When we withdraw we can also reduce expenses a little while still giving ourselves whims, do we really need to spend the same? When we remove our expenses are automatically reduced (gas, meals away from home for work, unforeseen …) and the figures we need may not be as large as:
Clothing: the wardrobe
(Suits, dresses, shoes, accessories that break with wear …) is constantly renewed to make a good impression at work. Now you decide when to change shoes (if you want) or to prolong the life of your favorite shirt. In our working life we accumulate so much clothing that many will only have to limit themselves to combining the closet bottom that they own.
Transportation You will no longer have to buy train tickets to go to work every day and, if you do, you will have a substantial discount. If you are one of those who will work by car, you will save an average of € 4,233 per year in fuel! (Not to mention car maintenance!)
Sell a car
If you practically do not use the car and at home you have one or two more, sell it! Both the sale and what you save make the operation more than profitable. Necessary!
If you get rid of the car, your insurance disappears, which means greater annual savings. Maybe there are also other insurance policies that you don’t need. For example, if your children are older and independent, life insurance may no longer be necessary … Ponder each case!
You are no longer tied to your workplace, so you have the option of selling your home and moving to a cheaper neighborhood or the town! It is not necessary to go to the Conchinchina, sometimes living a few streets below means a substantial saving, such as the price of housing and taxes on it.
No more children
When children begin to work and become independent (stage that often coincides with retirement) your expenses sound down: there are no more college fees, extra car expenses, or weekly payments …
Of course it can be a huge expense if you travel first class and spare no expense, “Beckham.” The good thing about retirement is that you can stick to the dates of the offers regardless of the days or times, when the prices are cheaper (tiradisimos!). Is your flexibility your best asset?
Don’t be ashamed to use the many discounts available for withdrawals! You have earned them! Use your free time to sign up for golf classes, gyms … Everything is very cheap!
Now you are the boss
Check your bills and the contracted services you do not use: the 20 megabytes your children needed to study, cable TV where they watched their favorite series, subscriptions to fashion or car magazines … Unsubscribe everything you no longer know use or readjust those excessive expenses (with 6 megabytes to navigate at home is more than enough), take control and leave only the essentials.
Less expenses greater savings
You are retired, you ended up quoting for social security and allocate that monthly percentage for your future because it has become the present. Now you can fully enjoy your savings without regrets: Welcome to paradise!
Although many retirement factors give you some economic respite, do not forget that the more you save for that stage of your life, the more relaxed and carefree you will be. For this, I recommend you keep an exhaustive control of how your finances are evolving so that they never stagnate and there are no unpleasant surprises. Thanks to Good lender you will be able to see all your bank accounts and cards in one place tooooo, and thanks to the alerts of the application, from home, the beach or the mountain you will avoid commission charges, duplicate receipts or, why not you will celebrate an unexpected income.