[speaker001:] um I kept a monthly budget for so long I don't have one now but I sort of know where it is I know where my expenses are and how much I have to cover them how about you
[speaker002:] well I don't have anything um a budget written down per se but however I I know exactly where my money goes for the most part as far as expenses yes um-hum
[speaker001:] uh-huh yeah do you do
[speaker002:] oh yeah I think in this day and time we need something like that don't we
[speaker001:] yes I keep hearing that we're supposed to pay ourselves first and set aside our savings first are you are you able to do that
[speaker002:] um-hum
[speaker001:] that helps doesn't it
[speaker002:] yes it does
[speaker001:] back when we were I'm I take it you may be past raising a family is that true
[speaker002:] yes
[speaker001:] that back in those other days we couldn't do that could we
[speaker002:] no other things came took priority
[speaker001:] like doctor bills and things like that
[speaker002:] um-hum that's for sure
[speaker001:] yeah um are you planning ahead for retirement through your your uh savings and things
[speaker002:] yes you know that's interesting because I was talking at someone in the office just this morning about the retirement and what we would like to have when we retire and how we're going to get there
[speaker001:] yes
[speaker002:] it's really hard to anticipate in advance what you think you're going to need okay and then try and plan now
[speaker001:] um-hum
[speaker002:] because things come up
[speaker001:] um-hum
[speaker002:] but I think now we're at the age where it's really very important
[speaker001:] well one of the things that my husband has he he works with financial things and uh he's been trying to
[speaker002:] you know
[speaker001:] he keeps saying well we need to sit and find out how much we want and and I think that's true but like you said it's hard to do
[speaker002:] um-hum
[speaker001:] one of the things that we've done towards that is um buy nursing home insurance have you all thought of that
[speaker002:] oh no I hadn't even thought about that we have investments to uh alleviate some of the cost of our old age hopefully in in terms of uh an apartment complex
[speaker001:] um-hum um-hum
[speaker002:] we've been partnership with uh some other people
[speaker001:] oh that's sounds that sounds good
[speaker002:] but it's not going to provide a whole bunch of money I mean it it might might pay the utilities
[speaker001:] um-hum um-hum
[speaker002:] you know at at that point in time uh and hopefully our investments with TI will help our retirement our retirement years
[speaker001:] well the uh if you have the retirement fund at place like that they're usually fairly good
[speaker002:] um-hum
[speaker001:] I know mine I'm we've gone through some mergers and my retirement has has ended uh the plan has ended three different times this year
[speaker002:] is that right
[speaker001:] so
[speaker002:] that's not very encouraging is it
[speaker001:] uh no because uh of the changes that came about in the government requirements and then in uh in merger requirements
[speaker002:] um-hum
[speaker001:] but um my husband was looking into the nursing home insurance is it's it's really is an investment you hope you never have you use but uh you have to be so careful of what it will pay and what it won't pay
[speaker002:] when you buy something like that in advance how can you be sure that well I guess you don't really buy into the nursing home do you
[speaker001:] oh no no it's an insurance policy
[speaker002:] you buy it's a policy that will pay for your nursing home should you need it
[speaker001:] um-hum it pays a set amount
[speaker002:] hum
[speaker001:] and uh and you talk to your insurance agent about there's special companies now that are doing it
[speaker002:] um-hum
[speaker001:] and they set them up I know ours is a set amount each year and it has a maximum amount over a thirty month period and uh it you know it has you need to read the policy and look into what it covers
[speaker002:] um-hum
[speaker001:] I guess I'm conscious of that because my mother's in a nursing home and uh I think we we learn from our experiences
[speaker002:] oh I think that's very true and that brings it more to home when it happens close to home
[speaker001:] yeah it does
[speaker002:] um-hum
[speaker001:] but uh I think one of the main things that we in the past always talked about was not having any major expenses to budget for when we do retire
[speaker002:] um-hum and if you got that covered I want to travel personally and I want to be able to get around
[speaker001:] oh yes oh yes
[speaker002:] don't we all right
[speaker001:] at least two three trips including a cruise every year
[speaker002:] at least
[speaker001:] at least
[speaker002:] at least
[speaker001:] you know
[speaker002:] well it sounds like we have some good plans anyway
[speaker001:] it would sounds like we do
[speaker002:] um-hum
[speaker001:] and uh you're you're leaning more towards investments and things like that to do yours then
[speaker002:] right I don't know how sound that is perhaps your way is is a is a more sound proposition you know
[speaker001:] well we do that too you know you can't then the insurance policies are just things to kind of buffer in case of unexpected things
[speaker002:] um-hum um-hum and that will always happen
[speaker001:] oh yes but uh the investments are something that you have to plan for and get your there was some new things