Originally Posted by Golden sunsets
How is it that you live so far below your income but you have saved so little?
I only recently began living well below my income.
1. I earned less than $30k until 2000, and less than $40k until 2008.
2. Short failed marriage with a spender in too big of a house.
3. Bought a fixer after the divorce and basically gutted it, re-doing electrical, plumbing, foundation repair, new kitchen, built a garage, sunroom, decks, etc. Total $40k in renos, but could have been much higher as I did all of the work myself, other than the foundation repair.
4. Bought back almost 4 years of pensionable service ($21k).