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What kind of lifestyle you could have in retirement.
Comments
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Well done, but I also don't know how you manage on that amount. Just wondering if you have a car?stronginthesun wrote: »ive budgeted £12000 a year when i go early 4 years short of retirement . single no mortgage no kids just bills . that figure includes holidays as well . once the state kicks in i should be well off .0 -
Gin_and_Milk wrote: »I'm genuinely intrigued as to how you could manage on this and have holidays too? I see a lot of threads posted by people who have huge pension pots and it makes me feel thoroughly inadequate!
I reckon a single person with house paid off only needs about £7k to get by.
So an additional £5k would easily pay for holidays & a few luxuries0 -
Seriously?!
Just my council tax is £2180.Save 12 k in 2018 challenge member #79
Target 2018: 24k Jan 2018- £560 April £26700 -
I'm quite surprised that the 'minimum' level of eating out is one restaurant meal and 2x takeaways monthly.Save 12 k in 2018 challenge member #79
Target 2018: 24k Jan 2018- £560 April £26700 -
I reckon a single person with house paid off only needs about £7k to get by.
So an additional £5k would easily pay for holidays & a few luxuries
Not if you live in a flat with a hefty service charge. Current service charge + council tax for me is £8K a year, and that's before you add in 'luxuries' like electricity, gas, telephone, insurance, water and food.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
I reckon a single person with house paid off only needs about £7k to get by.
So an additional £5k would easily pay for holidays & a few luxuries
I agreed. Apart from the mortgage & pension payment, my monthly bills add up to £400 per month apart from holiday, shopping funs and so on.0 -
Not if you live in a flat with a hefty service charge. Current service charge + council tax for me is £8K a year, and that's before you add in 'luxuries' like electricity, gas, telephone, insurance, water and food.
Then dont live in a flat with expensive service charges.
My bills are just under £300 a month. If I were single that would drop to a bit under £250. Food for just me would be about £100 a month. So thats about £4k for the absolute basics.0 -
I am interested that the 'minimum living standard' only includes contents insurance. I am no fan of paying for insurance I don't need but I see buildings insurance as pretty essential. I pay less than £100 a year for buildings & contents.0
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Just over £3 a day for food is low. I thought I was economical with food but I spend way more than that.Then dont live in a flat with expensive service charges.
My bills are just under £300 a month. If I were single that would drop to a bit under £250. Food for just me would be about £100 a month. So thats about £4k for the absolute basics.0
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