Our wedding day (1980): David and I in the front; his father, aunt, and uncle in the back:
People often ask how we manage to live in Hawaii, the most expensive state in the nation. Our answer is we take advantage of discounts, sales, and special deals.
Today, David and I will have lunch at the Cattle Company in Pearl City, a short drive from our home in Honolulu. David will have his meal for free, because the restaurant sent him a gift coupon for his 68th birthday. It is good for one week prior to his birthday and three weeks after his birthday. I will have to pay for my meal, because it isn’t my birthday. The meal includes bread, salad, soup, steak and seafood, a beverage, and a dessert. Not bad!
In 2011, we got a reverse mortgage on our home. Our two mortgages were erased, and we received $160,000 in cash from the bank. We get to live in our 3 bedroom 2 bath house for very little. We pay only the property tax and the home insurance premium. No mortgage, no maintenance fee, no rent. We can live in our house until we die.
David takes advantage of Discount Tuesdays at the movie theaters. Instead of $9.00 for admission, he pays $6.00. Instead of $6.00 for popcorn, he pays $3.00. He does this every Tuesday.
The lawn mower he purchased a few days ago was on sale. Instead of paying $319, he paid $269. And, of course, by mowing the lawn himself, he doesn’t have to pay the landscaping company $100 every time they come.
We have decided not to rent out our guest room this year, because we have enough money to live on: My inheritance, our reverse mortgage, and our IRAs plus Social Security.
I think that we have a good retirement, and I have no complaints right now.