It's been eye opening to realize how each withdrawal hinders the potential for my savings to grow through compounding interest. I now see the importance of meticulous planning, considering factors like inflation, healthcare costs, and a good investment strategy
I'm getting close to retirement and having a financial advisor has really paid off. I started investing later than most, so I couldn't just rely on compound interest from index funds. Even so, I've done quite well, earning more than some long-term investors. I'm set to retire with at least $7 million
Your financial advisor must be excellent. How can I get in touch with them? I'm worried about my retirement portfolio and could really use some guidance
I usually avoid giving specific recommendations since everyone's situation is unique, however my experience working closely with Emily Ava Milligan over the years has been exceptional. You might find it worthwhile to see if she aligns with your needs.
Our stores here quit all discounted bread, bakery years ago. ☹️ We used to have special bakery stores that had really cheap bread, snacks, pastries etc. They're all gone.
I add water to stretch products like dish soap, detergent, juices (dilutes the sugar), etc.... Cut open plastic containers on lotion, makeup, etc. You would be surprised how much product is left in the container bottom! Lastly, I try to stay out of stores, unless I really need to buy something. Do we remember how much money we saved during the pandemic when we were confined indoors? Good tips, Margaret, thank you!💕
YES! Even when it is the hot water heater. We didn’t push for next day. Got a much better deal and a more efficient replacement by being a bit patient. It wasn’t “fun” but we all survived fine.
I use an old fashion clothes drying rack, put in back bedroom, not able to put clothes on lanai. No longer using dish washer, keep a/c off (in Fl.) keep windows open live like we used to in the 50's.When washing dishes just squirt and not just pour detergent. Unplug everything that is not being used, (everything still draws electric) Cut off cable, can use cheaper programs. I have groceries delivered, stick to list not tempted to buy those extras. Thrift stores is such a great way of getting "new" clothes. I turn off my hot water heater, boil water to wash dishes once a day. when ready for shower turn it on then when done turn it off. Every penny counts.
Did you know that all laundry can be cleaned very nicely just with cold water? There are a few exceptions like clothing worn by a restaurant worker often needs warm water.
@@PegsFlamingovilleI’ve started washing my clothes in cold water and it does do the job. I do use a dryer but I put my clothes on the lowest setting, which I hope helps save my clothes a little!
I also make our insect repellant with essential oils. Eucalyptus, Mint, Tea Tree Oil and some water and rubbing alcohol. 15 drops of each oil. Doesn’t harm anything.
@@akc1739 I have a medium dollar store spray bottle and put about 1 1/2 cups of water to the 15 drops of each and a splash of rubbing alcohol- I don’t measure that, just a “glug” Witch Hazel is also nice in it.
Although cooking a large quantity of food and sharing with your friends or family is a lovely gesture, if we're talking being budget-friendly, dividing that food into single portions and freezing it is more economical than giving it away.
Freezing meals for future use is fabulous. I do it all the time. When i buy spinach I always encourage my neighbour to take some. The bag size is too big for the two of us & I would just throw it out. My family lives in another country. I think the idea here is to share extra with close ppl / family.
@rosej9686 I agree, I buy bigger packs and portion it, then freeqe. I use a vacuum sealer since the 1990s, it is something I can't imagine being without. I also clean and re-use the bags again.
@cherylcameron6304 You can freeze fresh spinach! Wash, pat dry, put in a large freezer bag, squish flat/remove the air, put in freezer. Whenever you need some spinach, you can literally 'break off' however you need, and be it just a bit for a smoothie. And it takes almost no space, because it is flat.
I do my own home repairs, yard work, house cleaning etc. I know so many single women especially that pay someone to do all the work but I’ve come to enjoy it. It not only saves money but I’ve learned how to mow my lawn, repair and install electrical, build garage shelves etc. it’s empowering! And you can get lots of help on You Tube.
My Mom was quite thrifty, therefore I learned some very good habits growing up. I make my household cleaners with vinegar, tea tree oil and Dr. Bronner's soap. I've found I don't sweat as much now days, therefore a deodorant stone is enough protection. One will cost about $7.00 and lasts me nearly a year. Always freeze leftovers and don't buy convenience foods. Instead of buying, say a brownie mix, I keep the dry ingredients mixed in a container, then if I need something in a hurry, I can just add the eggs, butter and vanilla. When I was working, I made most of my clothes. It's always been kind of fun to me to see how far I can stretch a dollar. Thank you for sharing this ... I'm retiring this year, so I'll see how fun it is stretching my limited dollars ... ha ha!! 😂
My daughter found that if she goes to the grocery store After 8pm, the rotisserie chickens are half price - if there are any left. We all buy several and pull the meat off for later recipes, which saves on running the oven and heating the house in summer.
