If there is 1 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, then yOu must find ways to cut back on the costs of residing.
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 and more fancy; Since I want to semi-retire in 4 years, and fully retire in eight years, I have to pay off ebt and get used to residing separate from spending a ton of money all the time. ONe thing that is hard to do however can save a bundle is to be frugal with heating and cooling. Heating and cooling your apartment is generally 1 of the largest bills people have on a correct basis, so if it can be reduced, so much the better. So, to reduce the cost of running my a/c and heater, I do some thingsâ€¦ First, I set the a/c temperature control on 71 when I am not home. I turn the temperature control to 75 when I get apartment at night and the temperature control goes to 75 when I go to bed, but during the winter, which is mild and short where I live, I set the temperature control no higher than 79, and I don’t use the oil furnace at all when I am at work! Because I live in the south, the air conditioning system is used the vast majority of the time. I use ceiling fans to make it know cooler than the temperature control really reads, and that works well. In addition, I don’t go shopping as entertainment any more.