A. Yes, budgeting is very hard to enforce, and it doesn't have to work that way. Below we will introduce an alternative to budgeting:
1. Figure out your future cash needs
Here you need to be as detailed as possible, and also don't forget inflation.
2. Figure out how much you will have
Find out how much income you will get from social security and pension, the gap between this and your cash needs is what you need to prepare on your own.
3. Figure out how much you need to save each month now
Given your investment target, assume a reasonable investment return, you can work backwards to figure out how much money you need to invest now each month. You can use our online calculator to do the calculation.
4. Figure out how much money you have left
After subtracting the savings you need each month, the rest is what you could spend each month. Go ahead spend all of it, there is no need to worry about budget!