You can clean most of the house with sunlight dish soap or vinegar and microfibre cloths. You don’t even need to use anything but water. I don’t buy all those products, one for stainless steel, one for windows, one for your floors. I only buy a spray cleaner for my bathrooms for sanitizing purposes.
We do the same, I mean it’s not as if they take up that much room in a load of clothes, and some we’ve had for years are beautiful. We enjoy using them!
I have 3 thin, tall water butts in my garden collecting rain water. All linked together. I only have a small garden. All of the rain we get in the UK I rarely have to use tap water on my plants. Thank you for all the tips.
Resell anything you don't use on a regular basis - clothing, accessories, household goods, etc...you can earn extra money and someone else may need the item more than you.
You get next to nothing for even gently used or pristine items, including top designer. I do sell on the RealReal but it’s more to find loving homes for things I love.
I remember when I was very young, 66 now. When my parents were having a playful disagreement, my mom would say, " go soak your head in a rain barrel". I thought it was hilarious.
After my cable provider increased the price for reduced services once too often, I cancelled and opted for FREE on-line movies, old TV series, news from anywhere in the world in any language, audio books, courses, lectures, hobbies, crafts, etc. Loads of free stuff available, and in some cases, just as many commercials as on cable LOL. Glad I found your site. Thank you
TV programming is mind control garbage. Research “ Project Mockingbird”. I have not had TV service for 15 years. TV also has detrimental frequencies to put you in a hypnotic receptive state to accept commericals and fake “ news”.
Thank you! I also cook a meal and get sick of it after a few meals so I'll portion out servings and freeze them. Sometimes I have to go to food banks and what I can't use I donate to a place where they help children. I get my gas .10 off a gallon. Another thing I have been doing is comparison shopping at the different grocery stores and get the digital coupons. I always take a run through the $tree as well before going to the grocery store. Living on a very limited budget can be challenging but it is doable.
Libraries are the best! I love to read, and buy books, but with the cost of living as it is, that's such a needless expense. Here in central Scotland our libraries are brilliant, and they also serve as community hubs where you can use the computer, learn what's on locally, and many also have lectures and craft sessions. My local library had a knitting group and reading group before lockdown. Most things are free, you get out the house and into a nice warm place, and everyone is really friendly. Then you take some wonderful books home and have a great time reading them at no cost. What's not to love!😍
One of your best videos, "When is it Time to Leave a Marriage". Life is too precious to waste on a bad marriage. I stayed til death did we part, but lost many good years of happiness by staying married 41 years. You probably saved a lot of people from years of heartache. ❤
I have a water collection barrel because I grow many of my own veggies. City watering plants everyday in the deep south can run that water bill up too high. The sky water is free❤
Almost all of these presumes you have money to spend. Like I Love Lucy.. if you don't spend at all you "save" even more! By the time I've paid vehicle insurance, housing, electric and water/garbage, there is nothing left to buy anything with. I get to "save" ALL of nothing!
I buy in bulk and vacuum seal and freeze. This saves money on the food cost, lowers waste, gas going to restaurants, etc. I also individually freeze cooked lasagnas, etc. I usually don't like to do leftovers more than 3 times and then I freeze the rest.
Today I bought 2 office chairs for 10 USD. At a local junk shop. I put the 2 old ones out on the pavement and in half an hour they were gone to new owners. I have 5 1000 litre rain tanks and a few water butts since the drought in Capetown a few years ago. One shower and they're full. The dew each morning tops them up too. I used them to water the garden flush the loo and for cleaning. I give away old clothes etc to charity shops. That's one way to make a donation..im using a hay box to cook to save power too. Mine is 2 cushions filled with polystyrene pellets. But duvets work too
When you mentioned Makeup. I really like Earrings, Costume basically I do have some real. So that is something I always want a ton of . I also like to thrift. So these I have to keep in check.
