Does anyone actually follow the 50/30/20 budgeting plan?

@SW-User I'm more than sure you've had more than a few days of that. I was lucky. When I was in my single-parent days I was fortunate to always have the income we needed, but I know that is the rule, it's more the rule that the parent goes without.

@Ontheroad As long as I can make it work for him, I'm good. They always come first 🖤

@SW-User 🥰

@hunkalove It's not up to President Biden, it's up to Congress. President Biden has no real play in it, other than to sign a Bill that would fix it.

@Ontheroad He could lead the way, which is what the president is supposed to do.

@hunkalove I agree with the idea of our president leading the way, but it needs to be an all-encompassing plan that no president has, to date, come up with. Presidents and their staff don't have the chops to even get close to any good ideas.

Congress needs to fund an independent commission (devoid of politics AND politicians) and get the job done.

@Tastyfrzz Nope, I retired early. I had my retirement funding and health care plan/costs set in stone, and the $4k figure was just a for instance figure.

@Ontheroad On the verge of retirement of some form myself. Savings, 401k, SSI and a small pension from a medical company should allow me to buy a gallon of milk. Everything is paid for but maintainance, insurance, taxes, gas, electricity, water, phone and internet will add up to a pretty penny. Thank goodness I don’t have any expensive vices. Downsizing will be crucial but painful. Lots of tradeoffs will need to be weighed. Living outstate is cheaper but its too inconvenient once one gets a few years older. I know a lot of folks who have done it but now think they made the wrong decision. It comes down to how healthy you are and how long your brain keeps functioning.