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The Water Cooler
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How much to live on?
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<blockquote data-quote="Droff" data-source="post: 4285204" data-attributes="member: 26615"><p>While there's been plenty of discussion over the cost of things, which are very valid, how much can a couple actually live on? Any thoughts?</p><p></p><p>Will $60K be enough? Will $80K?</p><p></p><p>I'm in a good situation right now with no house/car payments and no loans. We've got a Sam's payment, a furniture payment and every now and then a credit card payment. We really only need to have utilities, groceries, gas and not much else.</p><p></p><p>Right now....</p><p>House insurance and taxes feels pretty much like another house payment.</p><p>Car insurance feels like another car payment. And not a nice car.</p><p>Groceries are rarely under $100 for any trip - WallyWorld or Crest and we make several trips a month.</p><p>Filling up the truck runs $80, the hotrod $60 and we don't drive very much anymore.</p><p>Gas, Electric, Water, Trash, DTV, Internet, Phone..</p><p></p><p>I know there are some things we can cut off or cut down but there are a lot of folks that don't have that option.</p><p>Without crunching and being really frugal, it's pretty crazy but I'm not so sure $60K would be enough for us. I think we could do $80K but I'm not so sure there would be much of a buffer.</p><p></p><p>2-3 years ago, no way I would have thought $80K a year would be a stretch to live on.</p><p></p><p>Folks do what they have to, we'd be the same, but any upcoming full retirement decision drives much more anxiety than it used to.</p></blockquote><p></p>
[QUOTE="Droff, post: 4285204, member: 26615"] While there's been plenty of discussion over the cost of things, which are very valid, how much can a couple actually live on? Any thoughts? Will $60K be enough? Will $80K? I'm in a good situation right now with no house/car payments and no loans. We've got a Sam's payment, a furniture payment and every now and then a credit card payment. We really only need to have utilities, groceries, gas and not much else. Right now.... House insurance and taxes feels pretty much like another house payment. Car insurance feels like another car payment. And not a nice car. Groceries are rarely under $100 for any trip - WallyWorld or Crest and we make several trips a month. Filling up the truck runs $80, the hotrod $60 and we don't drive very much anymore. Gas, Electric, Water, Trash, DTV, Internet, Phone.. I know there are some things we can cut off or cut down but there are a lot of folks that don't have that option. Without crunching and being really frugal, it's pretty crazy but I'm not so sure $60K would be enough for us. I think we could do $80K but I'm not so sure there would be much of a buffer. 2-3 years ago, no way I would have thought $80K a year would be a stretch to live on. Folks do what they have to, we'd be the same, but any upcoming full retirement decision drives much more anxiety than it used to. [/QUOTE]
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