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Old 10-16-2015, 03:27 PM   #41
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90 bucks a month is around 3 dollars a day.. or one dollar per meal. This doesn't include any sort of thing like spices, pantry items, tp, laundry detergent. I also don't think 5 bucks a day is going to keep you in cars and gas for the next 25 years.

So you own some type of mobile home/trailer that you will be living in?
Where is the 140K you are going to bump up your savings with coming from? Are you going to be saving over 20k a year from your paycheck? I think I agree with your planner that the numbers are not there yet.
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Old 10-16-2015, 05:04 PM   #42
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Originally Posted by ivinsfan View Post
90 bucks a month is around 3 dollars a day.. or one dollar per meal. This doesn't include any sort of thing like spices, pantry items, tp, laundry detergent. I also don't think 5 bucks a day is going to keep you in cars and gas for the next 25 years.

So you own some type of mobile home/trailer that you will be living in?
Where is the 140K you are going to bump up your savings with coming from? Are you going to be saving over 20k a year from your paycheck? I think I agree with your planner that the numbers are not there yet.
My car is brand new and I will not be driving it much, if at all. Gas should be fine. Most of the $ in that category is for registration & insurance.

Yes, I will be in a trailer with free rent/utilities.

In $'s, I'm currently putting $18.3K in my 401K annually. I'm also currently putting $7,800 annually in savings, which will be bumped up after one debt is paid off to $11,050 annually, and then again bumped up to $25,350 annually when my last debt is paid off. All of that takes place in the next 7 yrs pre-retirement.
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Old 10-16-2015, 07:46 PM   #43
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My car is brand new and I will not be driving it much, if at all. Gas should be fine. Most of the $ in that category is for registration & insurance.

Yes, I will be in a trailer with free rent/utilities.

In $'s, I'm currently putting $18.3K in my 401K annually. I'm also currently putting $7,800 annually in savings, which will be bumped up after one debt is paid off to $11,050 annually, and then again bumped up to $25,350 annually when my last debt is paid off. All of that takes place in the next 7 yrs pre-retirement.
When you hit that 25,350 mark another extra year or 2 of work will really help the savings and by then you should have your living/spending ideas fine tuned. Good Luck! I think you will know more five years down the road.
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Old 10-16-2015, 08:29 PM   #44
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Originally Posted by ivinsfan View Post
Wow, how much did this WAG cost you? That's just silly.....if you want to share more info you can get some opinions here.

You beat me to it! OP- average in California- I lived in California my entire life and expenses are generally higher than lower COL states.

I think the scariest emergency situations would involve your health or-- I think you mentioned a pet. Either one could be a big hit orbit was not covered by insurance.

Do you have any type of plan to try to earn a few bucks a month when you retire? Like doing something crafty in Etsy?


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