Sure, right, but why the heck am I working my brains out and saving 30 or 40% of our net income, unless I get to blow money in retirement? |
Oh they do. Plus kid expenses. |
Fine wines.
Also, I was thinking of developing a cocaine habit - because why the hell not? |
fine, I can see it if you have daycare expenses, but this is about retirement. You shouldn't have to pay daycare in retirement. |
Yes, something that can't continue forever, won't. |
thanks for the link |
Which still leaves almost $50K -- the average person's gross salary -- unaccounted for. So I ask again, what are spending your money on? |
I didn't add in utilities, life and car insurance, etc. DH blows $24,000 a year on his Am Ex. |
On what??! |
What kid expenditures do you have? Are you having kids at 55?!
Why not blow some money now instead of waiting until you're old to have fun with your money? |
I don't think this is bad. Only $2k/month. We generally spend about $6k/month on our 2 credit cards. |
I'm gonna guess hookers and blow... |
But what are you spending it on in retirement is the question. The credit card is just a medium unless you're paying off debt. |
Food, alcohol, technology, stuff for hobbies. Nothing spectacular. |
We are saving $250,000 per child for college. We will be 62 and 59 when the youngest graduates from college. |