Life isn’t cheap and saving for retirement isn’t always easy. But once you hit that magical age, you can begin to relax and reap the benefits of your nest egg.
Whether you’re currently retired or still a few years away, this list from Cheat Sheet highlights a few things you can look forward to finding cheaper so you can save more, spend less and enjoy retirement.
Golden deals for your golden years
When it comes to travel deals, time is definitely on your side in retirement. An increase in time in your schedule means you can travel during the off-season for a fraction of the high-season price, and last-minute deals pop up often so you can travel on a dime! Plus, both airline and cruise lines typically offer senior discounts.
Read more: The #1 rule of cheap travel
It’s important to keep your mind active as you age. Many colleges allow seniors to attend courses for free so check with your local university for details. You can also take numerous online courses for absolutely nothing.
Read more: Where to take free online courses
You finally get a break from taxes because you’re most likely no longer paying into Social Security and Medicare. You may also be eligible for an additional elderly or disabled tax credit.
Most restaurants offer early-bird specials and senior discounts that take a major chunk off your bill. Looking to save even more? To hold down the cost of the bill, money expert Clark Howard suggests drinking tap water and avoiding the Bermuda Triangle of the restaurant industry where restaurateurs make their biggest profits: appetizers, desserts and alcohol.
Similar to traveling, time is your friend when looking for things to do around town. Movie theaters and museums usually offer senior discounts or cheaper rates on certain days — or both! Be bold and ask for a discount, otherwise you might miss out.
Without the time suck of a nine-to-five job, you can finally tackle home repairs and improvements at your leisure. Not too handy? YouTube videos are a great resource for DIY tutorials.
Goodbye wool suits, hello linen pants! You can save big by just dressing casual and eliminating the dry cleaning bill. Consider donating your old work clothes and using it as an additional tax write-off.
Access to Medicare and Medicaid is a huge perk for your health in retirement. You might also be able to save on auto insurance by shedding a vehicle or driving fewer miles.
After years of consistently saving for retirement, you can finally enjoy your nest egg. While it’s still important to save, you can have a little more fun with your funds!
National park admission
Touring the U.S. is cheapest when you’re retired. In fact, the “America the Beautiful” pass is your ticket to more than 2,000 sites, and it’s only $80 for a lifetime membership for seniors.
Many cable and power companies offer senior discounts that can save you big so check with your local service provider for complete details.
It’s never too late to get in shape! National gyms like the YMCA offer senior memberships at a discounted rate. Silver Sneakers is a fitness program through Medicare that offers discounted gym memberships and fitness classes.
Many phone companies offer discounts for seniors. Generally, Clark recommends Republic Wireless or Sprint as the best deal for one person, or T-Mobile or Sprint for families. This cell phone guide can help point you in the right direction.
From shopping to dining to home repair, AARP members get discounts on practically everything. If you join before you retire, you can get in the groove of saving and sail into your golden years with money in your pocket.