Bleeding Cash in Retirement
Published 2024-07-23
All Comments (21)
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We're not retired yet, but this year leading up to retirement has really been bleeding money. Let's hope we don't have to do "one more year" ! 😮 😀
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Yeah, geez…we can go months being frugal, and then get on a streak where everybody has a hand out for my money.
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I've had to adjust to spending too. Settling in was a little stressful but once I hit my stride, it's been a breeze and life is beautiful. Every day is Saturday and that can't get any better.
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Nice video. I’m very frugal with my spending but really don’t do without anything. Your message of planning and budgeting is warranted for all.
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All saving is deferred spending, spend it or someone else eventually will, thanks, Steve!😀
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I’ve been spending like it’s going out of style this month. I don’t know what’s wrong with me 😆 it comes and goes, I’ll probably be quite frugal for the next few months, just using all my hobby stuff I just bought. It’s a privilege to have the time to have hobbies once we’re retired.
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Great video, Steve - excellent advice and a very good way to look at spending. Our budget was more or less constant for the first few years of retirement, and then as things got more and more expensive we did a reset on the budget and future projections, realized we are still fine, and can continue without undue worry. You need to have some "built in raises", as you call them -
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Had to dip into the emergency fund this month. The A/C took a 💩 . Gald, we had the extra saved!
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You’re not confusing Steve. We all get ideas from each other Appreciate you making the videos.
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Oh I am sorry to hear what you all are going thru, our spending is up in the summer months also, taking care of house maint, etc. too I think its ok in the long run though because we have to spend some of that money we squirrel away eventually anyways and we damn sure ain,,t taking it with us bubba.....
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Go into retirement debt free and the transition from save to spend gets better faster I believe, as you can adjust if your fear is high cut back. Great channel and keep up the great content.
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I retired Dec 2023. Since then the AC on my car went out 1700. The start of summer the home AC went out $2700. Lost my 19yrs old grandson to violence in Feb and last week another 1700 to help my son with transmission repairs. Other than that retirement has been a blast.
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I have been retired for 2 months now and can't figure out how I had time for work. I have followed you throughout your retirement and feel like you everyday, should I spend or save. I say " you can't take it with you " so do the best you can for the time being.😊
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Great video. I just found your channel. A couple years ago I watched a channel from a younger guy would always stress 62 62! I was already retired and older than this person. This person didn't understand that in life everyone's "boat" ( Life ) is different. Many of us tried to get through to this person to no avail. He lives in Florida and is overbearing in his videos.
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"...a lot of stuff you have to relearn...". Yep. We're two or so years away (hopefully) and I'm already trying to figure how it will play out. Thanks for your insight.
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I am in a 12 step program related to finances because I want to stay financially free.
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This summer I bought a Manbo Ice shaver $20 amazon. picked up Banana, tiger blood and bahamma momma syrup. well I ended up buying a gallon jug of the banana and found if I put a drizzle of sweetened condense milk on top....man they have been hitting the spot for me. strawberry syrup for milk works good too. gonna watch your other video and going to go make me a snow bowl. might put a couple slices of peaches or watermelon in there with it.
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You are one of the most honest ones I subscribe too. You and Duane are very humble and honest about retirement *
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You did good with your water heater "only" costing $700. Mine went out last month and it cost me $2400.
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We're spending a lot less in retirement. We're not spending about $2,500 a month which makes cruising when and where we want fairly easy. 10 years now.
