What did you forget in your budget planning?
We are going FT next spring and, being the overplanner that I am, I have about a dozen different budgets. I'm curious about other peoples' experience with budgeting, specifically what budget line item...
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Spouse set up a very detailed budget when we went full timing 8 years ago and we still use it today. We take into account even incidentals such as hair cuts, book, purchases, magazine purchases, etc. We basically log in every purchase that we make so we did not really have any surprises. However, there are some things during the year that may cost more that particular year and others less. And even though we are retired, we pay into our savings a set amount at the beginning of each month. Being debt free is also essential in our opinion.
