Finance Dave
Thinks s/he gets paid by the post
- Joined
- Mar 29, 2007
- Messages
- 1,861
Please take my below comment as sarcasm.
So you would actually spend less in years when your portfolio was down? I would never think of spending below my means...I deserve to live large at all times.
It's great that most on this forum are responsible enough to do just what you describe...I see too many people that are the other way.
So you would actually spend less in years when your portfolio was down? I would never think of spending below my means...I deserve to live large at all times.
It's great that most on this forum are responsible enough to do just what you describe...I see too many people that are the other way.
That is how we set our planned ER budget up. Roughly $30k a year to cover basic spending for our family. Then another $5-6k for amortized replacement costs (major home repair/replacements/upgrades and car replacements). Then $10-12k a year for fun and travel. If our portfolio took a big hit and remained depressed for multiple years, we would always trim back the amortized replacement costs and the fun/travel budget a little.