Good retirement in Hawaii

Our wedding day (1980):  David and I in the front; his father, aunt, and uncle in the back:

Wedding Photo-A

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.

6 Responses to “Good retirement in Hawaii”

  1. Christine Says:

    You’re so lucky to have an inheritance.

  2. Tom Sightings Says:

    Sounds perfect. I wouldn’t rent out your room unless you had to, for the peace of mind. But it’s nice to know it’s always there if you need extra money.

  3. Beatrice Says:

    Yes, you are very fortunate, Gigi, as we are as well for many of the reasons you noted in this post. And, we are also “thrifty” in many of the same ways, not to the point of “penny pinching” but in making careful purchases and taking advantages of sales and discounts too. Many others could have more $ if they also “practiced” the same methods…spending wisely isn’t a secret.

  4. honoluluaunty91 Says:

    How nice! Good to know about Tuesday theatre discounts – even on the popcorn!

    Your wedding picture is wonderful, with your pikake leis.

    Interesting to know that you took out a reverse mortgage. I always wondered about those – if they really work out.

  5. DJan Says:

    You are both very fortunate. 🙂

  6. anonymousinthemainland!!!!!!!!!!!!!!! Says:

    You both could not afford the taxes, cold, ice and storms Washington state has had since Oct 2016 worst years for these since the weather service started tracking them..Taxes soared this year in our little village, people rent houses for an enormous amount & they are not really that at all…We go to the beach and stay for free in a cabin our childhood friend’s family has owned for about 90 years of course it is cold most of the year and we visit friends having the bounty from the sea, many are not so fortunate, you live in one of the few states whereby the citizens are happy, it must be the sunshine and blue skies and the attitude of its people. Not here in Washington state highest suicide state next to Oregon & they do have assisted suicide here to boot..Aloha in paradise!!!!!!!!!!!!

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