Travel and leisure expenses
Oftentimes, retirement is seen as a time to travel and fully indulge in your favorite activities. But nevertheless, these expenses could rapidly eat away at your retirement savings, especially if you don’t pay attention. Whether we’re talking about vacations, dining out, or even hobbies, they can all add up, especially if you live on a fixed income.
To effectively avoid overspending, you might want to create a budget for travel and other leisure activities. Make sure you search for deals and discounts and also explore a bunch of other alternatives, such as house sitting and swapping. You could also find free and low-cost hobbies to enjoy during retirement.
2 Responses
The worst cost is the ridiculous property taxes that the blue states have! NJ is the worst. That is a total waste of $$$!
I will sell my house in a split second. Worst decision I ever made was buying a house. Even though I have a low interest rate, I am sick and tired of being nickel and dimed to death with fees by my mortgage company.