9. They move to areas with a lower cost of living
A significant way of cutting down expenses is downright moving to an area where you don’t have to spend a lot of money anyway. You should relocate to a different city, state or even country if you’re able to. Earning US dollars but spending them in a weaker economy is known as geo-arbitrage, and you’d be surprised how many early retirees opt for this.
Apart from the money, you’ll also be able to focus on different cultures!