The “B” Word Everyone Hates

Let’s face it—nobody likes the word budget. But when you retire and the regular paycheck stops, living within your means becomes more than a good idea—it’s a necessity.

Why Budgeting in Retirement Is So Important

One of the biggest issues I see is that many people think they know what they spend each month… but they don’t actually know. In retirement planning, close enough isn’t good enough. You need to know exactly what your fixed and recurring monthly expenses are—down to the penny.

That includes more than just your regular bills. Expenses like vacations, holiday gifts, charitable giving, and property taxes might only come up once or twice a year, but they still need to be factored into your monthly cash flow needs. If it costs you money—even occasionally—it should be accounted for in your retirement plan.

Get a Clear Picture of Your Spending

We’ve created a downloadable budgeting worksheet to help you track your true income and recurring monthly expenses. This tool makes it easy to break down irregular expenses into monthly equivalents, so you can see the full picture.

Once you have your numbers in hand, you’ll be better equipped to evaluate whether your current portfolio and retirement strategy can meet your long-term financial goals.

Need Help?

After completing your worksheet, I invite you to reach out. I’d be happy to review your results and provide a personalized evaluation and recommendations based on your situation.

Download the worksheet. Get clarity. Let’s build a plan.