8 Must-Know Budget Tips for Retirees

8 Must-Know Budget Tips for Retirees

Retirement can be relaxing, rewarding, and fun. Many retirees enjoy life away from work, but they worry about their finances. When you have a fixed income and no longer work, it’s essential to make smart money choices so you can live comfortably while paying for your necessities, hobbies, and interests.

Take a look at these tips to find out how to stretch your budget as a retiree.

1. Plan and budget your food costs Food is an unavoidable expense, but you can control how much you spend by planning your shopping trips. Shop the sale fliers and stick to a list. Consider trying cheaper, store-brand items. If you want to avoid adding items to your cart that you don’t really need, use curbside grocery pickup services. With a set budget and good planning, you can find ways to slash your grocery bill .

2. Shop around to trim the cost of regular bills If you’ve used the same utility companies and had the same cable, cellphone, or car insurance policy for years, it may be time to reevaluate these costs. Companies change their offerings often, and you may be able to trim your bills. Take a close look, verify […]

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