Consider the budgeting mistakes you might be making before you begin retirement!
Settling in for a leisurely retirement is something we all dream about. But once that moment finally arrives, ensure you’re not making budgeting mistakes. You might be surprised to find that it’s not as stress-free as you imagined it to be.
You’re suddenly living on a fixed income, and every dollar counts. Depending on how old you are when you finally retire, you might have another 30-plus years of living to budget for.
And that’s not even counting any unforeseen increased medical expenses that could arise at any time. So if you’ve just started saving for retirement and are playing catch-up, several budgeting mistakes can jeopardize your retirement plans.
Let’s take a look at what they are and how you can avoid them.