It’s understandable that many people are nervous about making their retirement savings last. This is one of the top concerns for retirees besides securing good health care.

When an individual makes the decision to move into retirement, it is always a decision that is taken with great care and ultimately some degree of sacrifice.

We want to be safe, secure, and to have access to the things we care about. You’ll want to make sure your financial planning works seamlessly and gives you plenty of flexibility to do the things you love the most.

So what are some sneaky ways you can cut down on unnecessary costs, even once you’ve planned a budget? There may be some saving opportunities you haven’t yet considered- some you’ll never miss!

Plan your income and savings.
Most of us don’t have to be told, but if you haven’t got a well-structured financial plan, now is the time to build one. Seek out a reputable advisor and find the best ways to make the most of your income and savings. Be sure you only use approved advisors with great references from people you trust.

Update or cut down on subscriptions.
Many subscription magazines are now available online at a far cheaper alternative. If you regularly receive any publication and like many people, don’t always get the time to read it, think about whether you really can do without it. If not, find the online version and save on paper waste and storage!

Stay local!
The beauty of a retirement village is the centrality of your new life. Often, these villages are places with convenience at the heart of every decision, which means travel costs need only really apply when leaving town, so make the most of what is available to you in a close proximity to where you live!

Have time, will travel…
When the travel bug bites, you can now go with the flow! Always shop for the best deals when travelling away from your home during retirement, and have someone you trust help to make those decisions. This is a great opportunity to make savings where you can!

The great thing about travel during retirement is that you can do it off peak, and enjoy the places you want to go at some truly fantastic off peak prices! There are some incredible savings to be made here!

Victoria Towers continues to provide luxury retirement accommodation on the Gold Coast, at the convenience of our beautiful Southport location. If you’d like to explore the possibility of retirement perfection, call Victoria Towers today.