Quote:
Originally Posted by WiscoDogsDad
Jerry,
Thank you so much for the kind, thoughtful and thorough response!
Lots of the points you make are covered under other subsets of my budget. This is just to keep a roof over my head....nothing else.
For example:
- I'm in contact with Babette's Furniture and one opinion is to budget 10% of the home's value for furnishings and decorating
- I'm carrying $17k for golf cart
- Have NOT started to consider budgetting for travel. I'll be working full time for the first two to four years as a Villages resident
- Our family did Disney to DEATH in the seventies and eighties....and there are no children nor grandchildren in my life. I will take the money that MIGHT have been spent at "The Most Expensive Day on Earth" for other luxuries.
My intention is to work right up until the day I have the house all upgraded to my desires, the mortgage paid to zero, and a new car in the garage....then stop worrying about a THING.
|
Great plan to work up until you are totally debt free, we did the same thing. Moved here in our 50's and I found a job paying almost what I was making up north. This allowed us to make some major home improvements with a large addition and pay cash all furnishings. Paid cash for new golf carts and a car. If you can get rid of that mortgage before you retire and it's a huge plus. With all that behind you, you are now ready to live a debt free retirement.
This will give you the freedom to do most anything you want to with travel and beyond. Best Wishes!