Does anyone actually follow the 50/30/20 budgeting plan?
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AlienFox · F
Most people need that 800 to cover groceries and gas. Possibly more even for a single household.
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hunkalove · 61-69, M
My Social Security pittance doesn't even cover my half of the rent.
Ontheroad · M
@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.
Congress needs to fund an independent commission (devoid of politics AND politicians) and get the job done.
Tastyfrzz · 61-69, M
$4k a month? You must have waited to 70 to collect social security.
Tastyfrzz · 61-69, M
@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.
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