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Thats up from 27% in 2022 and 17% in 2020.
Retirees should also make some room in their budget for these expenses this winter season.
The easiest way to do this is by cutting your light usage.
Using LED lights is one way to lower you power bill.
A lighting timer allows you to turn all lights off when youre not home or theyre not needed.
You should also avoid expensive items, such as the priciest cuts of meat.
These items include meats, baking essentials, fresh produce and spices.
Buying them now means youll save money versus what youd pay during the dead of winter.
The first thing you should do is pay down any outstanding debt to avoid interest charges.
Next, make it a point cut your credit card spending ahead of the winter.
If you dont have the money to pay for holiday gifts or other non-essential items, then forgo them.
Handmade cards or gifts are one option.
You could also regift items you have around the house that you havent used.
Travel
The biggest travel expense during the cold months typically involves holiday trips.
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