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Today, the share of Americans becoming retirees is up.
Of those people, about 53 million are age 65 or older.
Here are three autoexpenses that you’re able to reduce or cut out completely while on Social Security.
By getting rid of a second car, you could eliminate amonthly car payment.
For used cars, its $525.
That means youll have more money to save and spend on necessities as well as leisure activities.
According to Forbes Advisor, the average cost of car insurance is $169 per month.
So getting rid of an additional car would save you over $2,000 per year just on insurance costs.
Fuel Expenses
The cost of gas can take a bite out of your tight budget.
When you might, consider walking or biking to get exercise and save money on fuel.
Getting around by means other than your personal vehicle can reduce retirement transportation costs dramatically.
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