By : Kandace Heller
Saving for retirement is important while you are working and earning an income. Once you’re retired, work-related expenses, like commuting and eating out, disappear. Staying within your budget seems like the main financial consideration. Even after retirement, though, it’s important to save money. Here are five reasons why.
It’s Time for the Long-Awaited Vacation
If you haven’t taken a once-in-a-lifetime cruise or a dreamed-of vacation in the south of France, this is the time that vacation comes due. Have you really planned for it financially? You’ve most likely spend the last 40 years working full time and raising kids. Now is the time to take your long awaited vacation. Finding money for extras during retirement can be difficult when you are living on a fixed income, but by cutting down on your after-retirement expenses, you can make that vacation all you want it to be.