Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Are You a Baby Boomer? Here’s How You Can Catch up on Retirement Savings

May 18, 2021 · Retirement Life

Find Room in Your Budget To Save More

Most people who are not veteran savers just assume that whatever they have leftover for the month is how much they’re able to set aside and save. But you can always find more room in your budget, all it takes is being honest with yourself.

This is where you differentiate needs from wants. Once you pinpoint your wants, you can start cutting them down. Eating fast food every day is definitely something you could do without, for example. If you don’t believe us, calculate how much you’re spending on fast food per week, then multiply it by month, then by year, just to see how much you’re actually spending.

The same goes for other guilty pleasures. You have the most control over your discretionary spending, so cutting down on this area in order to prioritize your future is key.

Bonus points if you’re able to stop smoking, for example, in order to save more. You’re getting healthier while also making sure your retirement savings are growing!

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

13 Overlooked Locations for Retirement in the U.S.

Discover 13 underrated retirement cities in the U.S. that offer exceptional healthcare, affordable living, and…

Read More →

8 Ways To Avoid Retirement Poverty

Buy the U.S. government inflation-adjusted annuity – By delaying Social Security benefits for four years, you…

Read More →

Be Careful! 5 Dangerous Scams Targeting Retirees

An elderly man looks concerned while holding a telephone receiver and pen during a suspicious…

Read More →

Social Security’s Latest Raise Is Nothing to Write Home About

The Cost of Living Adjustment, also known as COLA, is something seniors throughout America are…

Read More →

19 Unsuspected Obstacles That Prevent You From Having a Worry-Free Retirement

Neglecting the 401(k) rollover Most of us have changed jobs at least once in our…

Read More →
A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town.

10 Countries to Retire Where $150K Is More Than Enough

Discover how a $150,000 nest egg combined with Social Security can fund a comfortable, vibrant…

Read More →

Productive Things to Do in Retirement

For a lot of Americans, retirement age can seem daunting due to financial or healthcare-related…

Read More →

Are Your Retirement Savings Safe? 6 Surprises That May Derail Your Retirement Plans!

Adult children who move back in Most adult children and their families don’t consider the…

Read More →

Best Multivitamins For Over 50s

Best Multivitamin for Women Over 50:  One A Day Women’s 50+ Healthy Advantage – The One…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.