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Here are fourthings retirees should stop buying tobuild their retirement savings.
Financial experts say eliminating unused or unnecessary streaming services is often an overlooked way for retirees to save money.
Another option is to cancel and then wait for promotional offers at a greatly reduced cost.
Unused magazines, online and club subscriptions, and apps are other areas where retirees can trim their budgets.
Recurring charges can sometimes lead to unnecessary spending, said Eric Coons, owner ofKaleidoscope Financial.
A Large Home
Consider downsizing to a smaller home to reduce expenses.
According to the latest data from theU.S.
Stores like Home Depot and Lowes offer free classes online and in person.
However,personal finance expertssay spending money on the things that matter can help stretch retirement savings.
For example, retirees can downsize from luxury or larger vehicles to more economical cars with lower maintenance fees.
Travel during off-peak times to save money, and swapmore expensive hobbiesfor more affordable alternatives.
For example, golfers might want to check out less expensive or public golf course options, Kullberg said.
Book lovers can often save money by choosing e-book formats.
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