Talk of The Villages Florida - View Single Post - Do You Still Try to Save Money?
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Old 09-12-2012, 06:29 PM
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Quote:
Originally Posted by BarryRX View Post
All my life I have been saving money towards my retirement. Now that I am retired, I have a certain income each month. What I should be doing is spending that monthly income, but I can't seem to break old habits and I try to save at least 15% of that income each month. I was just wondering if anyone else is still a "serial saver"?
If you income will not grow with inflation then you should save some money to cover inflation. If this is not a problem then I would take the unspent money each week and put it in a separate bank account. Then I would try and find things to spend the money on.