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Showing results for tags 'maintenance reserve'.
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Hello everyone. My name is Darby and I have a problem. Oh wait that isn't how intros work in this group? I'm a long time lurker of the mooneyspace.com forum and have recently been going through some major life changes that makes me want to give a little back to the community and push down the path of my own General Aviation adventure. My user name is "40-0 Flight" because that best sums it all up. I just turned 40 this month, have zero flight time, zero money, zero youth left, and only months from zero kids in the house... (Okay not really completely out of youth but man as I crest this hill the back side is looking steep! ) So now the real fun begins! While my current aspirations, and intentions are grand, my first little project is simple. I have built a mildly complex spread sheet with one purpose in mind. To give a real, true, and honest answer to the age old question. How much $$$ will this lovely addiction cost? The technical side of it is completely in my grasp..... The math I can even manage pretty good. What I'm missing is experience. I have casually researched and written things down for years, but want some real world experience to help flush out this little project with a strong dose of reality. Below I have included a live link and a screen shot of the spread sheet. I have 3 questions. 1. What are some other types of expenses you can think of that would fall into one of the 5 defined categories? ( 1 Time Cost, Maintenance Reserve, Annual Costs, Monthly costs, Hrly Costs) 2. What number does YOUR experience suggest you put to any of these items? (To protect the innocent or married, this question is OPTIONAL) 3. Did filling out the sheet with Your numbers give results You expected? I understand many of these numbers vary and there is no perfect answer to most these costs... BUT my goal for this tool is to make it easier for current or potential owner to play with those numbers based on THEIR belief, and see what that calculates out to in the end. I appreciate anyone and everyone's feedback, and look forward to sharing my future plans as well as making this tool open to the public. P.S. I picked MooneySpace.com for this, because this has always seemed to be my favorite location for info.. and my plane of choice would be a M20K 252. Link to Google Docs Spreadsheet
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