New Clothing and Accessories
Periodically getting new threads is a priority for the fashion-forward, but it’s also a great place to find a little more space in your budget. A new wardrobe can be pricey, but opting to shop at discount retailers or thrift shops might help you stretch your money further. The average retiree spends an average of $55.56 a month — or $666.69 a year — on new duds and accessories, so cutting half of that out saves over $300 per year.
Savings Subtotal: $1,026.25