By Marie Engen, Boomer & Echo

Special to the Financial Independence Hub

“Money may not be the most important thing in life, but it’s way up there with oxygen.” – Zig Ziglar

How much is enough? That’s a question that’s asked often. Everyone measures the concept of “enough” differently. Some of us think in terms of dollars per month or year:

• $50,000 per year
• $5,000 per month

Or, you may think of a percentage of pre-retirement income:  70-85%.

Many want to know what the “average” Canadian needs, or what “most” people require.

The proper question is, “What is enough for me?”

Related: Budgets, Cash Flow Plans, and Spending. Yawn.

If you are retired, or close to it, I’m going to give you an assignment (should you wish to accept it).  Spend some serious time with this. You are going to make three budgets. Continue Reading…