A positive voice in the " wilderness " ...I am a stoic, and believe we can try to live by useful tips and tricks ( guess its called prudence)... a teeny tip... each week, whatever is left in your purse...take it out and stash it in an envelope/jar...it's amazing how it mounts up ... I try to buy vegs.etc.on sale and make meals ahead ..it saves electricity/ gas ..and gets you eating regularly and well.... lowering the Thermost is a great idea ( when it's 19 or 20 degrees in summer, we're outbin T- shirts, so just dress appropriately inside, you'll be fine) ... in a bad situation, I have even boiled water ahead, put it in a thermos and it saves power and you have a warm cuppa at hand... often make lemon juice( for (tea?) or herbs & garlic for cooking ahead, freeze in ice cubes and transfer to containers / freezer and have them ready for use.. yup, find a free tax service...last tip - look for tiny gifts after holidays ( their reduced greatly) and keep them in a gift drawer, just nice to have them at hand?thank you..❤ ( from 🇨🇦 )
Much the same here. We live in the southwestern USA,but rarely have AC set below 78-80. In winter, we dress accordingly, requiring little heat. Of course there are exceptions, but usually it’s remedied by adjusting our attire, and planning well.
I picked up a few hours work weekly in retirement at an indoor pool. A benefit is that I get to swim my laps for free. I also take my showers there, so save lots of water this way.
Also, I use the Dollar Store anytime I need a gift bag, ribbon or greeting card! Those are crazy expensive normally but cost a fraction at the $ Store 😃
1. Do you really need to buy so much? 2) your library might also offer passes to museums or the zoo, apps that allow you to stream movies, tv shows, audible type books, read newspapers and magazines. 3). If you do wish to buy a copy of the newspaper, where I live Dollar Tree charges 1.25, I know that is a ton cheaper.
If you are carrying debt on your credit card at a high interest rate pay it off with your line of credit or a personal loan. Consolidate your debts at a rate lower than your credit card.
Debt is part of the Babylonian slave system created by the Globalists / Illuminati, We are ENDING that corrupt Ponzi scheme once and forever. Do your research online, We are switching to the QFS , quantum financial system. The Gold stolen will be returned to the people. Dark / negative controllers of the planet are being taken to GITMO, tried and executed. Do some research! The dollars will be gone. Incoming Treasury Notes.
Although frequent emails from retailers may be a small nuisance, you can take advantage of special sales. I also visit the same businesses often and am often given a special treat or upgrade at no extra cost. When I'm longing for something new i organize what i already have and enjoy the treasures i already have. As a quilter i also make presents since the family has grown so much. Saves a lot.
Yes to re-decorating with what you already have! In one of his videos, GarrettLeChic advises, "Shop at home" before buying new things. I did that recently, and I'll be darned if I didn't breathe new life into several rooms. You are so right to enjoy your already-owned treasures.
I don’t have a Prius but get 42 miles per gallon in my hybrid. Gas was only $2 a gallon when I bought it but I am sure glad I did with the cost of gas today!⛽
The water barrel is for watering the plants and vegetables that some of us plant.. Also I never bought a dryer because I live in a house and hang the clothes out to dry, or I hang it in the cellar.where I have the washing machine.
Everybody who start thinking about 'how to save money' AFTER they already retired, will always fee like they are missing something, and be struggling. Not only with money. Just my 2 cents, I am surrounded by many people who fell into a deep hole of desperation when they retired. I don't have a huge pension, but since I retired I live even better than before. No mortgage, no debt, a nice pension, my home is paid, so is my car. All these many years of hard work - and I always loved working - paid off. So did my pretty frugal life-style.
I grew out my fringe and stopped dyeing/highlighting my hair. I now have a shoulder length bob hair style that's easy to look after. I get a good cut about once a year. When I find I'm mostly wearing it in a ponytail or putting it up, it's time for my cut!! 🙂
Instead of taking them to the dry cleaners, I hand wash all my silk and cashmere items: blouses, sweaters, scarves, pillow cases in very mild soap. Rinse them in cold water with a little vinegar. Then leave to air dry. Everything comes out fine.
I volunteer in my local community centre. They have cheap sessions in yoga, gentle fitness, computer, gardening, free books, clothes swap. It's all out there. If it isn't, start something. I've started a free library in the centre. We have donations of cook books galore, and we are suckers for them. Ha ha. Don't spend money.
