Typical Budget for an retired couple

DoneWorking

Hi

Are there any links to websites with typical costs for a retired couple

I know everyone's circumstances are different but just looking for info 

Particularly

Monthly costs for following  Food
Car 

Entertainment

Clothes 
Holidays

Energy

Etc

eskbanker

It is one of those 'how long is a piece of string' questions but one example of typical retirement budgets at three different levels (essential, comfortable, luxurious) is at https://www.which.co.uk/money/pensions-and-retirement/starting-to-plan-your-retirement/how-much-will-you-need-to-retire-atu0z9k0lw3p

Edit: even though this board's name includes 'budgeting' (which never has been a particularly good fit with 'bank accounts'), you'll probably find more traction on the pensions board, which includes 'retirement planning' in its full title and so discusses this issue more frequently than seen on this one....

https://forums.moneysavingexpert.com/categories/pensions-annuities-retirement-planning

DoneWorking

Thanks eskbanker

pedrodelgado

DoneWorking said:

Hi

Are there any links to websites with typical costs for a retired couple

I know everyone's circumstances are different but just looking for info 

Particularly

Monthly costs for following  Food
Car 

Entertainment

Clothes 
Holidays

Energy

Etc

What's any of that got to do with being retired? Aren't they the things most would spend money on if they are retired or not? Pretty simple to work out i'd say. 

ZeroSum

Define typical?
How often do you want to go on holiday?

Robin9

How many grand children ? What age ?

DoneWorking

pedrodelgado said:

DoneWorking said:

Hi

Are there any links to websites with typical costs for a retired couple

I know everyone's circumstances are different but just looking for info 

Particularly

Monthly costs for following  Food
Car 

Entertainment

Clothes 
Holidays

Energy

Etc

What's any of that got to do with being retired? Aren't they the things most would spend money on if they are retired or not? Pretty simple to work out i'd say. 

If you have nothing to say it's best not to say it

Your comment is unhelpful 

DoneWorking

eskbanker has provided the info I was looking for

Thanks for all replies

gambleruk

Also the Over 50's Money Saving as a great thread How much to live on which many people have explained their budgets 
https://forums.moneysavingexpert.com/categories/over-50s-money-saving

RG2015

DoneWorking said:

pedrodelgado said:

DoneWorking said:

Hi

Are there any links to websites with typical costs for a retired couple

I know everyone's circumstances are different but just looking for info 

Particularly

Monthly costs for following  Food
Car 

Entertainment

Clothes 
Holidays

Energy

Etc

What's any of that got to do with being retired? Aren't they the things most would spend money on if they are retired or not? Pretty simple to work out i'd say. 

If you have nothing to say it's best not to say it

Your comment is unhelpful 

The tone of the comment may be condescending but it does raise an interesting sub-topic.

I am retired and much of my expenditure remains the same. Crucially though, we are far more focussed on value for money.

When I was in salaried employment, I was able to afford most of what I wanted. I also was fortunate enough to enjoy inflation beating annual salary increments.

This has all changed now that my annual increases fall short of inflation.

I plan my finances as best I can, but with fuel and energy costs in particular, I constantly need to keep a close control of my budget. Inflation is the most pervasive enemy.

Bottom line is that being retired means losing the ability to negotiate a higher income based on activity or performance.

(Unless of course I re-enter the employment market. Perhaps as a financial adviser. )

Marmaduke123

I remember my retired father's finances being wrecked during the 1970s inflation period. He was on a fixed income while we were receiving cost of living increases twice a year from our employers.

I'm hoping the same doesn't happen to me! I'm quite comfortable now, but won't receive private pension increases anywhere near the inflation level.