Retirement and Budgeting - Clothes and larger purchases


Regular Purchases: Once you stop work, you are freed from the obligation to look the part at your job. Not only will that save you money, but it may also provide you with an opportunity to think about what style you want to adopt in retirement.

Clubs or Credit Cards: Rolling credit cards attached to a shop or chain of shops can be a very expensive form of credit. Normally you pay a fixed amount each month and are allowed to spend (that is borrow!) up to thirty times your monthly payment.

Clubs where someone calls to collect a regular sum off you each week are similar, but interest rates can be even higher. Try to use an ordinary credit card (Visa or Access) or a bank loan if you cannot pay directly.

Cleaning and Repair: You should spend less servicing your clothes when you retire.


Retirement Budgeting - read on

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 . . . ... see: Retirement and Budgeting - Recreation and pleasure