Billie Kelpin profile image 92

How much can a retired couple get by on each month?


What do you estimate monthly living expenses are for retired people who either rent or don't own their own home. In spite of various costs of living per state, what would you say, ON AVERAGE, a retired couple would need to just "get by" - just basic food, clothing, electricity, gas, transportation. Let's say, estimate from the lowest number to the highest number, between what amt. and what amt.?

 

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LandmarkWealth profile image81

Best Answer LandmarkWealth says

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3 years ago
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tsmog profile image84

Tim Mitchell (tsmog) says

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3 years ago
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    Billie Kelpin 3 years ago

    We put ourselves in a great neighbor by living in an RV. We have no truck and have to move it every six months. It's small, but I have a computer desk and we have a queen size bed. We actually love it. It feels like a perpetual vacation!

TheMoneyMadam profile image75

TheMoneyMadam says

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3 years ago
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    Billie Kelpin 3 years ago

    Dear TMM, very helpful to know that percentage. We sold a house to be debt free and only have our RV payment. I also feel like I want to soar in our business and INCREASE our income. There IS an audacity to hope, but I'm becoming audacious!

dashingscorpio profile image86

dashingscorpio says

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3 years ago
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    Billie Kelpin 3 years ago

    D, Thank you! That's what we found out when we were living in SC about 10 yrs ago. A furnished apt was $800. You can stay in an RV in southern CA for $1200 and under. We essentially live in 460 sq ft., but u don't need much when u can be outside

Penny G profile image74

Penny Godfirnon (Penny G) says

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3 years ago
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    Billie Kelpin 3 years ago

    Penny G, thanks! I like the "read, read, read," and maybe we should add the "write, write, write," (tee hee)