Alexandoy
VIP Contributor
This topic is very common to the seniors particularly to those who are already retired. I had seen that in my uncle who was very generous with us. But come one Christmas day the gifts were just tokens with not much value. The wife said that our uncle had retired so they couldn’t sustain the standard of living with the meager pension. That really made me sad and that scene stuck on my mind.
Some years before my retirement age my first priority was to change my luxurious lifestyle. Even if my wife will still be working it is better to be used to a frugal life. No more luxuries but maybe we will still be traveling abroad although not too often anymore. After 5 years of retirement my personal funds is holding on. Thanks to my frugal lifestyle that I have no fear of being in poverty. It is a good choice to control the spending and to lower the standard of living when you get retired.
Some years before my retirement age my first priority was to change my luxurious lifestyle. Even if my wife will still be working it is better to be used to a frugal life. No more luxuries but maybe we will still be traveling abroad although not too often anymore. After 5 years of retirement my personal funds is holding on. Thanks to my frugal lifestyle that I have no fear of being in poverty. It is a good choice to control the spending and to lower the standard of living when you get retired.