Money Problems? All in Your Head?

[mickeyd]

This a nice little article that most of us can relate to. Please note that in the section entitled "Overspending" mentions "If you are overspending set some financial goals and create a spending plan that will require you to live within your means."

Not quite LBYM, but pretty close.

Another slice that I liked was~ "adopted her mother's assumption that "the universe will provide."

People, there's the worst! (Seinfeld)

http://online.wsj.com/public/resources/documents/SUN_-A001.pdf

 

[Spanky]

This a nice little article that most of us can relate to. Please note that in the section entitled "Overspending" mentions "If you are overspending set some financial goals and create a spending plan that will require you to live within your means."

Not quite LBYM, but pretty close.

Another slice that I liked was~ "adopted her mother's assumption that "the universe will provide."

People, there's the worst! (Seinfeld)

http://online.wsj.com/public/resources/documents/SUN_-A001.pdf

Obviously, everything in life is all in our heads. The article, however, offers some sage fixes or advice. Thanks for sharing.

 

[rodi]

Right below the main article on the page is one titled "Don't spend old age pinching pennies"... They offer 4 solutions. The first is "work longer". The last is "Cut Spending".

I think most folks here have figured out that cutting spending and fixed costs is the fastest way to ER since you'll need less of a nest egg. For me - much better to cut spending than to work longer.

 

[athena53]

I think most folks here have figured out that cutting spending and fixed costs is the fastest way to ER since you'll need less of a nest egg. For me - much better to cut spending than to work longer.

Yeah, I laugh at those "rules" about needing replace 80% of your pre-retirement income. Not necessary if you've been living on about 65% of your income while you were working because you were loading up the savings!