Retirees Spend 80% of Their Income in These 5 Areas

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  • Опубликовано: 3 янв 2025

Комментарии • 31

  • @lindadorman2869
    @lindadorman2869 8 месяцев назад +12

    I live in a big city with public transportation, so I sold my car years ago and rent a car every month for a few days to run errands, meet up with friends and attend events outside my local area. Instead of paying $500+ a month for car payments, insurance, maintenance, gas, parking, etc…I pay a fraction of that. I use the same location, so the staff knows me and always provides excellent service. Also, my credit card provides auto insurance so I can decline expensive rental coverage.

    • @Olga_StPierre
      @Olga_StPierre  8 месяцев назад

      Great example, thank you for chiming in!

    • @sjordan7085
      @sjordan7085 5 месяцев назад +2

      I own an older Toyota Camry LE in pristine conditon, costs me $50.00 a month for insurance, oil change $29.00 a year oil change, never more than $64.00 for petrol, I bet your method costs you more than I spend!

    • @PeterVanDeMotter
      @PeterVanDeMotter 3 месяца назад

      If you live in one of those special cities, you may also qualify for a Senior Pass, which saves even more.

    • @PeterVanDeMotter
      @PeterVanDeMotter 3 месяца назад

      Apply at the transit agency. Although the paperwork is daunting (like filing your taxes) it can be worth it.

  • @kce6025
    @kce6025 8 месяцев назад +3

    Great advice!

    • @Olga_StPierre
      @Olga_StPierre  8 месяцев назад

      Thank you! Glad you enjoyed the video.

  • @phinxIX
    @phinxIX 8 месяцев назад +4

    Check with your health insurance to get discount gym membership

  • @economicdevelopmentplannin8715
    @economicdevelopmentplannin8715 7 месяцев назад +3

    More retirement videos please

  • @rg1599
    @rg1599 5 месяцев назад

    I bought my last car from a lease/rental return company. Got a great price and a lifetime drive train warranty. I think these are well maintained and people drive them reasonably.

  • @MilevaTemelkovski
    @MilevaTemelkovski 4 месяца назад

    Thanks for assuming advice ❤

  • @sallyprzybil2404
    @sallyprzybil2404 5 месяцев назад +2

    No. I don’t shop every week. My goal is to try to grocery shop only 2 x a month. That saves a lot of money.

  • @robertwalker5521
    @robertwalker5521 8 месяцев назад +3

    "Reverse Mortgage"
    Just the mention of that phrase should be
    enough to file criminal charges against
    anyone who tolerated it, let alone offers
    names/contacts (obviously, for a fee) .

    • @Olga_StPierre
      @Olga_StPierre  8 месяцев назад +1

      Reverse mortgage is not for everyone as I mentioned. and I recommend only experts in their field, without any expectation of compensation.

  • @onlywenilaugh6589
    @onlywenilaugh6589 4 месяца назад

    Right after you mention your daughter loves ice cream, you start talking about what you eat is important:)

    • @Olga_StPierre
      @Olga_StPierre  4 месяца назад

      I pick my battles! I buy quality ice cream :)

  • @vladonweb1
    @vladonweb1 7 месяцев назад +2

    Очень интересно. Спасибо.

  • @theresajones8367
    @theresajones8367 5 месяцев назад

    $4500/mo. average household retirement income?

    • @Olga_StPierre
      @Olga_StPierre  5 месяцев назад +1

      It depends on different situations.

    • @ruthirwin8222
      @ruthirwin8222 3 месяца назад +1

      My monthly income is 1400 pounds stirling

    • @brendamccarroll9965
      @brendamccarroll9965 3 месяца назад +1

      If you have not made a lot of money on a job like myself. Your social security payment is only $ 1100,00 dollars a month. It depends on weather you have had a good job or not.

  • @Godwinkeneth
    @Godwinkeneth 5 месяцев назад

    As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

    • @kevinvictor-s2w
      @kevinvictor-s2w 5 месяцев назад

      I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

    • @shirelylinero
      @shirelylinero 5 месяцев назад

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

    • @shirelylinero
      @shirelylinero 5 месяцев назад

      Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.