I need to confess something: I am freaked out about being able to live within a budget in early retirement.
I know we can do it big picture, and our spending these last few years doesn’t have to change much at all to be in line with our early retirement budget, but we’ve always had a huge safety net built into our finances up to this point. If we spent too much one month, no big deal — there was another paycheck coming in at most two weeks, plus there’s the life happens fund for big ticket items like an unexpectedly large federal income tax bill.
But in just over a month, that safety net disappears. There’s no more continual cash flow to pick us back up if we fall down.
Those of you reading who are traditional budgeters might be puzzled by all of this. “How on Earth,” you