BIG GROVE TOWNSHIP — The ambient temperature outside was 20 degrees this morning. It was time to break out oatmeal for breakfast and dig into the numbers behind our dreams.
At Thanksgiving we turn inward toward family and friends to work on a plan for next year.
That means being with each other and discussing our potential. Life is on auto-pilot as next year’s activities and budget are considered, determined and planned.
I enjoy budgeting as it relates to planning how our lives will change.
2017 will be the last year before I am eligible for “full retirement” with the Social Security Administration. Mainly, this means an influx of monthly cash beginning in 2018. We need to make it to that mile marker without incurring too much debt. I plan to keep my job at the home, farm and auto supply store at least until then.
Like many baby boomers, I plan to work for income long past retirement. The time since leaving my transportation career well prepared us for cutting expenses and making do with less — the new American condition.
Dreams persist in the real world. Writing a budget is tangible evidence of such reality.
It is easier to write an expense budget than a revenue budget. There is a baseline of fixed and variable expenses that doesn’t change much. Basic costs of living change without doing anything differently. The hard part is figuring out how to pay basic expenses to support our dreams and ambitions, hopefully in sufficient quantity to enable dreams made real.
There is a lot to consider and nothing but time during the extended holiday season.