<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > New challenge

New challenge

July 19th, 2011 at 10:00 pm

I'm going to "play retirement" for the next month. Austere retirement.

I really need to get a handle on what my variable spending limits need to be in the future when I am dependent on social security and my 403b. My worst-case scenario planning indicates that I might have only $300 to spend monthly on food, clothing, transportation, etc. after I've paid my housing/utilities/insurance/medical. That's pretty low, but I think I could do it if I had to. A brief look at last month's spending indicates that I spent about $482 in all those areas, and I'll bet if I really try I can cut way down.

I have a conference coming up, and I won't count those expenses (they will be reimbursed anyway).

But everything else -- the clock starts now. 30 days.

Posted in Uncategorized | 4 Comments »

4 Responses to “New challenge”

  1. Miz Pat Says:
    July 19th, 2011 at 10:54 pm 1311112482
    1311112482

    You are bravely facing what so many won't even look at. I hope to hear how you do and wish you the best.

  2. Petunia 100 Says:
    July 19th, 2011 at 11:13 pm 1311113634
    1311113634

    That sounds like a really useful "experiment". I will be intersted in reading about how it goes. Good luck to you!

  3. creditcardfree Says:
    July 20th, 2011 at 12:16 am 1311117411
    1311117411

    Sounds like a great idea! Let us know how it goes.

  4. retire@50 Says:
    July 20th, 2011 at 06:41 pm 1311183707
    1311183707

    I did that for several months before I retired and decided I was in good shape, and then after I retired I realized I could easily live on even less than I planned for.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]