How to spend less when you retire
What expenses can you ditch in retirement to save a little cash? SmartMoney.com identifies this list of six items:
Disability and life insurance -- if you have no one depending on you for support, then you don't need life insurance. And if you aren't working, disability won't pay, even if you need it.
High investment fees -- If you're putting your money in safe CDs -- the choice of many retirees -- don't pay investment fees at all. Just march yourself to the bank and buy them. No expertise needed.
Your house. Getting rid of a property that comes with high utility and maintenance costs as well as a big tax bill can result in significant savings.
Landlines. Not many people these days need both a landline and a cell phone.
Interest payments. People living on tight budgets can't afford debt.
Inefficient appliances. Spend money to save money by getting rid of expensive-to-operate refrigerators, dryers, air conditioners, heaters and replacing them with new, energy efficient models.
