Cutting Expenses in Retirement: 5 Health-Related Costs You Can Cut Back On

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Below are some health-related expenses you could cut back on in retirement.

1 thing not to cut back on in retirement.

Its one thing if you regularly go to the gym and use your membership.

Ask yourself how often you really go to the gym and whether or not the frequency justifies the cost.

Generic medications contain the same active ingredients as their brand-name counterparts.

And yet, they cost between 80% and 85% less money, according to theFederal Trade Commission.

You should definitely keep any prescription medications you rely on.

This wont work for everyone.

Sometimes you could be better off sticking with what works even if it comes with a higher price tag.

Still, its worth asking your doctor about it if youre in a financial pinch.

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you’re free to also consider using platforms like GoodRx to save money on prescriptions.

According to itswebsite, you’re able to save up to 80% on many medications.

The number of health and fitness apps out there is seemingly endless.

Costs forhealth and fitness appsvary quite a bit.

For example, WeightWatchers usually starts at $23 a month.

Headspace is $12.99 a month.

Talkspace, a therapy video and messaging app, starts at $69 a week.

You may be able to do similar workouts or exercises without the equipment.

Cutting back on these types of purchases could save you a lot of money.

Youve got two main options here.

Sites like Rent My Equipment and FriendWithA will let you create listings for your sports gear and equipment.

you might manage everything from the platform.

Just be prepared to pay a service fee with these types of sites.

If you still plan on using your athletic apparel, keep it.

But if you have it in abundance, selling can net you a tidy sum.

Places to sell secondhand athleticwear include eBay, Poshmark and Amazon.