Hi, this is Andy Mattingly and in this week’s
SaveItUp Moment I want to share the essential money habits to practice in
retirement. First, live according to a budget. With a fixed income, it will be very
important to not overspend. Budgeting is the only method to ensure this doesn’t
happen. Next, comparison shop on all your purchases. This is a great way to make
your money go farther. Find the best deal and value on everything you buy, even
everyday expenses can help you save money. Develop healthy lifestyle habits.
Medical expenses are often the most unknown expense in retirement. Being
healthy can help you keep those expenses lower. Travel during non-peak times. With
less restrictions on traveling, choose to travel on different days of the week or
even different months to avoid peak rates. Look for age-related discounts. Many
retailers are very interested in offering discounts to seniors. That’s
a great way to make your money go farther. That’s been this week’s SaveItUp Moment. If you want any more information on this topic or any other topic make
sure you visit the SaveItUp page at forumcu.com.