Kompany Car
Well-Known Member
- Joined
- 19 Sep 2015
- Messages
- 3,230
That’s pretty much what everyone should do regardless of retirement.Surely the most accurate way to determine annual spending is to just add up the money that leaves bank accounts annually? Most bills are paid by direct debit or credit card. You could look at your statements online for the last couple of years, copy to a spreadsheet and then add it all up?
It allows you to get an idea of what your outgoings are and plan for major purchases like cars or those once in a lifetime holidays.
Most people, like companies end up in debt because they don’t control their cash flow, not because they cannot afford it.