Flyfish1
Recycles dryer sheets
So, I just retired 6 weeks ago and I pre filled one year ahead several " buckets" . Meaning cash designated for certain items, like real estate taxes, HOA fees and the big one, travel. My original thought was to always maintain one year ahead of these pre filled buckets. But, now I am questioning the logic of that. By doing so, I am creating yet another cash reserve, when I already have a cash reserve account. At present money market rates , that ain't so bad, but that will change.
Money comes in every month or every quarter so why set aside a whole year in advance? Some expenses have clear due dates, like the HOA and real estate taxes so planning for that expense is easy. Travel of course has a budget per year , but the timeline is more flexible.
I am probably overthinking this. Thoughts ?
Thanks
Money comes in every month or every quarter so why set aside a whole year in advance? Some expenses have clear due dates, like the HOA and real estate taxes so planning for that expense is easy. Travel of course has a budget per year , but the timeline is more flexible.
I am probably overthinking this. Thoughts ?
Thanks