Cheap Retirement

Do you need to live a cheap retirement lifestyle? At least, cheaper than your previous life?

Retirement is often one of those events in life that creeps up on you when you least expect it!

Sometimes you planned for it to happen, but it hits you like a ton of bricks -- and sometimes it’s dumped on you, involuntarily, leaving you exhausted, and confused!

You always thought that this would be the Golden Era they speak about -- a retirement lifestyle that enables you to put your feet up, sip Martinis and be a Pampered Belle (or Beau if you happen to wear trousers)!

Not so much...

Did you ever use the word cheap in the whole of your life… I mean even once or twice maybe? No… well you better get used to it because Cheap is here to stay. Think about it -- its part of the "retiree" culture.

Cheap Retirement activities will dominate your waking hours and most probably those when you are not!

Cheap is Good… it’s Wholesome and it’s Eco Friendly, most important in these days.

Let’s take a short nap (very) which is essential for all successful cheap retirees and then figure this out.

Short Nap? Well you don’t want to miss the 2-for-1 at the Walmart this afternoon… Do You?

A HUGE suggestion for your monthly expenses:

Consider calling:

  • cable TV company
  • car insurances, possibly bundling home and car insurance for lower rates
  • home telephone
  • cell phone (bundle with family)
  • credit cards
  • what else?

Ok, now tell them you are retired, living on a fixed income now, and just can't afford their services. Advise that you are researching costs at other companies. Then ask if there is anything they can do to help you....

Does this sound crazy to you? Consider this:

  • A retired economics teacher calls one company each year asking for help... and usually gets a break. Beleive it or not, she even uses her "older woman" voice on the call... she told us that in her retirement planning class! AND -- Most of the time these companies want to work with her to keep her business!
  • An IT Director did the same with his car insurance. Every few years he switched companies, automatically. He knew he'd get a cheaper rate, and did it for his whole life... not just at retirement.
  • My brother-in-law and family had huge financial issues. They called a credit card and offered about half to end the debt... accept it or possibly get nothing as we have big issues. They accepted the offer and closed the card. It is possible.

Hey, why not? Plus LOOK at your bills...

  • Ask your telephone company what all the small charges are... maybe some are unnecessary?
  • Consider dumping your landline phone, as long as it’s not connected to your internet, and go Totally Cell Phone!
  • Same with your cell phone bill... I've paid $11/mo for internet, yet I don't use it on the cellphone, and didn't know I had it!
  • What about your cable tv bill?
  • Could you possibly increase the deductible on your car insurance for a lower monthly premium? (be sure you can afford the deductible IF an accident occurs)

Just THINK for a few moments about your bills and see where you might be able to cut back.

One simple call can save you money, month after month!

  • Eating out? Consider lunch as your big meal out, much cheaper than eating out at dinner time!
  • Get coupons for Buy One/Get One Free dinners from local restaurants!
  • Watch for Buy One/Get One Free offers... if you use and need the product. If you don't, save your money.
  • Check your CVS drugstore card, swipe it on the way inside the store -- I get coupons for the same product I've purchased there all the time.

Finally, there is a bumper sticker out there that goes something like:

I Want to Live Long Enough

To Be a Burden to My Kids!

My last suggestion: Go visit your kids for a month each year. Go on vacation, enjoy their hospitality, and save once again... Grin!

Got Cheap Retirement Ideas? Post yours below and help other retirees!