Why is it when you do a google search on retirement everything is all about money. You could be forgiven for thinking if you don’t have a huge payout waiting for you at the end of your working life you are doomed to living under a bridge somewhere. Today I want to put your mind at rest if you have been wondering is a happy retirement all about money.
The Best Retirement Planning
When you retire you will have a nest egg in your Superannuation and if you invest that wisely it can give you a little extra money to add to your pension. I am not an investment planner of adviser so I am not going to advise anyone on investing money. There are qualified people out there to give you that advice and I am not one of them. You could start by talking to your bank manager to get some advice.
When we retire our expenses drop. You don’t have to go to work every day so you are saving the costs of running your car, parking or public transport costs. You don’t have to buy uniforms of steel cap boots or good clothes or what ever it was you had to wear to work. Now when you have to pay for your lunch it is a treat not a necessity.
The best retirement planning starts long before you retire. It involves your social life, your family, your support systems and you enjoyment of life. It also includes taking care of your health so you are well enough to enjoy all these things.
After retirement there are ways to continue making money. You can start an online business or sign up to do online surveys. Surveys don’t pay very much but they do give you a few extra dollars to play with and we all love a few extra dollars don’t we? The big money is with the successful work from home online business. If that is what floats your boat you can CLICK HERE to find out more.
After you retire you are going to have a lot of spare time on your hands and this will be time you need to fill. Of course you could sit and watch TV all day but that lifestyle will soon start to wreak havoc on your mental and physical health. What you need is activities to fill the void and there are a few things you can do on a very limited income after you retire.
- Establish a weekly morning or afternoon tea with your friends. You can take turns hosting it and the cost is minimal.
- Take up a sport. It is better to do this before you retire so you have a social and physical outlet when you do retire.
- Schedule a daily walk and get your friends to join you if you can. This will cost you a good pair of comfortable shoes that take care of your feet.
- Join a book club. You can always get books from your local library for free.
- Set up a day you spend with your family. Go to the park or on a picnic. Get everyone to bring food to eat to make it affordable for everyone.
- Start a vegetable garden. You can grow a lot of your own veges in a pot if you don’t have much space. Not only is this a great hobby is is also a saving on your food bills.
Start cultivating your interests while you are still working so you will be ready for retirement. Of course if your retirement was unexpected this may not be possible if you leave it too long so get started right now.
Park The Car
Your car is one of your biggest expenses. The cost of petrol, tyres, parts and services are some of the things you can look at saving on. Some retirees make the decision to ditch the car and take the bus. This is a huge saving as even if you leave the car in the garage and walk everywhere it still has to be registered and insured and there is no way to save on those costs
If you are able to walk to the shops you can save money by leaving the car at home. This is also great exercise and will keep you fit and healthy in retirement. If you have to take the car park it as far away from the shops as you can so you get some exercise in.
Of course not all of us can walk that far so why not order your groceries online and get them delivered. This will not only make life simpler it will eliminate the impulse buying that puts dollars onto our grocery bill.
Never take your grandchildren shopping. It is a long time since you built up a resistance to pester power and you have probably lost that skill. Your grand children are experts at pressing your buttons so keep well away from the shops when they are with you. Don’t entertain them by popping them in the car and taking them for a drive. That is their parents job.
Planning a Holiday
I am a firm believer in taking a holiday. Even those on a very limited income should work at saving a few dollars every week to have a holiday. Doing it on a budget is not impossible if you start making plans before your retirement. Getting whatever equipment you need before you retire makes planning a holiday after retirement more affordable. I love camping and because I am on my own I only need a one man tent which I bought a long time ago.
Some older people have found that staying in backpacker motels allows them to have budget holiday. They love spending time with the young people they meet there and some have formed lasting friendship with young backpackers. Letting backpackers travel with them to their next destination and sharing the cost of petrol is another way they are saving money.
At last you have total freedom to give yourself up to self indulgence. Spend the day in your dressing gown and slippers, eat when you feel like it, do all the things you have always wanted to do.
Let’s be honest here, money is great. To be able to buy what we want, go wherever we want and live it up is something we all dream of. The majority of us cannot do that but that doesn’t mean we can’t enjoy this new found freedom retirement has given us. With some planning and a few money saving ideas you can do the things you want to do. The trick is to start planning early.
Many retirees lost a lot of their money in the G.F.C. and are now coping with low interest rates. Their savings are not giving them the lifestyle they thought they would have. Sometimes life gives us lemons and when it does we have two choices. You can make lemonade or get a friend to fetch the vodka. Either way, life goes on and the trick is to make the most of what you have got and not obsess about what you lost.
My favorite times are when I pitch my tent beside a river and spend a few days enjoying the peace and quiet. It recharges my battery and rejuvenates my life. What do you need to recharge your battery?
Thanks For Popping By
The only thing you miss out on when you are on a limited budget are the things you probably never had anyway but you always got by and found plenty to enjoy in life. That is why you will be able to enjoy your retirement and the freedom it ha given you.
I hope you have enjoyed reading my post and thank you for visiting my website. If you have any tips for enjoying retirement on a budget I would love to hear from you just as I am sure a lot of retirees in the same position would. To share your comments and tips be sure to drop me a note below.