Retire on $1200 a month? Am I crazy or am I still living in 1957? This is a typical monthly retirement budget for retirees in Johnsville. (For readers outside of the US the amounts shown here are in US Dollars.)
| Rent | $1000 |
| Electricity | 70 |
| Gas | 20 |
| Water & Garbage Collection | 25 |
| Auto Maintenance & Fuel | 250 |
| Phone land line | 25 |
| Cell phone | 70 |
| Cable television | 50 |
| Internet | 50 |
| Food* | 500 |
| Total | 2060 |
* Our food bill, for two, averages $97 a week and we go to Sam’s (You might go to Costco.) for bulk buying every two months and spend an average of $250 per trip. That comes out to $97 a week times 52 weeks = $5044 + $250 times 6 = $1500. $5044+$1500= $6544. If you divide that by 12 our monthly food bill would be around $545. We eat salmon twice a week so be sure we get our Omega 3s. Your food bill might be more or less.
The budget numbers are on the high side. My cell phone bill is about $25 for me and $25 for my wife. If you only have one cell, then your cost would be $25. This is a POP – Plain Old Phone. It’s not an I-Phone or the latest whiz bam phone. We can get calls and make calls. Our cable is also around $25. (No HBO, no On Demand, just basic cable television). But I doubled the price for Johnsville because your numbers might be different. Continue reading Retire on $1200 A Month!