My Retirement Budget - I Need Your Help!

In this video, I walk you through my retirement budget. I explain what I am doing and why. And I ask for your input on helping me optimize my plan. The idea behind this video came from watching a video about living solely on Social Security income by Buzz's Retirement Garage and the many suggestions offered by viewers in the comments. I hope you will be as generous with your comments as Buzz's viewers were with him.

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Intro: 00:25
Home-Related Expenses 01:45
Utilities and Communication Services 04:19
Auto and Other Daily Transportation 09:13
Food and Dining 11:07
Personal Care 16:03
Travel and Entertainment 17:29
Life and Long-Term Care Insurance 18:56
Office Supplies 22:55
Tax Software 23:15
Non-Mortgage Debt 24:12
Conclusion 24:57

Disclaimer:
EVERYONE'S FINANCIAL JOURNEY IS DIFFERENT. YOUR PERSONAL FINANCIAL SITUATION IS UNIQUE. NOTHING CONTAINED ON THIS YOUTUBE CHANNEL NOR ANYTHING CONTAINED IN THIS CONTENT & INFORMATION ARE INTENDED TO PROVIDE FINANCIAL, LEGAL, TAX OR OTHER ADVICE. NO FINANCIAL DECISIONS SHOULD BE MADE SOLELY BASED ON THE INFORMATION PROVIDED ON THIS CHANNEL OR THE CONTENT & INFORMATION PROVIDED THEREIN. THIS CONTENT IS PROVIDED FOR INFORMATIONAL & ENTERTAINMENT PURPOSES ONLY & IS NOT INTENDED TO BE A SUBSTITUTE FOR ADVICE FROM A PROFESSIONAL FINANCIAL ADVISER OR QUALIFIED EXPERT.

[OurRetireEarlyJourney]

Solid budget. Car insurance & food expenses are the only 2 areas where you might be able to save additional money. We use Amazon subscriptions a lot for household items & food to save on costs. We are not planning on having life insurance upon our retirement. We understand though why you have it. We are planning on having enough money in case one of us passes that the other will be okay. It will make us work a little longer to have that security but its worth it to us.

[richsimon]

I think you may want to get a Progressive Insurance quote

[dancurran]

We have Verizon Home Internet for $50/Month. Verizon usually has combo deals with phone lines but I have Mint Mobile for $15 a month per line. It's not unlimited data but I hardly use phone data because home wifi covers it. Regarding insurance, my rule of thumb is if I see them on TV commercials they charge too much. In California we have a couple lower cost insurers. Our state's insurance department compares rates for a typical car. Your state may do the same. My car insurance includes roadside assistance for a couple dollars a year. Are you paying for AAA? Regarding cars, it sounds like you have two cars. We only have one car for a while now. You are doing a good job tracking your budget!

[bobb]

Great detained budget. You know where your money is going. Lots of places you can cut if you want to. I would get rid of the time share. Your HOA dues are high. Looks like you have full coverage on the autos do you really need it and do you need two cars?

[brendabrenda]

Hi Scott, you might want to think about getting a Roku and subscribing to Sling. I am thinking Sling would have the channels you and your wife would both enjoy.
Are you retired now or getting ready to retire? Good luck on your YouTube channel. I subscribed and liked 👍

[marymacomber]

Hi Bob I think you need to really look at how much monthly income is going to be coming in compared to what you have now, Things change when you retire, You will have to figure that out first, Too much detail will drive you crazy. As far as household items meaning dish washing, baggies, foil, I buy them a few times a year at my local BJs wharehouse club. I do not have a costco . I watch Buzz's Retirement Garage he gives better imformation as where he located, that matters. I wish you luck