Frugalityisthenewblack
Recycles dryer sheets
- Joined
- Dec 14, 2008
- Messages
- 129
In this case it seems to be working.Morning to all. Officially, the family finished Jan living on my projected retired pay and still had $111.00 left over...woo-hooFound we spent more on food and eating out so we're eyeing that for Feb. The Airman & Family Readiness Center on base is having a lunch time speaker from the VA coming in next week to teach about your VA benefits and how to file claims. I'm already signed up!
Wife has been researching nursing jobs in NC...don't think she's going to have anyyyy trouble finding work in that field! ;-)
I thought this was how one retires, and something everyone does. Work as hard as as possible on increasing savings and decreasing spending (nicely complementary efforts, BTW). When you have proven to yourself that your savings are enough to support your spending, plus any additional you might be planning for travel etc, then retire.
I know a guy who retired without actually test driving the retirement budget first (bad idea). After 2+ years, they are doing fine, though his DW has taken over all spending & budgeting in their household to make it work. He gets an allowance, and that's it.I couldn't imagine ER'ing without knowing how much I needed, and know better way of knowing it can be done than by actually living on that budget for a while.
+2+1
I couldn't imagine ER'ing without knowing how much I needed, and know better way of knowing it can be done than by actually living on that budget for a while.
+1
I couldn't imagine ER'ing without knowing how much I needed, and know better way of knowing it can be done than by actually living on that budget for a while.
I know a guy who retired without actually test driving the retirement budget first (bad idea). After 2+ years, they are doing fine.
Works pretty good when you're saving for retirement, too...Whose tried this? (Living on a fixed amount to prepare for retirement)
+1
I couldn't imagine ER'ing without knowing how much I needed, and know better way of knowing it can be done than by actually living on that budget for a while.
I'd rather work a well paid extra year now at age 46 than have hunt for a much lower paying job in my fifties or sixties.
To the OP's point, I am trying to stay within a fixed yearly amount.
I have a target amount that I'll spend in retirement and I've been living off that for years and saving the rest. I track my spending so I can see where the money goes.