Monday, March 8, 2010

"I live on a fixed income."

What does that mean??? Aren't most of us on a fixed income? I read a lot of message boards and websites on frugal living and finances. Just trying to learn something new, or remember something old.

I come across articles all the time and read about people who are "living on a fixed income" and every time I wonder what that really means.

My income is the same, ever week, every month. Okay, once a year, I get a raise. (Well, so far, anyway.) But my income is not constantly increasing. Or decreasing, thank God. So, does the fact I may get a raise mean that my income is not fixed? It feels fixed to me.

I know that there are people that work on commission and their incomes would fluctuate, but aren't the majority of us "living on a fixed income"?

(For SonyAnn, who needed for me to write something. LOL!)

20 comments:

Marilyn's Money said...

I totally agree, I always wonder about this too, we all have fixed incomes!

Annie Jones said...

I've wondered the same thing myself. I'm not sure, but I think fixed income refers to people like us who don't have a lot of investment income and/or who have limited discretionary income. In other words, we must (or at least should) think before we spend...LOL!

Also, did I hear you're opening up the bar in honor of SonyaAnn's new floor? Count me in! ;)

Frances said...

Hi, Marilyn's Money and Annie Jones! I am so glad you came to see me.

I am glad I am not the only person that wondered about this!

The bar opens at 6. Come on over!

McVal said...

Mine is pretty fixed too... if you look at it this way. shoot. I live on a fixed income.

Frances said...

Hi, McVal! I just can't figure out how else to look at it.

I am open to other interpretations if anyone has one.

Marilyn's Money said...

I"ll be over at 6 sharp, earlier if you let me!

Frances said...

LOL! Marilyn's Money. How are your bar back skills???

Pam said...

Hmmm, I have always wondered this too. I thought maybe they meant they were retired and living on their pension.

Frances said...

Maybe that is it, Pam. No future possibility of raises would make sense.

Thanks, Pam!

Frances said...

The bar opened at 6. No one was here, so I drank all the booze!

niko said...

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McVal said...

You've got an award on my blog today!

Frances said...

How exciting, McVal! I will go check it out!

Thanks!

Queenie Jeannie said...

I think the concept started with those people living on social security, or retirement plans where the amount they received was set. But you're right, most of us are on fixed incomes!! Especially military!

Frances said...

Queenie Jeannie, I know that military families definitely live on a fixed income. I have a son in the Army and a son-in-law that just got out of the Marines.

Our military is not paid enough for the service they provide.

Thanks to you and your family for your service!

SonyaAnn said...

I fell loved! Thank you for writing something!
Good point, Den's checks are the same. The only thing that ever changes is the bills. Maybe we should find a way to fix the bills!

SonyaAnn said...

I fell loved! Thank you for writing something!
Good point, Den's checks are the same. The only thing that ever changes is the bills. Maybe we should find a way to fix the bills!

SonyaAnn said...

There seems to be a stutter!

Frances said...

Thanks for the idea, SonyaAnn! We all need fixed bills! Now, how to manage that with all of them? I have managed with somee, but gotta work on the rest.

Frances said...

I thought you were just very adament, so felt the need to post twice. LOL!