Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
The original thread was interesting to me (and hopefully others). I offered up our projected retirement expenses of $60K/yr and asked folks who seem to live very comfortably on $24K-$36K/yr where we should be able to reduce expenses? I have since found what I took as a representative $40K/yr retiree budget from Work Less, Live More for comparison. The categories are different, but my expense numbers remain the same.
Of course we all make our own choices, but the comparison was interesting to me. I don't believe our medical expenses are out of line (with Medicare 9-11 years away), but it looks like we could/should throttle back on cars, groceries and restaurants, as many here suggested.
*Misc includes: Allowance/pocket money, charity, gifts, personal care, misc.
**Depr includes: Cars, major home repairs, TV/PC/appliance replacements, bed/furniture, major travel expenses
Of course we all make our own choices, but the comparison was interesting to me. I don't believe our medical expenses are out of line (with Medicare 9-11 years away), but it looks like we could/should throttle back on cars, groceries and restaurants, as many here suggested.
Medical | $5,200 | $13,000 | +$7,800 | +150% |
Depr** | $3,500 | $10,000 | +$6,500 | +186% |
Groceries | $3,900 | $7,100 | +$3,200 | +82% |
Auto Gas&Maint | $2,100 | $3,800 | +$1,700 | +81% |
Restaurants | $3,000 | $3,800 | +$ 800 | +27% |
Utilities | $2,580 | $3,400 | +$ 820 | +32% |
Auto Insur | $1,035 | $1,600 | +$ 565 | +55% |
Home&Garden | $ 900 | $1,200 | +$ 300 | +33% |
Home Insur | $ 975 | $1,250 | +$ 275 | +28% |
Misc* | $7,680 | $7,500 | -$ 180 | -2% |
Prop Taxes | $2,450 | $2,250 | -$ 200 | -8% |
Phone/cell/web/TV | $2,280 | $1,900 | -$ 380 | -17% |
Clothing | $2,400 | $1,700 | -$ 700 | -29% |
Travel | $2,000 | $1,200 | -$ 800 | -40% |
TOTAL | $40,000 | $59,700 | +$19,700 | +49% |
*Misc includes: Allowance/pocket money, charity, gifts, personal care, misc.
**Depr includes: Cars, major home repairs, TV/PC/appliance replacements, bed/furniture, major travel expenses