| RETIREMENT ON A SHOESTRING |
Retirees who have not given much thought to the
financial side of retirement may be relieved to know
that some costs of living automatically drop when you
retire.
COSTS THAT AUTOMATICALLY DROP
(1) Gas for commuting ($20-$40/week)
(2) Coffee on the way to work ($12/week)
(3) Buying coffee while at work ($12/week)
(4) Buying lunch at work ($25/week)
(5) Gifts, donations at work ($80/year)
(6) Union Fees, Association Fees ($200 +)
(7) Income Taxes (your category drops)
FIXED COSTS YOU MUST CONSIDER
These are the only costs you need to worry about - the
necessities. If you have enough to cover them each
month, you can live comfortably without worrying.
(1) HOUSING (mortgage, taxes, or rental)
(2) FOOD (groceries, incidentals)
(3) MEDICAL INSURANCE (this is a necessity in the
USA because medical bills can bankrupt you, literally.)
(4) TRANSPORTATION (gas, maintenance, auto
insurance.)
financial side of retirement may be relieved to know
that some costs of living automatically drop when you
retire.
COSTS THAT AUTOMATICALLY DROP
(1) Gas for commuting ($20-$40/week)
(2) Coffee on the way to work ($12/week)
(3) Buying coffee while at work ($12/week)
(4) Buying lunch at work ($25/week)
(5) Gifts, donations at work ($80/year)
(6) Union Fees, Association Fees ($200 +)
(7) Income Taxes (your category drops)
FIXED COSTS YOU MUST CONSIDER
These are the only costs you need to worry about - the
necessities. If you have enough to cover them each
month, you can live comfortably without worrying.
(1) HOUSING (mortgage, taxes, or rental)
(2) FOOD (groceries, incidentals)
(3) MEDICAL INSURANCE (this is a necessity in the
USA because medical bills can bankrupt you, literally.)
(4) TRANSPORTATION (gas, maintenance, auto
insurance.)