What is your best money saving idea for retired people?

[You]

What's the most effective money saving strategy for retirees? I'm looking for practical tips to stretch my retirement funds further. Should I prioritize downsizing, travel hacking, or smart investing? Share your expertise to help me make the most of my golden years and ensure a financially secure future!

 

[Shavkat]

It may sound weird, but I think they can still be productive in participating with forum sites and the like.

 

[eldavis]

Instead of relying on saving alone, it will go a long way to also have investments that will generate passive income for me.

 

[Sawe]

I think a retiree should be big on smart investment. This is because they need a way to keep and grow their money in order to last longer. So they should learn investment strategies and businesses that work for them.

 

[nomad]

Retirement means you do not have active income, in that case saving will be very difficult for you

 

[freelancermaria]

It is essential for retired individuals to have a source of passive income. One viable option is investing in property, particularly in an apartment, as it offers the potential for consistent monthly earnings.

 

[King Belieal]

I just believe that people that know they are going to retire someday should build a very strong business for themselves.

 

[Stardom22]

For them if they could have started saving little by little while working for the retirement that could be a very great idea.

 

[Kera]

Retired people should have finished training their kids way before retirement so that they don't get to spend retirement funds on training kids.