To explain my “approach” to budgeting I first have to explain my basic philosophy of money. My goal in life is to die a pauper. Having said that, I do not want to live like a pauper. My family is very well off. They are far from wealthy but unless something unusual happens they will never want for anything. My 3 grandkids will be able to go to the college of their choice without any help from me. I have no desire to leave anybody any money. I never really planned for retirement, and I do have a little nest egg, but that is the key word, little. Since I have retired in 2019, I have traveled to the Grand Canyon, Hawaii, London, and Paris. Later this year we are going to Italy. Naturally Covid cut into our travel plans in 2020. I play as much golf as I want but I play golf courses that are more senior and price friendly. I do not do as much travel golf as I once did. I am having too good of time to bother with a “retirement” job at the moment. I cannot rule out that I won’t ever get one, but for now, I don’t see that in the near future. I will consider myself a pauper when I run out of money and only have social security to live on. There are some things that could happen that could stop me from achieving my goal. I could die suddenly of varies ailments or injuries. I think most if not all of my money would go to my family. I have a will, but I don’t remember what I bequeathed and to whom. I do know I did not give anything to any organization because I hate them all. What would be better is to be told that I have a finite period to live and go crazy baby. If I live that long, I plan on running out of money between 81 and 83 years of age. Right now, with the way things are going I won’t do that. Not the way you think either, I still will have money, so I am going to free myself up a little bit as time goes by and spend a little more. I do have my money invested and since 2019 things have gone pretty well, but naturally that can always change. In a nutshell, my approach to budgeting is to be broke in about 8 to 10 years, sit around watching basic cable, have some sort of internet connection, eat about 2 meals per day, and drink tap water. Of course, I need a roof over my head, but I think social security will cover by basic age 80+ lifestyle. Who knows maybe I will be able to play golf 6 or 7 times per year. That is some kind of approach, don’t you think?
The Goofy Game of Golf/Life Searching for the Answer
Sports Food and Meditation, making life work
The Goofy Game of Golf/Life Searching for the Answer 