Moving to a fixed income in retirement can be challenging, especially if you haven’t had to live according to a budget before. When budgeting for life after retirement, think ahead to major ...

“In retirement, it would be best if your primary home is paid off—no mortgage. You then would only have taxes and carrying ...

Having a monthly budget helps you make smarter choices with your money. It shows where your money is going and helps you plan ...

Practice budget management Your income, expenses and priorities will ... Even if your necessities fall under the 50% cap, revisiting these fixed expenses occasionally is smart.

Retirement is a time to enjoy the fruits of your labor, but it also presents the challenge of living on a fixed income ... The key is to create a budget that accommodates your lifestyle while ...

Use these steps when making a personal finance budget for the first time: 1. Examine your income To start a budgeting plan, you first need a good pulse on your monthly income — more specifically ...

While making a budget, you may choose to use a time-tested budgeting strategy that works for you. Popular methods include 50/30/20, paying yourself first, and envelope budgets.

But your car has seen better days — nearing the end of its life at 200,000 miles. Since you haven't purchased a car in a long ...

From there, you can adjust your spending to align with your $2,000 monthly budget. When living on a fixed income in retirement, it’s more important than ever to protect your retirement funds ...

A retirement budget considers income from Social Security and retirement accounts plus expenses such as housing and health care. Factor in potential lifestyle changes, such as reduced work-related ...

Sarah Haertl from Colorado Credit Union said one of the biggest burdens she sees for senior citizens, in particular, is ...