General Discussion
In reply to the discussion: CNN layoffs [View all]kelly1mm
(4,732 posts)mortgage, no cable bill, heat with wood (from our property), have solar panels, paid off cars (bought used for cash), have a big garden (almost an acre), have chickens, 3 goats, and a pig for food. We are still in MD and our property taxes on 4 acres and a small (sub 1000 sq. ft) house are under $1000 per year out in Garrett County. All together, out monthly expenses are less than $1000 out of pocket. While the teacher's pension will be nice, it does not kick in for 9 years. In the mean time we will be living off out investments that produce $1100 per month in dividends. Once we turn 55 (in 9 years), out income will go way up due to the teachers pension, but we are not strictly counting on it.
Closer in to DC/Baltimore, the costs would be MUCH higher, as you know.