bruce1
Full time employment: Posting here.
Hello all
I'm turning 51 in September and am thinking of reitiring in December I have made a budget that I would like you to pick apart and point out any Flaws. Being in Canada helps my medical and I have a supplementary medical insurance with the pension. I would actually like to figure it so I don't have to use the rental income or use it for extra cash.
Last year I spent about 80 Cents per day if you remove commuting expenses ect that I will not need in reitrement. This budget works out to 72 cents per day and my pension by itself is 65 cents per day.
monthly annual
Car ins 100 1200
Car Fuel 150 1800
Car mnt/purchase 300 3600
Phone internet TV 100 1200
Food 400 4800
Home mnt 200 2400
Major apps 50 600
Yard 50 600
Furniture 50 600
Property Taxes 120 1440
Hydro 100 1200
Home Ins 75 900
Ent/Traval 300 3600
Clothing 100 1200
MISC 100 1200
TOTAL 2195 26340
Income $2000 month cola adjusted pension (after taxes)
$400 month rental income after income tax
28,800 annual
Assetts Home (farm) $330,000
Investments $136,000
Debt free. single
Have fun ya all
Bruce
I'm turning 51 in September and am thinking of reitiring in December I have made a budget that I would like you to pick apart and point out any Flaws. Being in Canada helps my medical and I have a supplementary medical insurance with the pension. I would actually like to figure it so I don't have to use the rental income or use it for extra cash.
Last year I spent about 80 Cents per day if you remove commuting expenses ect that I will not need in reitrement. This budget works out to 72 cents per day and my pension by itself is 65 cents per day.
monthly annual
Car ins 100 1200
Car Fuel 150 1800
Car mnt/purchase 300 3600
Phone internet TV 100 1200
Food 400 4800
Home mnt 200 2400
Major apps 50 600
Yard 50 600
Furniture 50 600
Property Taxes 120 1440
Hydro 100 1200
Home Ins 75 900
Ent/Traval 300 3600
Clothing 100 1200
MISC 100 1200
TOTAL 2195 26340
Income $2000 month cola adjusted pension (after taxes)
$400 month rental income after income tax
28,800 annual
Assetts Home (farm) $330,000
Investments $136,000
Debt free. single
Have fun ya all
Bruce