You are viewing a single comment's thread.

view the rest of the comments →

0
1

[–] thelma 0 points 1 point (+1|-0) ago 

What you need to do is to first decide how much $$$/yr you need to live in the lifestyle you want.

Its the lifestyle that you want is the controlling factor as to the amt. of $$$ you'll need.

Its this value that most people cannot figure out. Why? Because its not easy.

Most ignore or have zero clue about medical expenses that they may or may not incur. And its very hard to predict. I would think that this is the factor that trips up most people.

0
0

[–] OrdinaryFaggot [S] ago 

Regarding general spending amounts, to provide some points for reference.

Last year was the most expensive year of my life after buying a house. $53,000 spent, including a $20,000 down payment and $10,000 in "fixing up" costs. Going forward, I'm thinking I'll be spending closer to $20,000 per year until the mortgage is paid off... but that includes extra large mortgage payments to pay off the 15 year loan early.

My cheapest year was around $13,000 after I graduated, while renting a modest apartment by myself.

So adding in health insurance costs assuming no employer help, maybe $20,000 to $30,000 for a pretty luxurious life as a single guy with no roommates.

So if anyone is regularly spending more than $30,000 as a single person outside of CA/NYC or something, I'd wonder how they're burning that money. But I'm biased, and in a small city in the middle of the US.

0
0

[–] OrdinaryFaggot [S] ago 

Yeah, medical expenses are a tricky variable. My current policy is about $7k per year for premiums, with an out of pocket max around $6k I think. So between $7k and $13k assuming no subsidies. My employer covers most of the premiums, but the numbers are available for reference, and the math isn't hard.

If I didn't have an employer plan, I'd probably look for something cheaper and with higher deductions to reduce the premiums, because my out of pocket spending is typically closer to $0.

Anyway, I think the big takeaway from that blog for most should be that you can get a pretty nice lifestyle with less spending than average.

0
1

[–] thelma 0 points 1 point (+1|-0) ago 

What about the new treatments to increase life spans ?