The Takeaway
- You can cut costs without cutting quality of life.
- The biggest wins come from trimming housing, food, and healthcare costs.
- Smart habits — like auto-pay or budget alerts — can save more than you think.
- Retirement finances aren’t “set it and forget it.”
- Review often.
The first month after Carol retired, she felt like she’d won the lottery. No more 6 a.m. alarms. No more traffic. But by month three, the bills were still rolling in and the “freedom” was starting to feel tight.
That’s when she realized retirement isn’t just about having time—it’s about making money last.Whether you're living on Social Security, a pension, or your own savings, stretching those dollars doesn’t have to mean doing without.
Here’s how to make what you have go further
1. Downsize (or right-size) your home: Less space means fewer costs. A smaller place can lower taxes, utility bills, and maintenance expenses.
2. Rethink your car: Is that second car sitting in the driveway more than it’s driving? Selling it could save thousands a year.
