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View Poll Results: What was, or is, your planning number for monthly after tax expenditures?
2000 - 2999 15 6.15%
3000 - 3999 21 8.61%
4000 - 4999 41 16.80%
5000 - 5999 40 16.39%
6000 - 6999 25 10.25%
7000 - 7999 27 11.07%
8000 - 8999 21 8.61%
9000 - 9999 9 3.69%
10,000 - 11,999 16 6.56%
12,000 - 13,999 13 5.33%
more than 14,000 16 6.56%
Voters: 244. You may not vote on this poll

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Old 05-07-2017, 10:01 AM   #61
Thinks s/he gets paid by the post
 
Join Date: Jun 2014
Posts: 1,026
We spend about 55% less.

- Moved to lower COLA
+ increased health care costs
- different circle of friends that aren't extreme high earners thus all social activities are way less expensive.
- current car costs 1/4th the previous car did.
- restaurant spend is 1/10th the previous spend as we joined a cooking meetup
* Travel is similar spend but twice as long as I actually look for deals, book in advance, realize I spend no time in the hotel so can book the $100 room vs the $400 room and still be perfectly happy.
- Deals deals deals, now that I have the time, use of coupons, happy hours, discount days, free days, etc. Before I retired I never even looked at a grocery flyer to see what was on sale, it just didn't matter, I was busy, I just bought what I needed.

I realized before I retired, my budget was 35% to savings, whatever to Tax, spend the rest, therefore, I was very price insensitive. Time was more important to me than price. Retirement reversed that.
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Old 05-07-2017, 10:15 AM   #62
Recycles dryer sheets
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Join Date: May 2012
Location: Brewster
Posts: 354
Retired two years ago. Nervous about sequence-of-returns risk, so costs are currently higher than they will be in a few years. (A low interest rate mortgage and a zero interest rate car note give me cheap liquidity right now.) While still w*rking, after-tax spending was over 8K. Now it's under 7K. In three years, it'll be ~ 5K.

On the other hand, the ORD calculator says we can spend more, and FIREcalc shows a 100% success rate at 7K per month, so we might just settle in at 6K with some travel bucks. After all, success in retirement still has a grim end.
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