I live in Scottsdale, Arizona & had to train myself to do that when I moved here! I quit purchasing the name brand filters for the drinking water in my nice refrigerator. I can buy the generic version for less than half the cost & cannot discern any difference in the quality of the water whatsoever. In the heat here we carry drinking water at all times - using water from my retreat or in a stainless water bottle, I save money & Mother Earth.🌵😎🌏
Use a das back credit card, if the amount you will receive back is more than the annual fee. Charge all your purchase to it including automatic withdrawals: groceries, gas, drug store/pharmacy, Hydro, house and car instance, etc. Pay your credit cards off each month to avoid interest.
Living in Phoenix, it is almost citrus fruit picking time. I pick from several friends' trees...Oranges, lemons, ruby red grapefruit! I juice about 25 water bottles of grapefruit and put them in the freezer. I have a few friends who store part of my crop in their freezers.
Dr. Bronner's liquid soap is fabulous. Very reasonable for a large bottle and can be used to wash clothes, wash hair, shower soap, dishes, floors. Only need to use a small amount and lasts a long time. Have some lovely scents also, currently I am using a rose scent, very light scent. I save so much with Dr. Bronner's.
Charity shops come on leaps/bounds, great new stuff from them. Do some volunteering in them the amount of new stuff that comes trough the doors from people buying online don’t suit and just can’t be bothered returning. It was an eye opener, just try it people you’ll be glad you did,🙋
Most, almost all libraries have downloadable books now. Very up to date titles. Many cosmetics and household detergents at discount and dollar stores have nasty chemicals in them; Pegs, fragrances, dyes. How many people use rain barrels? You laugh? Lots of us do.
Great suggestions, and in the comments, as well. If you "shop" online and don't make a purchase, the retailer may send you a follow-up email with a discount. I had a smart thermostat that I swear was trying to kill me. I had it switched out for an old fashioned one that I control, and my energy bill is much lower. Humans rule!
I used to used a lot of paper products. Now I used handkerchiefs and cloth napkins. During the pandemic I learned of the travel bidet (under $20) and cut my toilet paper use by, seriously, at least 90%. Better for the environment and noticeably easier to carry my groceries home.
You can continue working full time well into your senior years. My brother had several health setbacks but got them treated and under control and still works in his late seventies.
its all about choice. After many years of work and raising my kids I made the choice to retire when I became eligible for national superannuation in my country. Such a good choice for me. You brother chose to return to work because that makes him happy. Its quite different when someone has to work well into their 70s and even 80s because they cant afford to do otherwise. There is no choice there.
You can make your own laurndry soap. RU-vid has viedios. I bourght ingredients that cost me 15.00 (us dollars) and It's kept me in soap for over 2 years. the rain barrel idea, for people who have lawns? you could save on your water bill for plants etc.
Some great tips Margaret! I love to barter when I can; for instance, I just edited / proofed a friend's short book in return for his fixing my broken Italian music table from my Granny - win /win! Also, using air miles can be used not only towards flights but for many other things. Off topic but I really love the colour of your lipstick, can you please tell me what it is? I've been wanting something like that for ages and the stores where I am no longer allow testers.
Buy a heat pump to replace air conditioning and to reduce heating costs. There may be grants available from your electricity provider , or provincial/state and federal governments.
Love all your tips for cleaning, why buy anything expensive, the old remedies are the best the majority of what you advised are just what we all need to do. Thank you so much this is a great chanel
I live in Auckland New Zealand and public transport on buses, trains and ferries is free for everyone over 65. Drying laundry outside on a clothesline is basically in our DNA - most kiwis would only use a dryer when there's been days of rain - so line drying isn't too much of a drag, being so used to it.
also, if your partner has age eligibility for free public transport but you are still under that age bracket (ie under 65) you too can get free public transport.
Yes libraries for books music movie dvd. I use restaurant happy hours for cheaper drinks and food. Menu maybe limited but for half off I can find something i like😊
I like all of your tips, although for me personally, I have seasonal allergies/hayfever, so I no longer hang my laundry on the clothesline to dry, and I've noticed a huge difference! Who knew that my saving money on electricity and doing better for the planet was causing me to have all of those allergens attach themselves to my clothing and bedding (making me suffer and needing allergy shots). Other than that, I appreciate your money-saving tips and life-enhancing tips.
Use less paper products. I use a kitchen towel to blot lettuce and other veggies. Then I dry the towel on a drying rack. Buy a bidet. After washing yourself, simply dry with a washcloth (mostly).
