Aiming_4_55
Thinks s/he gets paid by the post
I'm thinking more about retirement in 2 years, at age 50. I anticipate more time for personal activities and family time. With this I can see my budget increasing which I'm ok with as long as the spend increases the enjoyment of time, enrich our lives.
A little background - married, 2 kids, no debt (no mortgage, cars paid off, pay off credit cards monthly, etc.), college funded for state university, and something in mind for first car and wedding.
In 2019, the kids will be in 8th and 6th grade. We follow a basic theme, school/saving first with fun activities through out the year. Fun activities are weekly at the YMCA/associated classes along with Park District classes. We do casual dining out and take out. A few vacation weeks away and weekend roadtrips. We fund our 401k and taxable savings with some extra discretionary funds left.
So, what should I be thinking about in respect to budget increases, i.e. middle school years, high school years, etc. An extra 10 - 20% spend for 6 years, age 50 to 56? The college fund is set aside and separate.
What have been your experience? Our current budget is 65 - 75k, but thinking it could be 80 - 90k. Any gotchas other than teenager drivers and car insurance?
A little background - married, 2 kids, no debt (no mortgage, cars paid off, pay off credit cards monthly, etc.), college funded for state university, and something in mind for first car and wedding.
In 2019, the kids will be in 8th and 6th grade. We follow a basic theme, school/saving first with fun activities through out the year. Fun activities are weekly at the YMCA/associated classes along with Park District classes. We do casual dining out and take out. A few vacation weeks away and weekend roadtrips. We fund our 401k and taxable savings with some extra discretionary funds left.
So, what should I be thinking about in respect to budget increases, i.e. middle school years, high school years, etc. An extra 10 - 20% spend for 6 years, age 50 to 56? The college fund is set aside and separate.
What have been your experience? Our current budget is 65 - 75k, but thinking it could be 80 - 90k. Any gotchas other than teenager drivers and car insurance?