We just completed our second full year of retirement. We kept detailed records of our income and expenses for the first two years. next year's budget will be an average of the previous two years with a few exceptions. Health insurance premiums are significantly higher for next year. Also, we had to replace our refrigerator last year and that has made us want to do a better job of budgeting for big ticket items that happen infrequently, like major appliances, roof, HVAC, cars, etc. Our overall budget will remain the same, all increases will be offset by decreases in other areas. We have seen some reductions in auto insurance, cell phone, etc. Now that we are comfortable in our retirement budget, we will probably not be monitoring income and expenses as often as we did in the past. We uses to track everything monthly, in the future, probably quarterly or annually.
