Thoughts of my mum retiring soon has gotten me to think about the expenses that she incurs monthly. With me entering the workforce soon and my brother just starting his university, my mum definitely still has to work a few more years. However, she has mentioned to me a few times that she hopes to retire as soon as she can. Her friends currently are still employed however she has a friend who is retired and told her of her lifestyle which my mum looks forward to.

Find out more: Retiring Early and comfortably?- What is FIRE?

Over the past few months, I have noticed that we have high expenses that if it were to continue after my mum has retired, it would drain her savings in no time. We normally do spend within the budget and go out to eat only during the weekends. This is because we are a...