1. Vacations - My son did a destination wedding last year. Right after the ceremony it started to rain and didn’t stop until a week after we left. Other than that, no vacations.
2. New vehicles - Bought my Jeep new in ‘08. Expect it will be the last new car I own.
3. To pay off debt - I am actually counting on elderly relatives to die and leave me something to dig myself out of my debt hole.
4. Emergency savings - I just checked - $435.67 in savings
5. Retirement savings - A little better, about $26,000, but then I’m 52, so retirement ain’t gonna happen.
6. Medical care - I earned so little that I didn’t even qualify for an Obamacare subsidy. They put us on Medicade
7. Dental work - Haven’t seen a dentist in over 10 years.
In 2005 I lived in a half million dollar home and earned six figures. Today I live in a $200K home (if I’m lucky) and earn $23K between my wife and I.
Thank you, Obama.
The one thing I did right was retirement. I wasn’t expecting to get a pension when I started.