Downsizing and living off one income intentionally. Have you done it? How did it work for you?

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  • Melzine
    Melzine Posts: 187 Member
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    And you can do this!!
  • vicky1947mfp
    vicky1947mfp Posts: 1,527 Member
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    You are young enough to make this work. You don't have to keep up with the Joneses. We went through a rough patch when the economy tanked in 08. We used Dave Ramsey's philosphy. We ate at home. I did not buy clothes and have since bought anything I "needed" from consignment shops. I wish I had started that when I was young. It is surprising what you can get with tags still on - Talbots, Chicos many brand names. We drive our cars for 10 years.

    You just have to want your choice and be happy with it. It was forced on me but we managed and are much stronger for it today. Both our parents have passed and we each received a sizable inheritance but now we know that we need to be wise with it and not squander it. We will be needing some for our retirement. We are both 68. Oh! And I still shop at consignment shops! Love them.

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