Retirement can be a great joy if you can figure out how to spend time without spending money.
Before I retired, almost 4 years ago now, I checked and double checked my budget to make sure I could live on my retirement income without working.
It seemed to work out really well, but I’ve revised that budget now every year since then. Costs go up. Things happen that require extra funds. This year is no different, the budget will definitely be revised again.
I read one article that said things should be divided up 50, 30, 20. So I sat down and listed all my expenses. The 50% list has necessities, the 30% list had things I want but not a necessity. And the 20% was savings. My savings includes saving for things like house and car repairs. It's more like a rainy day fund. Without even trying my lists totaled up to be pretty much right on.
I’m sure this will be an ongoing project as things never get cheaper, only more expensive. But there are many ways to have fun and still enjoy life. Joyful living doesn’t cost a cent when you think about it.