It’s Sunday, which means...It’s recap time!

The theme this week on the One Minute Retirement Tip podcast was: Setting Your Retirement Budget

Making a realistic plan for how you will spend your money in retirement is one of the most important steps you can take in the years leading up for retirement.

In case you missed any episodes, here’s what we covered in each episode this week:

• We started with understanding your various income sources in retirement. 1st we gotta figure out where the money is coming in from, and then we can get to work on spending it.
• Then we moved on to the spending part...I talked about how to go about calculating your essential and non-essential living expenses, why you need to separate those out, why health care costs deserves it’s own line item in your budget, and then how to plan for those expected and unexpected spikes in spending during retirement.

I hope that I helped you think about both sides of the spending coin - money coming in and money going out and provided you with some useful guidance on how to begin the process of setting your retirement budget.

Tomorrow, come on back, because we’re starting a brand new theme: 5 inspiring quotes about money and investing. Theodore Roosevelt once said “The only man who never makes mistakes is the man who never does anything.” I’ll talk about why I love that quote along with several others, and how it applies to making good decisions with your money in next week’s episodes.

Thank you so much for listening this week! Please leave a review on Amazon, Apple Podcasts or wherever you listen to podcasts. I really appreciate your comments, and reviews also help new people discover the show. My name is Ashley Micciche and I hope you have a blessed Sunday.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance