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Retirement Discussions / Retire Well on Less
|Subject: Retirement Budgeting||Date: 10/22/2006 12:58 PM|
|Author: pedorrero||Number: 1011 of 1697|
Hi folks I stumbled into here. Looks like we could use a little more traffic, perhaps not as much as REHP however :)
I recognize some names here, and I'm sure many of you know me.
[Crowd groans collectively.]
My latest project, aside from yet another Mexico trip (which I'll probably journal in REHP), is updating my budgets. "Budget" is probably not the best term. More like: try to get an accurate as possible a snap shot of where the money actually goes.
Saturday (10/21) I updated to find the true (?) costs of my home (SFH). Even armed with quite good data, there are always judgment calls.
For example, should I include long-term upkeep (estimate at about $200/mo.) as a budget item? Why not do both?
For those retirees rolling in the dough, that's great, but many of us are on limited income. Mine's in the low $20K range most years.
Anyway, I'm getting to far into a tangent here. I'll cut it short for now.
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