When it comes to finances, retirement is often treated as the endgame. Once you’re retired, it is easy to feel like you are done  saving. Well, if you want a comfy retirement, that isn’t quite the case. Even though you are retired, money is still an object (usually) and you have to stay vigilant to keep yourself in the clear. For most, this can be difficult on a fixed income during retirement. To help you out, here are the top 10 best money saving tips for retirees:

Limit Eating Out

If you don’t have to work, cooking (or learning how) should be on your to-do list. It has the potential to be much cheaper, healthier, and sometimes even tastier than going out to eat. While you deserve a treat every once in a while, make cooking as much of a habit as going out to restaurants to save yourself some cash.

Work on Your Own Car

Again, the time you have on your hands can save you some money. If you have car troubles, try to take the time on YouTube learning how to fix the little issues with your car. This can save you a boatload of cash as your car ages, and can serve as a fun project to keep you busy when the family isn’t around.

Dedicate Yourself to a Hobby

Idle hands can also lead to a lot of wasted cash on things to do. If you dive into something you have always wanted to learn, this will keep you busy enough to not spend money aimlessly, and rather keep your finances focused on one thing. Not only can this help save cash, it can also become a money-maker!

Have Some Free Fun

There are so many things that you can do for free that you may have never thought of. Parks, libraries, beaches, hikes, and many other public areas are free and entertaining. Check out what public events your city is putting on and try to join some. This is a great way to have a good time without breaking the bank.


As you age, exercise gets more and more important. Not only will it keep you looking and feeling good, but it can also be pretty cheap to get out and move. even taking a long walk every day can be enough to keep you spry, and it also can save you money on doctor’s bills. Being healthy is a financial and a physical investment, and the benefits come in spades.

Don’t Use Credit

Once you are retired, it is probably time to stop borrowing money. Any interest you take on is just eating away at your retirement funds, and that just isn’t fair to you. This is especially true for credit cards, as they have aggressive interest rates and are easy to lose track of.

Cheap Vacations

It is only natural to want to travel once you retire. The good news for you is that there are many ways to make it affordable. Apps like Hopper make it easy to find when and where cheap flights are running, and how long to wait to save the most cash. That, along with some strategic destination selection, will make sure you save a ton of money without sacrificing your dreams of travel.

Cut the Cable

Streaming services are bigger than ever, and there are many ways to watch the sports and shows you love. Cable is often not the most cost-effective way to do that, and you end up stuck in package deals that overcharge you for things you don’t watch. Do some research and figure out what is best for you, but try to cut the cords and go with internet solutions, as they are often better values.

Set a Monthly Goal

These tips can sound boring, and it only becomes fun when you see results. So, every month you should be setting a goal for how much you’ll be sending into the savings account. This will show you a tangible result of your efforts each month.

Give Yourself Some Rewards

Along with your monthly goal, you should set a “reward goal”. This means that once you hit a certain number in your savings, you spend a certain percentage of it on something you’ve wanted for a while. Maybe it’s a nice dinner, a new part for your car, a fancy bag, etc. This will make sure that you are really feeling the fruits of your efforts, and that will make you a more effective saver.