Giving lots of thought to financial management post retire (77 more working days....). I have always had this idea of managing an income stream and a budget that includes modest vacations, travel and dining out, something we put a very high value on. But than had this idea if the portfolio grows beyond what I would call a robust rate, then I would allow us to skim the cream off and go blow some money on some other travel or whatever, while we are still young. On top of that, I have a hobby business that produces very sporadic but sometimes good income, and that money has always been "gravy" (ie.: not earmarked for anything in the budget); and on top of that, I will probably actually collect unemployment in 2017 as I am technically getting laid off at the end of the year.... So I am thinking of pushing all of this to a slush fund that I can spend from guilt-free.
Wondering if/how others allow themselves a "When the $$ is there, spend it!" fund. We are thrifty and frugal, but we also have no problem living and spending when there is bonus cash popping up.
Does anyone track the portfolio growth and allow themselves to splurge when it grows beyond some established number?
Wondering if/how others allow themselves a "When the $$ is there, spend it!" fund. We are thrifty and frugal, but we also have no problem living and spending when there is bonus cash popping up.
Does anyone track the portfolio growth and allow themselves to splurge when it grows beyond some established number?