9 ways to stretch your dollars
|By Carole Moore
These common-sense strategies can help you stave off poverty in your golden years.
longer. If you retire at
a young age from one job, move right
into a second
job with additional retirement
2. Slash your spending. Make shopping a job, not a hobby.
off credit cards. Put extra
money on your mortgage to eliminate
that expense when you retire.
a nest egg. Save as much
as possible while you're living
on a full salary.
5. Keep home repairs current. Two benefits to this: it's easier to sell and cheaper not to let small repairs escalate into big jobs.
your limits and capabilities. Can you help your parents or grown
children if needed? Do the math.
Are you sandwiched already? Assess your resources.
7. Separate wants from needs. Indulge your wants if you must, but make certain there's enough left to cover unexpected expenses.
8. Get healthy. Eat right, lose weight, exercise daily. Have regular physicals. If you start retirement healthy and fit, you'll reduce medical expenses down the road.
in life changes. Could you
survive if your partner died, needed
full-time care or the two of you
split? Figure your expenses as a single