Quote:
Originally Posted by LeRoySmith
I think you're on something here.
I don't run on a strict budget but I do watch money like a hawk. I have always been very concerned about money, to the point of suffering now so that I can live well later - the trouble is I'm old as the hills and later may never arrive. I think this is the result of having depression age parents and starting with less than nothing. I have worked hard, saved hard, been really careful with money and lucky with investments. I always tell people (mostly my kids and wife) 'the wealthy stay wealthy by acting poor, the poor stay poor by acting wealthy'. I'm not sure where I stole that saying but I think there's a lot of truth to it.
We live well below our means but that doesn't stop me from wanting to watch money closely.
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I am planning on having dinner with you in January.
I think this is the result of having depression age parents and starting with less than nothing. I had depression era parents as well. They didn't assimilate into the modern technology world very well. Most depression era survivors didn't emerge with much BUT their skills and work ethic. I can't image living in the era, but it will happen again some day.
If the image of spending is uploaded, that is the tax deductions for the house being a rental in an LLC. Much different than just spending time doing accounting work 'cause I love it.
note that I just had major buckets of spending.
and the maintenance saving are again estimates, sh!t can happen at any time.
So for us, Social Security will be 70K+
housing cost at $25K per year
leaves enough for groceries, and some retirement vacations!
groceries can eat up a lot more of the budget than one might think
$400 per week = $20K per year. . almost as much as the cost of the house!