retiring on the cheap questions

Poke78 · May 26, 2015

Cheap/reduced cost of living certainly has an appeal but I put that on the same plane as why I don't really need a passport: there's plenty of places in the US I've yet to explore so why go elsewhere? I'll stick with access to family, freedom, and firearms.

BReeves · May 26, 2015

Don't have too but I could live right here easily on 1200 a month, no reason to go to another country much less another state.

CHenry · May 26, 2015

BReeves said:
Don't have too but I could live right here easily on 1200 a month, no reason to go to another country much less another state.

I would like to know how? Basic utilities almost eat up 1200 then tack on food, home repairs, fuel, cloths, Christmas... the list seems never ending.

Hobbes · May 26, 2015

I'm not living anywhere they won't allow me my firearms.
That narrows the list of countries down a lot.

You can find some articles at marketwatch.com about the best states to retire in.
They cover basics such as whether the state has income tax and if so whether SS benefits are taxed as well as crime rates, climate, things to do.

NikatKimber · May 26, 2015

CHenry said:
I would like to know how? Basic utilities almost eat up 1200 then tack on food, home repairs, fuel, cloths, Christmas... the list seems never ending.

Are you keeping a 5000sf house 50* in the summer and 90* in the winter to cost $1200 for basic utilities????!?!!!?!

saddlebum · May 26, 2015

BReeves said:
Don't have too but I could live right here easily on 1200 a month, no reason to go to another country much less another state.

health insurance is number 1 reason

Hobbes · May 26, 2015

http://www.marketwatch.com/story/10-best-places-to-retire-abroad-2013-04-01

LightningCrash · May 26, 2015

CHenry said:
I would like to know how? Basic utilities almost eat up 1200 then tack on food, home repairs, fuel, cloths, Christmas... the list seems never ending.

Amazing how perspectives change when you get to earning tons more... idk how people make it on less than ~50K/yr.

Brad A · May 26, 2015

NikatKimber said:
Are you keeping a 5000sf house 50* in the summer and 90* in the winter to cost $1200 for basic utilities????!?!!!?!

He's trying to retire on the cheap so he's not going to be living in a 5,000 sq/ft home. Move to a mapdot town like where I'm originally from, hunt, fish and garden your food. Can food. Get some chickens. You don't NEED an ac but if you have one, get used to setting it on 79 or 80. Have a fireplace. You won't use much electricity or gas for heat. You could totally do it, IF you can give up some luxuries and be a little tougher than most of us Americans are nowadays. We don't even think we can live off of $1200 /mo bc we've become so used to "needing" so many luxuries. It wasn't very long ago in this country that just about everyone had a milk cow and chickens. No one had ac, tv, phones etc.

Or move in w NikatKimber. He has a whole wing he's not using. Ha!

FullAuto · May 26, 2015

I could $1200/month easy if I were single. I don't think that's a stretch at all. Our current standard of living is maybe $2500/month at the most. Dropping daycare and trimming back what I pay in insurance would get us under $2k easily. That's for a family of 3 in OK county.

retiring on the cheap questions

Poke78

Sharpshooter

BReeves

Sharpshooter

CHenry

Sharpshooter

Hobbes

Sharpshooter

NikatKimber

Sharpshooter

saddlebum

Sharpshooter

Hobbes

Sharpshooter

LightningCrash

Sharpshooter

Brad A

Sharpshooter

FullAuto

Sharpshooter

Similar threads

Latest posts

retiring on the cheap questions

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Sharpshooter

Similar threads

Join the conversation!

Join today and get all the highlights of this community direct to your inbox. It's FREE!