What's your lunch budget?
Budget? I'm not gonna worry too much about that.
I'm retiring, so it's all gravy.
Budgeting in your retirement is essential.
In fact, it will allow you to relax and enjoy life.
What should I do?
Luckily, I've got some bite sized morsels of wisdom for you.
Get started by tracking every source of retirement income you have.
This will give you a full picture of the budget you're working with.
Then make a spending plan for all the expenses you'll have in retirement.
Those will be simple though. Right?
Only if you want the simple life.
Aside from the basics,
don't forget to account for things like hobbies, travel,
gifts and entertainment.
You'll also need a hefty emergency fund for unforeseen
medical expenses.
Okay. Maybe not quite so simple.
If you end up needing more wiggle room,
there are lots of ways to get it.
If you own a house,
consider downsizing to increase your nest egg or consider
moving to an area with a lower cost of living so your money can go farther.
For other expenses, shop around for the best deals,
use senior discounts or take on DIY projects instead of hiring someone else.
Whatever it takes to give you the extra financial flexibility you'll need.
Nice. I'll add all that to the old budgeting playbook.
So what's a good menu option that fits in my budget?
Can I get some breadsticks?
Maybe a side of fries?
Gravy train. Gravy train. Gravy train.