Today is the Day
Today we start our first month of living off our pension income. Our pensions were electronically deposited today. For the next four months, we are supplementing our budget with $400 per month that we saved for personal money and clothing, since it isn’t worthwhile for us to work the rest of 2015 since we don’t want to pay a higher rate of taxes and don’t want to increase our parent contribution for our daughter in college, as calculated by FAFSA. We plan to work for our personal and clothing money beginning in 2016, since we don’t want to draw on our retirement fund until it is larger.