
09-22-2025, 05:21 AM
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Senior Member
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Join Date: Nov 2021
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Quote:
Originally Posted by Arctic Fox
Retirement: $1.6 million
Owning a home: $957,594
Owning a new car: $900,346
Raising two children and paying for college: $876,092
Health care: $414,208
Annual vacations: $180,621
Pets: $39,381
Wedding: $38,200
I can see some room for savings:
Owning a home - sure, if you want to live in The Hamptons, but I suspect most areas have a selection for well under $957,954 so let's halve that figure.
Not sure what new car they are getting for $900,346 - possibly a McLaren? - but, with modern cars having a much longer trouble-free life than the clunkers from the 1960's, buying a new car every ten years should suffice, so let's divide that figure by three.
Kids - who needs them?
Wedding - swallow your ego and just get married. It's meant to be a solemn occasion, so you don't have to try to impress everyone by spending a lot of money on frippery.
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The article describes the "accumulated" expenses over a lifetime.ν ½νΈ
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