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Senior African American couple sitting at the dining room table doing their retirement finances on the laptop computer.

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Experts explain thetop expenses retired boomers should cut in 2025.

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While convenient, frequent restaurant meals can quickly eat into a fixed budget.

Attend free local events like concerts, community gatherings or take advantage of free museum days, she said.

Reconsider Travel

Another expense to reconsider is travel, Ambrose said.

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[These] can provide similar experiences without the hefty price tag, he added.

Housing Costs

Housing costs can eat up a huge chunk of a retirees income.

Impulse Purchases

Buying things you didnt plan for is a surefire way to overspend.

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Set astrict monthly budgetfor nonessential items and stick to it, Yu urged.

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