Spending

1 in 3 Guilty of Overspending in Retirement: EBRI

New Spending in Retirement study shows big increase in spending more than they can afford…...

Retirees, a Rich Life Does Not Require Spending More Money

Spending is a poor proxy for enjoyment and life satisfaction. The best things in life are nearly free. Don't worry whether you're "underspending." Learn the Nuts and Bolts I put everything I use to ma...

3 Ways to Reduce Spending on Phone Number Location Tracking Services

Hey there! Are you looking for an effective way to track someone's whereabouts without breaking the bank? We get it. If you need to find your kid's location right now, spending hours searching through...

Obsessing about NOT spending money

I'm 66, my wife is 63. We're both semi-retired. I've spent SO much time in the last few years about figuring out how long our retirement savings will last. Yesterday she (a non-smoker) was diagnosed w...

7 Common Retirement Spending Mistakes To Avoid

There’s a lot to consider when building a retirement income portfolio and avoiding common spending mistakes. Take the time to do the job right!...

Building Relationships with Grandkids: Make the Most of Your Time with Them

Whether your grandkids live next door or states away, it is likely you will want to make the most of every second you spend with them. Spending quality time with your grandchildren can be one of the m...

How do you live on a cash basis in today's world?

I'm a few months into retirement, my wife is still working till next June. One of the things we're trying to do--and were starting before I retired--is transitioning our spending on routine items away...

Cap on Retirees’ Part D Spending May Push Up Premiums

2025 will be a banner year for retirees. In January, a hard $2,000 cap on how much they spend out of their own pockets for medications kicks in. Retirees should welcome the new, much lower spending li...

How Guaranteed Lifetime Income Increases Retiree Spending

When retirees have more guaranteed lifetime income, they spend significantly more than those with a lot of investments....

What is your spending ratio in retirement?

The 50/30/20 ratio for working folks is widely available but I haven't found anything comparable for retirees. Is there some ratio recommendation for those retired? In our case (couple) we are spendin...

Are You Fighting With Your Aging Parent Over Money?

Taking legal control away from an impaired elder's access to free spending can make them mad. But the risk of their anger is worth it. Family can stop financial abuse....

8 Ways to Reduce Spending on Phone Number Location Tracking Services

We get it - not everyone wants to spend much money on phone number location services. Or maybe you'd just want to track a number once and not be bothered by a whole year subscription. So, here come so...

Third Quarter Finance Tips to Turn Things Around

In mid-2024, Americans are still facing high inflation and high interest rates. And they are saving less and spending less. According to data from the Commerce Department, “The personal saving r...

A Vacation Spending Guide: The True Cost Is More Than You Think

Wondering how much to spend on vacation while being fiscally responsible and still having a good time? In this post, I offer a vacation spending guide to help you manage your spending responsibly with...

Spaving: Can Spending More Actually Save You More?

I recently discovered a buzzword called “spaving,” which combines spending and saving. It sounds odd – spending money to save ... Read more...

Phase of Life Spending

[Editor's Note: For those who want to inspire the WCI community and teach the knowledge they’ve gained in the financial and/or wellness spaces, we are officially calling for WCICON25 speakers. W...

Model Big Financial Decisions with MaxiFi Software

I use the free Fidelity retirement planning tool to keep an eye on our current investments relative to our spending. Using that tool revealed two fundamental drivers of financial success in retirement...

What Happens Financially When You Work One More Year?

The impact of saving more, spending less later and benefiting from an extra year or more of compounding can be truly staggering....

3 Ways to Feel Comfortable with Retirement Spending

Like many of us, you have been working and saving for decades for just this moment: retirement. Even though you ... Read more...

The New York Times Greedy Geezer Myth

The intergenerational-conflict myth is weaponized to cut Social Security and Medicare and make people work longer. The intergenerational – conflict myth intones that politicians who cut spending...

Happiness Series Part 2: Five Big-Ass Spending Experiments

This is Part 2 of a 3 part post. If you missed part 1 last week, check it out here. Can money buy happiness? It’s a great question! And it’s complicated… Investing Versus Spending I...

The 4% rule for retirement spending is now the 4.7% rule

3 steps to getting a solid handle on your retirement savings in this shaky market....

Retirement confidence keeps falling as political instability rises

As Congress battles over spending and House leadership, retirement advisors are losing faith in the U.S. economy....

8 Legit Ways to Get Paid to Play Games Online

Playing games is one of the many ways to make money online. While it isn’t necessarily the most profitable, if you’re already spending time going ham on bingo or honing in on your Tetris s...