Just finished creating my budget for the year 2023. My first full year of retirement...so it's a new experience for me. A bit scary to see the projected expenses versus the low income and the big shortfall...which means I have to dip into my retirement savings. But then that was always the plan, so it's all good.
Now that I have a budget and a cashflow projection, I know what to expect and can plan for it proactively.
Just discovered your Substack and am intrigued as the financial strategies you seem to be discussing are very much line with how we now live our lives as digital nomads. I'm currently 59 and my husband and are both writers, and except for one fourteen month period, I haven't held a regular job since I turned fifty, but have done a variety of different things, including now running our Substack about our lives on the road.
Just finished creating my budget for the year 2023. My first full year of retirement...so it's a new experience for me. A bit scary to see the projected expenses versus the low income and the big shortfall...which means I have to dip into my retirement savings. But then that was always the plan, so it's all good.
Now that I have a budget and a cashflow projection, I know what to expect and can plan for it proactively.
A good example of how and when budgeting works.
Just discovered your Substack and am intrigued as the financial strategies you seem to be discussing are very much line with how we now live our lives as digital nomads. I'm currently 59 and my husband and are both writers, and except for one fourteen month period, I haven't held a regular job since I turned fifty, but have done a variety of different things, including now running our Substack about our lives on the road.