of that in the marketplace to get out of debt rather than cutting the lawn? If you’re an attorney and you bill at $400 an hour, you’re probably better off doing a little more attorney work at $400 an hour if you’re trying to get out of debt than be out there pushing a lawnmower around. If you make $12 an hour, you’d probably be better off pushing a lawnmower around, wouldn’t you? And I’ve made both, by the way. I’m not afraid to push a lawnmower. I don’t push one today, I can tell you. I cut enough grass by the time I was 18 years old that God said I never had to do it again.

The answer to the question as to whether this is a luxury has to do with your personal income. That’s the way I would look at this.