When you eliminate the three major expenses, house, car and gas it is surprising how little you need to live on.”
Now if we could only do something about property taxes, school taxes and mandatory insurance on the residence all of which keep increasing every year, we would be fine. My taxes and insurance cost way more than my house payment ever did.
Don’t forget utilities..water, gas, electricity, telephone, internet, plus groceries,as well as medical, dental and long term care insurance !
Also consider home maintainance...it’s no small item replacing furnaces, central air, roof, etc !