GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Goodbye 9-to-5, hello freedom!
But with that freedom comes a fixed income, and for many retirees, that means getting creative withbudgeting.
Heres the scoop on seven expenses Kevin no longer has to worry about, andhow hes making it work.
Kevin sure doesnt miss them.
I used to burn through $250 a month just getting to and from work, he shared.
Now, my cars basically a driveway ornament.
For Kevin, retiring meant ditching the monkey suit for good.
I laugh now thinking of the silly stuff I spent money on, he said.
Now my son has no idea what to get me for gifts anymore but thats fine Im downsizing.
During busier quarters, I was burning through my own laptop, internet, everything, he explained.
Now, my 12th generation iPhone is really all I need.
Expensive Lunches and Coffee Runs
Its cliche for a reason those lunches and coffeesdoadd up.
I dont even want to think about how much money I spent, Kevin shared.
And Id even pack lunch most days!
Kevins glad thatparticular rat raceis over.
Now, the only membership I care about is my library card and that beautys free!
I dont need all that anymore, Kevin explained.
I dropped a $100 monthly premium and put that money towardsmy golf gameinstead.
One caveat: Talk to a financial planner before you go canceling policies willy-nilly.
Kevin did, and thats why he decided to do it in the first place.
Retirement Savings Contributions
This is a big one:No more savingfor retirement because he isinretirement!
I was socking away about 15% of my paycheck for retirement, he shared.
More From GOBankingRates
Share This Article: