Reply to Empty nesters... financial impact of kids leaving?

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[quote=Anonymous][quote=Anonymous]I'm curious how much your day to day expenses changed after your kids were fully launched. I know the college years are still expensive, but after that?

I'm trying to get a better sense of what my budget might look like in retirement. It feels impossible to disentangle the money I spend on my kids with the money that my husband and I would still spend when they leave.

Did everything go down across the board? Was it actually not a big change at all? Thanks for any insight![/quote]

Assume the house and costs of occupancy like utilities remain about the same.  Most leave launched on cell phone family plans and depending on costs you might pick up a spouse.   Cost of new phones?  Your choice to have them purchase it 100% upfront or have a monthly cost added to the bill.  For our adult dc's that has been a variable even for the same dc.  If a vehicle isn't in your name you cannot have it on your car insurance policy so it's your choice to reimburse them or not.  [b]Judge what you're willing and able to pay for without compromising your health or finances.[/b]

We have a BIL in poor health where BIL isn't retiring due to mega $ monthly financial help to a launched DC + spouse for mortgage, car home-ins, co-pays, food, childcare,  etc.     We help a launched in a very honorable but low paying profession - far from frivolous stuff like the restaurant bills, manicures, pedicures, some extravagant trips, funded by the BIL who can't retire to support of another household.

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