How much a day?

[Steelpony]

Anyone look at financial stuff this way? It started between our power bill and the unending " For only 62 cents a day" commercials. Our last power bill .... $1.76/day. So we jokingly started looking at what we could afford a day. As we played around with #'s it started getting interesting... Our just to exist... $14/day... this is without food, beverage and staying home looking at our vehicles. The new truck costs us another 22.50/day (for now) just to look at it. Other debt is about $9/day. So $45.50/day for the next 3-4 years.
I know I know.... Income Tax and Health Insurance. This hurt... $52/day... but comes out before we get our share... (AKA the leftovers).
So as we plan for next year we only have about $165/day of leftovers leftover to live on....

I know my total yearly expenses from an end of year summary statement, month to month and grand total. Easy math. That’s how I check my personal inflation rate.

So sure if I want to scare myself with bigger numbers then 40 years ago.

Then I add up real generated income and SS. Figuring that percentage is calming.

 

[kgtest]

I am not there yet. $153.50 a day is what I could burn, that would include selling my home on some sort of reverse mortgage or outright.

I want to double this before we retire early to $300+ /day spend. I can live comfortably albeit still frugally, with the 3 kiddos making their way through college with that amount.

Shoot. Edit to add, I forgot SS for me at some point. And a lump sum payout from a pension worth maybe 50k coming to me in April.

So I would theoretically get a raise when my youngest is 25, just in time for that final wedding/school/house down payment.

Likely (but certainly not counting) on inheritance potentially near 7 figures. If that is the case, all bets are off and we could likely go to $1,000/day+ in 20years.

We HAVE spent $658/day (2023) when I owned my own business but some of that was operating cost of the business.

That year was a blur.

 

[YellowSubmarine]

Two homes: Ohio is heat pump w/propane back up $3.85 electric; and propane $1.32 for hot water, and stove as well. Florida is $4.00/day with pool pump running 9 hrs./day as well.

 

[old medic]

I want to double this before we retire early to $300+ /day spend.

Redone our #s and counting the decrease in insurance and tax for Roth conversions we have $300/day to blow(includes BTD Roth money).