People don’t understand what they don’t know. My friends go away for two weeks in the summer and blow 5-6,000 dollars in a couple of weeks. They extrapolate that to the whole year and think you must spend the same. They forget that many countries are way cheaper, that when they are at home they don’t eat out three times a day and get hammered every night and that I don’t do that when traveling. The main thing is that people are jealous and they try to create a reason why it’s not possible for them, or why they are not doing it. The real reason is they are too lazy or scared or something else but it’s easier to put a very high financial obstacle to show that it’s not their fault and use this to explain it away. Honestly anyone I care about doesn’t ask the question

Most likely the issue comes on when you try to return to the EU in the future, you could be denied. Spain, Portugal and Italy are notoriously lax in this regard of fining people from the US or UK or other developed countries for overstaying. It may happen it may not. There was a US couple who overstayed six months and left through Italy with no problems (they were advised on Reddit to change their departure point from Germany). It’s your choice to risk it or not