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The Water Cooler
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retiring on the cheap questions
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<blockquote data-quote="FullAuto" data-source="post: 2751726" data-attributes="member: 5110"><p>Currently, I don't do it. We live on somewhere around $2500 per month for a family of 3. By that I mean we have 1 account that we live off of and it receives right at $2500 per month from direct deposit. Bills, food, fuel, spending cash some from that account. It's always under $100 on payday. It's setup like that for budgeting purposes. We change the direct deposit based on the budget. It's been there for about 19 months now.</p><p></p><p>Cutting daycare would save ~$360. If I wasn't feeding my wife and son, that would get it down some. I carry 250/500/100, $100 deductible G, $0 deductible D, $10k C, R on my wife's car. I carry 500/500/100, $100 deductible G, $0 deductible D, $10k C, 500/500 U on my truck. I have a PLUP roughly $200k in PAPs. So just cutting insurance back to what normal people have I could save $150-175/month. Insurance is our biggest expense per month outside of I guess food.</p><p></p><p>Our house is total electric. Last month our bill was $95. We live on well and septic. The city trash bill is I think around $15 per month. I usually pay $200 at a time so I don't have to pay it for a year. I think I'm paid until October or so. My wife drives about 24k miles per year, but drives a Hybrid. On it's worst day it will get 32mpg. It averages mid-30s and we got a best of 42mpg driving to Florida with it. Round trip to Orlando was $225 in fuel. I buy 1 tank of diesel every 4-6 weeks. </p><p></p><p>Our standard of living is just different than a lot of people on here. I'm not saying it's better or worse than anyone else. But it is different. It wouldn't work for everyone. It works for us. When I paid my house off in 2013, that was the first year my wife and I had ever broken $70k combined (and just barely). In 2014, we both got promotions within 2 months of each other and broke $80k for the first time (but not $85k). We'll do better this year because we'll be getting our higher rates for the entire year. So we're not exactly rich. My wife and I make within $600 of each other on our base salaries. Neither of us have degrees. </p><p></p><p>She gets an allowance of $30 per week. She got $25 per week when we first married. About 4 years in, she got a raise. As hard as that may be for people to believe (actually most people don't believe it when they first hear it), it is true and there are people here than can vouch for it. My family, her family, all our friends, etc. know the situation. They don't all agree with it. We don't hide it. It's different. It's somewhat extreme to most people. July we'll be married 11 years. It works for us. It's not changing anytime soon. </p><p></p><p>Anyway, I don't live off $1200 per month. I'm just looking at the fact that if I cut the undisciplined 2 of 3 in my current situation, the additional kid costs and my excessive insurance, I think living off 50% of our current budget would be a breeze.</p></blockquote><p></p>
[QUOTE="FullAuto, post: 2751726, member: 5110"] Currently, I don't do it. We live on somewhere around $2500 per month for a family of 3. By that I mean we have 1 account that we live off of and it receives right at $2500 per month from direct deposit. Bills, food, fuel, spending cash some from that account. It's always under $100 on payday. It's setup like that for budgeting purposes. We change the direct deposit based on the budget. It's been there for about 19 months now. Cutting daycare would save ~$360. If I wasn't feeding my wife and son, that would get it down some. I carry 250/500/100, $100 deductible G, $0 deductible D, $10k C, R on my wife's car. I carry 500/500/100, $100 deductible G, $0 deductible D, $10k C, 500/500 U on my truck. I have a PLUP roughly $200k in PAPs. So just cutting insurance back to what normal people have I could save $150-175/month. Insurance is our biggest expense per month outside of I guess food. Our house is total electric. Last month our bill was $95. We live on well and septic. The city trash bill is I think around $15 per month. I usually pay $200 at a time so I don't have to pay it for a year. I think I'm paid until October or so. My wife drives about 24k miles per year, but drives a Hybrid. On it's worst day it will get 32mpg. It averages mid-30s and we got a best of 42mpg driving to Florida with it. Round trip to Orlando was $225 in fuel. I buy 1 tank of diesel every 4-6 weeks. Our standard of living is just different than a lot of people on here. I'm not saying it's better or worse than anyone else. But it is different. It wouldn't work for everyone. It works for us. When I paid my house off in 2013, that was the first year my wife and I had ever broken $70k combined (and just barely). In 2014, we both got promotions within 2 months of each other and broke $80k for the first time (but not $85k). We'll do better this year because we'll be getting our higher rates for the entire year. So we're not exactly rich. My wife and I make within $600 of each other on our base salaries. Neither of us have degrees. She gets an allowance of $30 per week. She got $25 per week when we first married. About 4 years in, she got a raise. As hard as that may be for people to believe (actually most people don't believe it when they first hear it), it is true and there are people here than can vouch for it. My family, her family, all our friends, etc. know the situation. They don't all agree with it. We don't hide it. It's different. It's somewhat extreme to most people. July we'll be married 11 years. It works for us. It's not changing anytime soon. Anyway, I don't live off $1200 per month. I'm just looking at the fact that if I cut the undisciplined 2 of 3 in my current situation, the additional kid costs and my excessive insurance, I think living off 50% of our current budget would be a breeze. [/QUOTE]
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