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I just posted this by mistake in the "Hi I AM" section and don't know how to delete it. Hope the moderator comes to my rescue. Like to know if we can delete a post we did or move it ourselves for any future mistakes.
I am curious how many of you have been successful in drastically cutting back your expense and spending habits n retirement. I am talking about individuals who went from making $100,000 a year to maybe $50,000 or from $60,000 to $30,000.
Now I know that a portion of this would come from not having to save any longer and fund your roth or Ira, but what about other spending.
Did anyone go from "free with money" to "very careful with money"?
When all the articles talk about needing 80% of your current income, they are not really talking about cutting back so much as not having to save any longer and not having work related expenses. They don't expect people to be able to really cut back and alter their current spending habits.
Who has been successful in proving them wrong? How difficult was the adjustment for you?
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