At the risk of censure for overdoing the LBYM thing, and subverting current any current threads, Here's a re-visitation of some details from an earlier thread, that provided a framework for reducing expenses without sacrificing health or well being. I haven't put a $$$ number on the costs, since with some exceptions, we haven't spent the money in the first place.
Not to say that this could or should be a guideline. Obviously most here would not choose this path... nor should they. Just some possibilities for a fallback position in the case of hardship for whatever cause.
Feel free to add to, or contest any of the listed items. You could use the list as a check to see how much you spend each year on items that are important to you.
.......................................................................................................
STUFF WE DON'T SPEND MONEY ON
______Life Insurance
______New Clothing
______Haircuts
______Hair styling
______Pedicures/manicures
______Beauty products
______Movies
______Concerts
______Sporting events
______Restaurants (more than $8 meal)
______Books
______Music
______"New" Computers (since 2002)... all refurb or reclaim
______Software... (Twice in lifetime.. total $30) all other "free"
______Car maintenance labor... all DIY except 3 times for major repairs
______Brand vs. Generic foods
______Premium meat or fish
______Financial Advisor
______Lawyer
______Chiro/Massage/Tan etc.
______Tatoos...
______New Home Decor.. (all resale)
______Cars.. since 1998...
______Car Wash and wax... since 1989
______Premium TV channels
______New Bikes or Exercise equipment
______Sporting goods
______Cruises (so far)
______Group trips
______Flying (Airlines)
______Lodging (more than 3 star)
______Premium Gasoline
______Tools (have more than I'll ever use, including welders etc.)
______Housekeeper
______Carpet Cleaning all DIY
______Window/Gutter/Furnace etc. Cleaning... all DIY
______Premium booze/wine... (Winking Owl Shiraz- Aldi)
______Jewelry
______Organic foods
______Brand sodas
______Painting, remodeling
______Weapons
______Subscriptions (AARP only)
______Gambling
______Banking or Credit Card Fees
______Credit card interest charges
______Appliance or Electonics insurance
______Eye Glasses... except for $1readers (since 2000... maybe eye test this year.)
______Pets... (except bird feed)
______Healthcare maintenance... exercise equipment, pool, advisor etc... all included in our senior community membership. (no fees)
______Pest control... DIY
______Only "fee for" is Activities Association (FL).. $6/year
And to add:
______Computer APPS (last year $250 Billion spent in US)
______Shopping at Whole Foods type stores... Mostly Aldi and Walmart
______State and Federal Taxes... Since 1989
______Donations... to causes with very high operating costs that we check out
..........................................................................................
We didn't consciously choose this path, and never felt (or even now "feel") that we missed out on anything. It was just a natural result of deciding to retire with less than total safety, and not spend several more years of working to follow the advice of a financial advisor. Absolutely no regrets.
Not to say that this could or should be a guideline. Obviously most here would not choose this path... nor should they. Just some possibilities for a fallback position in the case of hardship for whatever cause.
Feel free to add to, or contest any of the listed items. You could use the list as a check to see how much you spend each year on items that are important to you.
.......................................................................................................
STUFF WE DON'T SPEND MONEY ON
______Life Insurance
______New Clothing
______Haircuts
______Hair styling
______Pedicures/manicures
______Beauty products
______Movies
______Concerts
______Sporting events
______Restaurants (more than $8 meal)
______Books
______Music
______"New" Computers (since 2002)... all refurb or reclaim
______Software... (Twice in lifetime.. total $30) all other "free"
______Car maintenance labor... all DIY except 3 times for major repairs
______Brand vs. Generic foods
______Premium meat or fish
______Financial Advisor
______Lawyer
______Chiro/Massage/Tan etc.
______Tatoos...
______New Home Decor.. (all resale)
______Cars.. since 1998...
______Car Wash and wax... since 1989
______Premium TV channels
______New Bikes or Exercise equipment
______Sporting goods
______Cruises (so far)
______Group trips
______Flying (Airlines)
______Lodging (more than 3 star)
______Premium Gasoline
______Tools (have more than I'll ever use, including welders etc.)
______Housekeeper
______Carpet Cleaning all DIY
______Window/Gutter/Furnace etc. Cleaning... all DIY
______Premium booze/wine... (Winking Owl Shiraz- Aldi)
______Jewelry
______Organic foods
______Brand sodas
______Painting, remodeling
______Weapons
______Subscriptions (AARP only)
______Gambling
______Banking or Credit Card Fees
______Credit card interest charges
______Appliance or Electonics insurance
______Eye Glasses... except for $1readers (since 2000... maybe eye test this year.)
______Pets... (except bird feed)
______Healthcare maintenance... exercise equipment, pool, advisor etc... all included in our senior community membership. (no fees)
______Pest control... DIY
______Only "fee for" is Activities Association (FL).. $6/year
And to add:
______Computer APPS (last year $250 Billion spent in US)
______Shopping at Whole Foods type stores... Mostly Aldi and Walmart
______State and Federal Taxes... Since 1989
______Donations... to causes with very high operating costs that we check out
..........................................................................................
We didn't consciously choose this path, and never felt (or even now "feel") that we missed out on anything. It was just a natural result of deciding to retire with less than total safety, and not spend several more years of working to follow the advice of a financial advisor. Absolutely no regrets.
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