Many worry about the quality of life after retirement. Especially when it comes to the amount of money in the bank. There are plenty of ways to live comfortably and save money post retirement. I’ve compiled a list below.
- Take advantage of free entertainment – Check out your local museums, they may have free admission days. Try going to an open mic night at a local coffee shop or attend a free outdoor concert. You could even attend nearby book readings. Check local event listings.
- Consider location – Whether you move before you retire to a tax friendly state or even consider a retirement community. Oftentimes retirement communities are cheaper than the surrounding areas.
- Don’t pass up the discounts – Many popular chains offer up to 25% discounts on meals for people 55 and older. This isn’t just for restaurants. Places like Kohls and Ross offer discounts for seniors as well. TheSeniorList.com could be a beneficial resource when you are looking to treat yourself.
- Get signed up – rewards programs, such as Rite Aid, allow you to save money on prescriptions. Kroger allows you to collect points that go towards gas as you shop. Do the stores you frequent offer any type of rewards program? Look into how you can maximize those rewards.
- Stay active – go on a hike or take a daily walk around your neighborhood. Not only will it keep your heart healthy but it’s free! The great thing is you aren’t bound by time constraints, find a time outside of peak hours that way you don’t have to worry about crowds.
- Go back to school – some schools offer tuition waivers for residents over 60. Make a few phone calls to your local colleges.
- Become a couponer – this one is self explanatory. You’d be surprised at the amount of money people save just by couponing alone. If you are looking for a new show to watch check out Extreme Cheapskates.
- Spend time with friends/family – host a game night or movie night with your favorite people. Spend your time filled with laughter and good company.
Use your library. There are free movies, music, books, audio books available from your library and available to download to your computer, phone, or tablet device.
Of course if you are looking for absolutely free ways to spend your time, consider volunteering. It’s a great way to give back to your community while simultaneously getting you out of the house.
If continuing to work interests you, look into monetizing a hobby you may have. This could be anything from sewing, to making jewelry, or even baking. This could be a great way to bring in extra money for your household while still doing the things you love.
Find yourself a part-time job. Many stores are hiring Seniors in many capacities, especially since they are reliable, have good attitudes, and bring experience and their wisdom to the job.
Another great way to bring in some revenue is downsizing. You could host a garage sale for all the things you’ve collected over the years that you no longer need. Yes, I’m talking about that bargain buy golf set that’s been sitting in your garage collecting dust for years. (Or you could take up golfing!)
The possibilities are endless and just take a little bit of creativity. Be intentional with your spending and make sure you are getting the most out of every dollar. Remember, you don’t have to spend tons of money to have a good time.