[quote=spdrun]What’s wrong with one spouse working part-time? Or even both being on flex time?
Drive used cars, buy a duplex or 50-year old home, don’t renovate the kitchen/baths if they’re functional, plenty of electronics to be had cheap on Craigslist, etc.
Live like 30 years ago, not like in 2016. If you have any extra money, use it for travel (student style not fancypants) rather than acquiring more useless toys.
SS is no real issue:
40 quarters means 10 years of work with at least $1260 pay per quarter. i.e. 10 1/2 hours of work per week at $10/hr assuming one week off per quarter.
Any part-time job should cover that.[/quote]I absolutely agree with this, spd and thanks for your post. Actually, the seniors around me still live like this. (The millenial renter families live in rehabbed homes.) I think its financially prudent for families to live like 30 years ago, no matter WHAT their household income is. When my kids were young, we lived pretty far below our means and always had savings and investments and ALWAYS took road trips with camping gear and/or trailer in tow and stayed “free” at relatives’ homes, cabins and ski lodges (brought lots of “cheap” CA wine to share, lol). Yes, even coast to coast. But most millenials today (whether or not they have kids) want the newest and latest everything. Many can’t even move into a house they just purchased without first taking delivery of all new furniture, and in some cases, appliances. Their level of consumption is just staggering to me. Even my kids actually throw away decent items that they’ve grown tired of (clothing, shoes, accessories, etc).
