Ashland, MA:

This Single-Family in Ashland, MA recently sold for $566,000.

This is a Contemporary style home and features 10 total rooms, 3 full baths, 1 half bath, 4 bedrooms, 2.11 acres, and was sold by
John Ellsworth – REALTY EXECUTIVES Boston West

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Retirement can be expensive. Transitioning from a steady income to living on a fixed one can be difficult. If you are nearing or currently in retirement there are some ways to stay within budget and reduce your spending.  Here are some tips to help reduce your retirement expenses:

Have a Budget

The most important and crucial first step is to create and stay within a budget. Over the course of a few months track and review all of your spending habits. Track things like food, housing, utilities, entertainment, etc. and create categories of spending. Analyze how you are spending money and if needed make adjustments to stay within budget.

Manage Your Costs

If you need to reduce your spending there are some easy ways to accomplish that. Try using coupons, shopping for store brands and even buying in bulk. If you have too much of a bulk item try splitting with a friend. Look for free entertainment in your area  at the local library or senior center. Take advantage of shopping senior discounts. Many stores have certain days or hours when seniors receive a special shopping discount.

It may also be possible to lower household costs such as electricity, and water by negotiating with your utility company. They may even offer a senior citizens or income discount. Talk to family members about family cell phone plan to help reduce costs too.

Manage Your Medication

Health care costs are a big concern for seniors.  Talk with your health care provider about any generic medications available. Generic medications are often much less expensive. Don’t be afraid to shop around, prescription and medicine prices are not the same at every store.

Most of all continuously review your budget and spending to make sure you are staying on track.

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