Alcohol
Going out for drinks with friends can be one of life’s great joys. However, it’s also fairly pricey, with the monthly cost for those aged 65 and older averaging out to $19.68. Although that’s somewhat modest when compared to younger Americans, it still adds up to $236.13 a year.
If you can stick to water every other evening out, you can potentially shave almost $120 off of your budget.
Savings Subtotal: $692.91