seraphim
Thinks s/he gets paid by the post
- Joined
- Mar 6, 2012
- Messages
- 1,555
Some excellent perspectives. As stated, everyone's different.
We lived frugally in our working years so we could retire early, and not have to be frugal for 30 years in retirement. We bought new cars, but inexpensive new cars which we kept until it was no longer feasible. Didn't spend much on entertainment - we entertained ourselves. Bought a larger house than necessary, but a private sale from a seller in distress and paid less than the other smaller homes we were looking at. Never kept up with the Jonses, but outperformed them over the years ( savings wise).
I'm not sure we could survive on $20k a year, though, without downsizing or such. I'd have to look at that. Our recurring expenses are about $1900 a month - not including food, clothing, entertainment, or fuel. I could quickly cut that down to about $1000 a month basic subsidy ( no truck payment, cable, cut cell package in half. Add $800 back for food, fuel, clothing... That would be close. Suppose I could get rid of life insurance policies at $65 a month (total). Cut my own grass during the summer, because I wouldn't camping across the country anymore...
Yea - we could survive on $20k. Wouldn't want to, though.
Sent from my iPad using Early Retirement Forum
We lived frugally in our working years so we could retire early, and not have to be frugal for 30 years in retirement. We bought new cars, but inexpensive new cars which we kept until it was no longer feasible. Didn't spend much on entertainment - we entertained ourselves. Bought a larger house than necessary, but a private sale from a seller in distress and paid less than the other smaller homes we were looking at. Never kept up with the Jonses, but outperformed them over the years ( savings wise).
I'm not sure we could survive on $20k a year, though, without downsizing or such. I'd have to look at that. Our recurring expenses are about $1900 a month - not including food, clothing, entertainment, or fuel. I could quickly cut that down to about $1000 a month basic subsidy ( no truck payment, cable, cut cell package in half. Add $800 back for food, fuel, clothing... That would be close. Suppose I could get rid of life insurance policies at $65 a month (total). Cut my own grass during the summer, because I wouldn't camping across the country anymore...
Yea - we could survive on $20k. Wouldn't want to, though.
Sent from my iPad using Early Retirement Forum
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