I'll join this party just to give another side.
"Possum Living" was never in our plans and since retiring 2 years ago we have continued to live and spend as we did when working, other than reducing retirement savings.
Quicken, detailed budgeting, spreadsheet projections, and LBYM before ER got us to a place where we didn't need to cut expenses to live a full retiree live. This might not be everyone's cup-of-tea but it fit our style and allows me to sleep comfortably.
Nibbling around the edges was never my style and the big expenses (heat & Light, Prop taxes, groceries, health care, mortgage and car payments, etc) go on as usual. Our discretionary spending continues within a fairly broad range but is relatively smaller than the above fixed expenses. We see the grandkids often and vacation regularly.
JohnP
"Possum Living" was never in our plans and since retiring 2 years ago we have continued to live and spend as we did when working, other than reducing retirement savings.
Quicken, detailed budgeting, spreadsheet projections, and LBYM before ER got us to a place where we didn't need to cut expenses to live a full retiree live. This might not be everyone's cup-of-tea but it fit our style and allows me to sleep comfortably.
Nibbling around the edges was never my style and the big expenses (heat & Light, Prop taxes, groceries, health care, mortgage and car payments, etc) go on as usual. Our discretionary spending continues within a fairly broad range but is relatively smaller than the above fixed expenses. We see the grandkids often and vacation regularly.
JohnP