Spending

Why does my annual discretionary spending amount go up? I thought it was supposed to be the same every year.
When the discretionary spending amount jumps up to a higher amount at one or more times during a lifetime, this is often due to what is called a "cash ...
Thu, 18 Jun, 2020 at 10:36 AM
One year in my plan has a large negative number in the Total Spending column. Why?
We treat the proceeds from home sales as negative spending on housing. In years you sell homes, your total housing expenditures, and, potentially, your tota...
Thu, 18 Jun, 2020 at 10:36 AM
How do I leave an inheritance for kids?
On the Settings and Assumptions screen for the profile you can specify a bequest amount as well as an amount to cover funeral expenses. Any home equity from...
Thu, 18 Jun, 2020 at 10:37 AM
What is Per-Adult Living Standard and how is it calculated?
MaxiFi sets annual discretionary spending amounts to smooth (equalize across years) your household's Per-Adult Living Standard to the extent possible w...
Thu, 18 Jun, 2020 at 10:39 AM
How are the adult equivalents for various combinations of adults and children calculated?
Given our defaults that 2 can live as cheaply as 1.6 and that it costs 70% of an adult standard of living to give a child an equivalent living standard, the...
Thu, 18 Jun, 2020 at 10:40 AM
Can't I just tell you the amount to set for my discretionary spending?
The program is designed to show you your level of available annual discretionary spending, which is the dollar amount that you can spend after taxes, housin...
Thu, 18 Jun, 2020 at 10:41 AM
Where do you ask for my monthly or annual budget items for gasoline, dining out, groceries, etc.?
MaxiFi doesn't ask you to create a spending target by creating a budget. You may know how much you spend on gasoline (groceries, lawn care, dining out,...
Thu, 18 Jun, 2020 at 10:42 AM
How do I lower my discretionary spending?
If you wish to lower your annual discretionary spending (in effect save more), you can create a bequest (Settings & Assumptions / Estate) and this will ...
Thu, 18 Jun, 2020 at 10:42 AM
I see years where my spending exceeds my income, how is that possible?
Over a lifetime, Total Income is always going to equal Total Spending. We show this balance sheet as the first report shown. Where there are minor differenc...
Thu, 18 Jun, 2020 at 10:43 AM