Living expenses after retirement: where do I start?

When retirement expenses come up at dinner, I keep doing the math even after I get home.

Scenes

  • Retirement expenses get me doing the math — When retirement expenses come up at dinner, I come home and start calculating what life will be like without a paycheck.
  • Regular bills will still be there after retirement — On payday, the credit card bill and maintenance fee come out. After retirement, you also need to plan for the days between those payments.
  • Income and expenses may fall on different dates — When reviewing living expenses, look at the dates as well as the total. If expenses come before income, you'll need money set aside to bridge the gap.
  • Just write down the dates for one month — Today, write down only the dates of monthly expenses and expected income side by side. You may spot a gap.
  • You don't have to work it all out today — If some numbers are still left after mapping out a month, those are the ones to check later. You don't have to figure out every month after retirement today.

Stories by Haewol

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