Sentences with phrase «between essential expenses»

Or you could just rely on draws from savings to fund both the gap between essential expenses and Social Security income and your discretionary spending.

Not exact matches

A concept you might find useful is to differentiate between essential and discretionary expenses.

The distinctions between needs and wants will be different for everyone, but once you have your list, it makes sense to match essential expenses with guaranteed income — money that you can't outlive — like Social Security, pensions, and lifetime annuities (which let you convert savings into guaranteed income).