Quote:
Originally Posted by queasy27
Gosh, that's a huge blow, SallyR. Did you both used to work at the same company that lost its pensions?
Living on two SS payments should be possible. To give you an example, my budget when I lived on the historic side was $2050/month, which included a $547 mortgage, amenity fee, utilities, lawn maintenance, home repair, gas, food, entertainment, and all other normal expenses. I also budgeted an additional $500 a month in discretionary income.
The biggest variable might be health care costs, depending on your situation with insurance or Medicare.
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This pretty much says that the answer is yes. If you buy a house outright and have no mortgage payment, you can reduce that budget by about $300. If you can mow your own lawn, you can save another $50 a month.
If you both are receiving SS benefits you are taking in at least $2600 a month well over Queasy's budget.
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