Benjamin Franklin had it right—a penny saved is one you don’t have to earn. For retirement, that means if you can manage to save enough money on
your expenses, you can survive—and maybe have enough to indulge in a few luxuries. Move to a smaller house Real pennypinchers don’t waste money heating/cooling, painting, maintaining, and paying taxes on a house that is bigger than their needs. Buy a reliable car, preferably second-hand. Buy a basic model, and keep it until big things start breaking on it. If you have two cars, get rid of the gas hog. Move to a less expensive state. Hope fully one with reasonable real estate costs along with lower income and property taxes. Here are some ideas for saving money in retirement.
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