We Lived on Our Retirement Budget for 30 Days — Here’s What Happened

Can you really live on a retirement budget? In this video we share our monthly retirement budget, real expenses, and spending results. We break down our fixed expenses, variable expenses, and sinking funds to see if our retirement budget actually works. We tracked our real spending for the month and compared it to our planned budget. Some categories went a little over, others were under — and in the end we were only about $50 over budget. Not perfect… but pretty close. If you're planning for retirement or wondering how much you really need to retire, this real-life budget breakdown might help you think about your own numbers. #RetirementBudget#RetirementPlanning#LivingOnABudget Timestamps 00:00 Intro – Testing Our Retirement Budget 00:38 Our Budget Testing Approach 01:32 The 3 Budget Categories - Fixed Expenses 02:04 Variable Expenses 02:23 What Is a Sinking Fund? 03:33 Our Actual Spending Results 07:18 Budget vs Actual 08:40 Can we stick to the budget long term 09:46 Final Thoughts – What surprised us. Check out our channel for more videos : https://www.youtube.com/channel/UCwZEfU5vkYMM8_ft_xwaz3g for business inquiries: haven.eileen@gmail.com