Retirement and Budgeting - Recreation and pleasure

Cinema, Theatre Many cinemas and theatres offer cheaper tickets to people over sixty. And afternoon shows are often cheaper, especially during the week. Magazines, Records, CDs, Tapes, Videos broadband etc.

If you've been in the habit of buying these online, remember that your local library now probably lets you borrow them all (except videos) for nothing.

Online Clubs and Hobbies A new hobby can be one of the pleasures of retirement and it can lead to new friends.

Pub - Still the centre of many people's social life, but you may be surprised at how much it costs you if you work it out.

Pools or Other Gambling Some people cannot resist the chance of getting something for nothing, even when they know it will probably cost them money in the long run. If you enjoy gambling, look on it as a hobby and work out the real cost.

Evening Classes - Adult education classes are held as often in the day as the evening nowadays. Many people find retirement a wonderful chance to catch up on the interests or study they missed during a busy working life. These classes are usually inexpensive.

Sports - Keeping fit is more important as we get older. Most sports centres offer reduced membership and entry to people over sixty. Modern swimming baths are kept very warm and you can get a cheap half-day of exercise in a warm environment. Alternatively, free exercise classes are often provided by local Age Concern groups.

Gardening - probably the most popular hobby in retirement. You will be tempted to spend more once you stop work.

Retirement Budgeting - read on

Retirement Finances - insurance and other fiscal measures

Life Assurance
Your life assurance will probably end when you reach pension age, as will contributions to your pension scheme. Remember that if you go on working up to pension age (sixty for a woman, sixty-five for a man), you should pay no National Insurance contributions on any payday after you reach that age.
Regular Investments and Savings When you retire you should reappraise your whole approach to saving, investment and finance.
Bank Charges Special concessions by banks for people over sixty generally have ended. All the main banks now offer free banking to everyone who keeps in credit. It's worth studying the rules to make sure that you keep inside the free banking limit. Some banks offer a special package for people over fifty-five, including free financial advice . . . ... see: Retirement Finances - insurance and other fiscal measures