I sat down yesterday and paid (or sat aside) Nov's bills. I forgot 4 items... all 4 auto pays. Added them into the SS budget as we now call it and instead of having $1.70 left, we are over by $78. IF we get the raise in SS like they say, we will have a lot more at the end of billing.
I talked it over with Hubby when he got home from putting ramp on front of parents home.
I showed him what we pulled between both IRAs and SS last year. Also supporting Daughter 4 was 1/4th of that amount. Plus we sold her our car so that was a drop in ins. (I hated the car but was what we could afford cash wise at the time).
I suggested we use His IRA (which we weren't going to use at all) to cover medical *$6400 out of pocket, propane $3000 IF we can keep the heat like we did last year, $1200 for 2022 Christmas and $240 for the umbrella farm ins. That puts us back down to social security and my inherited IRA. We decided part of it would go in savings for the medical, we can put the rest in 11 month CDs (no penalty if pulled sooner). I'll do small CD's so anything we don't need can be rolled over for 2023 which is when Hubby goes on Medicare. This year I had 2 surgeries by Feb. that wiped out my share of the out of pocket. Hubby never has wiped out or even used half his out of pocket but about the time I don't put it aside he will need it. That's why I figure we will end up rolling over part of it.
I sent budget to both our IRA guys. they felt that was really good as when they figured it out we were dropping the budget by almost 60% .We figured the in social security could cover clothing, shoes, groceries and stocking up.