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  1. WE live a pretty decent life on £800 pcm – and I pay and overpay a mortgage on that.

    But lets just agree that the mortgage bites the dust in 3 years.

    My state pension would be £600 – so to match our current lifestyle I need to make only £200 per month extra.

    Of course I don’t always want o live so frugally -too darn close to the wire, but nice to know that the “basics” are nearly taken care of.
    Elaine@mortgagefreeinthree.com recently posted..Naan BreadMy Profile

  2. This all sounds really reasonable but… I find it very difficult to calculate how much I’ll need in retirement because there are many things we don’t know. For instance, I’ll need much more if I get seriously ill (like have a stroke or something); on the other hand if I get dementia I’ll need care but won’t know about it (and I have left instructions in such case to be taken somewhere and left to perish). So I intend to play it safe – and become really wealthy before I get old.

    Second, starting early is a good point; however, for the people who have not started early – please don’t fret; start now and save big (particualrly if you are in the time of life when incomes peak and expenditure on children ends).
    maria@moneyprinciple recently posted..The Money Principle was Included in Six Carnivals This WeekMy Profile

  3. Even with the average lifespan of 85 years, when I estimate how much I need for retirement, I assume I’ll live to 95. I’d rather plan for living longer, then plan for living until 85 and figuring out how I am going to pay for things when I run out of money because I lived longer than 85.
    MoneySmartGuides recently posted..The Round TableMy Profile

  4. One of the easiest places to save money is on your car insurance! You can go on line and get FREE quotes from he top providers and comapare them side by side.

    I did this and then showed the results to my insurance agent at State Farm and they matched the lowest offer and I saved $250 with abiout 30 minutes work!

    And don’t fall in the trap of asking your agent to save monmey and they just tell you to raise your deductibles. All you are doing then is paying less for less coverage. Instead ask them what special deductions yuou may qualify for. For example there are cost reductions for Safe Drivers, Low Mileage Drivers, Good Students, Having attended driving school or even being a member of certain groups like AAA or even costco.

    So check it out. You pay car insurance year in and year out so any money you save will not just be for toaday but for EVERY year!
    Mark

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