Create a new budget. His single budget was different from his married budget; Similarly, the budget you have once you retire should be different from what you had while working. Make a list of all your expenses so you have an idea of how much you spend per month.
Eliminate work related expenses
Sometimes many tend to be scared because at first sight the money does not seem to reach, but they forget to cut some expenses that belonged to their time in the office, such as gasoline to go to work, coffee, lunches outside, etc. Look for extra income. It is not only recommended to give one or another taste, but also to avoid some sadness that comes from leaving the job to which one is accustomed. So if you have a hobby that could produce some extra income, this is a great time to carry it out.
Leave your money in good hands. If you are going to receive a certain amount each month, it is logical that your funds shrink, so you need to be paid good with the interest on them. A great option is pension deposits, which pay you high interest on a monthly basis, if you wish. And is that just thinking about everything that can go wrong, you are discouraged and prefer to continue in your current situation. Don’t be scared, this doesn’t have to be that way. There are several entities that offer it, so it is best to compare your options before choosing.
Treat yourself from time to time
Not having stopped working means that you should save as much as you can. It is highly recommended that from time to time, seek to do something you like, eat out or even a small trip accompanied by your family or friends.
This new stage does not have to be synonymous with scarcity, if you move your chips correctly.