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Author: foolkath Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19371  
Subject: spending in retirement Date: 9/29/2005 9:58 AM
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It is almost two yrs since I retired.

I must say that I have done everything I have wanted to.

When saving for retirement( probably since I was 13) I was always good with my money. I always lived below my means. Saving was a habit. Interest rates always seemed to be good. I never felt confusion when I invested.

Now that I'm retired I seem to enjoy spending money more then saving it. I love getting my hair and nails done. I never did this when I was working. I spent a fortune on dance lessons in the last two yrs. But I have to say, at 54 I am a better dancer then I ever was at 20. ( when I used to teach it)


But now, I would like to get back with it. I would like to take control, once again, over my spending.

My problem is: I was always used to holding 3 jobs at a time. Now, that I have all that time on my hands, I like to keep busy and productive. So, I did all the things that cost money.

Now, I need to find things that don't.


What are your spending habits like in retirement?

I think I got away with all this spending, because my health has been great( no big medical bills yet). I ,also, have not needed a car. My 1999 is still running well and has 75,000 miles on it. It should last at least another 5 yrs. But I probably should start planning for those needs in the future.

What are others doing to plan for the bigger expenses that will come up?

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