Looking for ways to save money in retirement? There’s a number of reasons why you might want to adjust your budget after you retire. Unexpected expenses or new housing can impact your spending. If you want to save money in retirement, we’ve compiled five money-saving tips for retirees that can help.

The Best Money-Saving Tips for Seniors

Forbes offers a number of ways that seniors can save money and make the most out of their benefits. Some of the tips that we found most helpful include:

1. Have a spending plan.

Decide how you’re going to spend your retirement income. Balancing necessary expenses with things you’re passionate about, like traveling, can help you withdraw the right amount each month.

2. Use credit card points and miles.

If you want to travel more in retirement, look into credit cards that can help you pay for airfare.

3. Plan for taxes.

Taxes in retirement can be complicated. Talking with a financial planner about taxes can help you keep more of your funds.

4. Save without cutting back.

Negotiating certain recurring bills could help you save hundreds each month.

5. Maximize what you receive from Social Security.

Are you getting the most out of your Social Security benefits? Waiting to take your benefits until you reach full retirement age can ensure that you receive all that you’ve earned. Your full retirement age can be calculated on the Social Security Administration’s website!

Connect with NORA

NORA is currently working on behalf of our seniors by fighting for a fairer cost-of-living adjustment for Social Security beneficiaries. We believe that seniors deserve a COLA of 3% or more to keep up with inflation and to account for rising living expenses. We’re also asking Congress to make this act retroactive to 2010. If this happens, retirees could receive thousands in unpaid benefits!

Join NORA’s cause by signing our petition. And, of course, follow us on Twitter and Facebook for more updates!