Many women 55 or older need to trim their spending—either to build a nest egg faster or to make it last. In addition, cutting expenses is a more efficient way to generate a cash reserve. Reason: You may have to pay taxes on the money you earn, either from work or from investments. But there is no tax on money you don’t spend! This information may help:
Spend Less, Save More
- Very thorough article from Kiplinger's. Works with 8 categories of spending and then shows many ways to save within each category.
- A thoughtful approach from Wikihow. Offers strategies—how to think about saving--as well as specific things to do.
- Businessweek shows you 25 ways to save. Serves up each way with a photo, so it’s easy to get into the article.
- Bargainst covers a range of ways to get more for your money when you buy.