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Originally Posted by safari
I don't budget. I am saving on average about $3,500 a month (which includes 401k). Like Steve, I know what the prices are and will only buy the things that are reasonably priced. I am sure I could save a few more hundred a month if I wanted to, but I do like to splurge from time to time on things like concert tickets, european vacation once a year, NBA season seats, etc. I estimated that I should be able to retire comfortably by the age of 60, if not sooner.
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I'd say I'm about the same. Not saving $3500/month (I wish
), but just buy things that are reasonably priced and splurge every now and then...concerts, round of golf, etc... I'm on top of my monthly bills and just take it from there.
I move any money that I don't need weekly from my checking account to a MMA. That works good for me because for some reason I treat that money as if I can't touch it even though it's not my emergency fund. And if I do touch it, I "charge" myself a "penalty". In other words if I take out $100 or $200 for something I have to put in an extra $50 when I put it back. Some people find that weird but it works for me.