1
00:00:08,295 --> 00:00:09,895
What's your lunch budget?

2
00:00:09,895 --> 00:00:12,375
Budget? I'm not gonna
worry too much about that.

3
00:00:12,375 --> 00:00:16,365
I'm retiring, so it's all gravy.

4
00:00:16,365 --> 00:00:18,970
Budgeting in your
retirement is essential.

5
00:00:18,970 --> 00:00:22,810
In fact, it will allow you
to relax and enjoy life.

6
00:00:22,810 --> 00:00:23,930
What should I do?

7
00:00:23,930 --> 00:00:28,125
Luckily, I've got some bite
sized morsels of wisdom for you.

8
00:00:28,125 --> 00:00:31,805
Get started by tracking every source
of retirement income you have.

9
00:00:31,805 --> 00:00:34,830
This will give you a full picture
of the budget you're working with.

10
00:00:34,830 --> 00:00:38,350
Then make a spending plan for all the
expenses you'll have in retirement.

11
00:00:38,350 --> 00:00:40,350
Those will be simple
though. Right?

12
00:00:40,350 --> 00:00:42,110
Only if you want
the simple life.

13
00:00:42,110 --> 00:00:43,230
Aside from the basics,

14
00:00:43,230 --> 00:00:46,185
don't forget to account for
things like hobbies, travel,

15
00:00:46,185 --> 00:00:47,625
gifts and entertainment.

16
00:00:47,625 --> 00:00:50,985
You'll also need a hefty
emergency fund for unforeseen

17
00:00:50,985 --> 00:00:52,420
medical expenses.

18
00:00:52,420 --> 00:00:54,100
Okay. Maybe not quite so simple.

19
00:00:54,100 --> 00:00:55,860
If you end up needing
more wiggle room,

20
00:00:55,860 --> 00:00:57,540
there are lots of
ways to get it.

21
00:00:57,540 --> 00:00:58,660
If you own a house,

22
00:00:58,660 --> 00:01:01,835
consider downsizing to increase
your nest egg or consider

23
00:01:01,835 --> 00:01:05,755
moving to an area with a lower cost of
living so your money can go farther.

24
00:01:05,755 --> 00:01:08,635
For other expenses, shop
around for the best deals,

25
00:01:08,635 --> 00:01:13,320
use senior discounts or take on DIY
projects instead of hiring someone else.

26
00:01:13,320 --> 00:01:17,720
Whatever it takes to give you the extra
financial flexibility you'll need.

27
00:01:17,720 --> 00:01:21,140
Nice. I'll add all that to
the old budgeting playbook.

28
00:01:21,595 --> 00:01:25,015
So what's a good menu option
that fits in my budget?

29
00:01:26,875 --> 00:01:28,710
Can I get some breadsticks?

30
00:01:28,710 --> 00:01:30,370
Maybe a side of fries?

31
00:01:34,264 --> 00:01:38,004
Gravy train. Gravy
train. Gravy train.