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Start by prioritizing mandatory expenses likehousing, healthcare and utilities.
Once these are covered, see whats left for discretionary spending, Ball said.
You may also want to test-drive your spending plans while youre still working to see whether theyre realistic.
Budgeting apps like YNAB and EveryDollar can help simplify your budgeting process.
Plus, delaying retirement means you dont have to dip into your savings as early.
According to a recentT.
Rowe Price retirement study, around 20% of retirees are working either full time or part time.
Most employers post open positions and accept resumes online on job boards like Indeed and Monster.
Ball suggests taking advantage of senior discounts and exploring programs that can help stretch your Social Security dollars further.
Here are some examples.
Think About Downsizing or Moving
Housing is often the largest expense for retirees.
A BLS report found that, on average, people 65 and older spend $18,872 annually for housing.
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