Are you nearing or in retirement and feeling like you could be spending your money a bit more freely? You’re not alone. Many people think they can spend freely in their golden years, especially when they see the size of their nest egg growing more and more every day.
But can you really spend more without outliving your savings? This is something that worries many retirees, and it’s also why many hesitate to take that dream vacation or make a large purchase.
Can You Afford to Be Spending More Retirement Money?
But how do you know if you can afford to splurge a bit now and then or if you should reconsider your monthly budget to make room for more entertainment or fancier food? Unfortunately, this is by no means an easy question since budgeting for retirement isn’t an exact science….