If there is one thing that is most substantial if you are ever going to be able to retire on a fixed income, it is that you must be frugal, yOu must find ways to cut back on the costs of living.
I find that as I get older, this is easier, with the exception of health care costs; As I get older, my health needs become more demanding plus more lavish, but since I want to semi-retire in various years, plus fully retire in 8 years, I have to spend money off ebt plus get used to living without spending a ton of money all the time. ONe thing that is difficult to do however can save a bundle is to be frugal with heating plus cooling. Heating plus cooling your house is generally one of the largest bills people have on a official basis, so if it can be reduced, so much the better. So, to reduce the cost of running my a/c plus heater, I do some things! First, I set the a/c thermostat on 77 when I am not home. I turn the thermostat to 74 when I get house at night plus the thermostat goes to 72 when I go to bed, then during the winter, which is mild plus short where I live, I set the thermostat no higher than 68, plus I don’t use the gas furnace at all when I am at work, and because I live in the south, the is used the vast majority of the time. I use ceiling fans to make it assume cooler than the thermostat really reads, plus that works well. In addition, I don’t go shopping as entertainment any more.