Which theory to follow?
Listen to who?
Some bloggers even give you more theories to digest. So how?
Nothing beat your own hands on experience.
Diligently track your annual household expenses to know how much is enough for you. No theory. Just hands on experience!
More chun. Right?
Posts
For young adult, tracking of current spending (even for 5 years) is not going to help him in planning for retirement.
ReplyDeleteWhy?
Because his spending is evolving over time .... from single to double (married), kids, education, housing needs... etc
Hence, he has to rely on certain projection to come up with realistic budget (Income and spending).
having said that, actual spending tracking help to monitor and compare so that he does not exceed his budget.
Especially for someone who wish to know how much is enough to retire in X or XX years; it is better to track their annual household expenses closely. When we still have children or aged parents who are dependents; it will be a wild card to know how much is enough? Margin of errors in estimation will be high!
DeleteGetting old usually spend more or spend lesser?
ReplyDeleteI think many of us just worried of medical fee for our old age.
Of course, when we want to be treated at private class. Sure plenty to worry!
DeleteSame as reading investment blogs. Here is FOC!
DeleteSome bloggers will have paid seminars if you want something extras or need their presence in attendance.
So you want?