It's 2 reasons. We usually treat friends/family when we eat out. Probably on average 2 times per month, resulting in "overages" of a few hundred dollars. The other is that we are including restaurants when we travel and those tend to be more expensive than those we frequent at home.Biscuits and Gravy wrote: ↑Fri Mar 01, 2024 9:39 amNot that reducing this line item matters financially at your income level, but I am intensely curious how two people manage to spend $1800/month on food. Is there some waste reduction that could happen here?
MedSaver's Journal
Re: MedSaver's Journal
Re: MedSaver's Journal
So close to the $4 million! But you'll get there, no doubt.
Do you have a favorite dining out experience that you can tell us about? A favorite chef, or favorite restaurant?
Do you have a favorite dining out experience that you can tell us about? A favorite chef, or favorite restaurant?
Re: MedSaver's Journal
April 2024 Update
Assets:
IRA/Brokerage/403b/457/cash: $3,348,966
Estimated Home Worth: $1,200,000
Liabilities:
Mortgage: $661,918 @ 2.75% fixed
Net: $3,887,048
Assets:
IRA/Brokerage/403b/457/cash: $3,348,966
Estimated Home Worth: $1,200,000
Liabilities:
Mortgage: $661,918 @ 2.75% fixed
Net: $3,887,048
Re: MedSaver's Journal
The only thing I can say is, if you love food, go to Tokyo. They can do almost everything very well.
Re: MedSaver's Journal
Wondering if you're read any pushback on the 4% or 3% rule. Specifically: https://www.madfientist.com/discretiona ... -strategy/
For folks with a serious nestegg like yourself, this strategy becomes possible specifically because discretionary spending eats up a large amount of ongoing spending (in madFientist's example, his is 50%).
I'd be curious to hear your thoughts as I'm in a similar boat NW wise and flirting with these ideas myself.
Also, any specifics eating in Tokyo? I'm planning on going this Fall. Cheers and congrats on your continued successes!
For folks with a serious nestegg like yourself, this strategy becomes possible specifically because discretionary spending eats up a large amount of ongoing spending (in madFientist's example, his is 50%).
I'd be curious to hear your thoughts as I'm in a similar boat NW wise and flirting with these ideas myself.
Also, any specifics eating in Tokyo? I'm planning on going this Fall. Cheers and congrats on your continued successes!