You have goals. We'll help you get there. Jump right in. We're ready for you!

Spending to Save: The New Retirement Path

MulletMoney23 Blogger



Spending money is a fact of life. Smart habits (even with the little things) go a long way when it comes to long-term saving. Check out these tips, and share your thoughts below.


The convenience factor

Hitting happy hour or the drive-thru on the way home from work is easy, but it may not be the best call for your wallet or waistline. Long-term unhealthy habits can endanger a lot more than your retirement savings: Up to half of all premature deaths in the U.S. are due to preventable factors like diet, according to the National Research Council and Institute of Medicine.


The good news is eating healthy doesn’t have to break the bank. Registered Dietician Brianna Elliot put together a comprehensive list of healthy, affordable foods we should focus on. Have you ever imagined how much money you could save by simply adapting your diet? Picture your health as your most important long-term investment.


Patience, young grasshopper

Big-ticket items like a new car or TV are certainly tempting, but the stress of making multiple payments can sap the fun out of ownership. Consider setting aside fun money in a separate account for these purchases. After patiently watching your dough grow, you get to reap the rewards of your discipline: the satisfaction of paying off your new toy in full, sailing past irritating monthly payments and looming interest.



Travel for less

Vacations can cost a bundle, but smart planning and workarounds can save you big bucks. Instead of dealing with overpriced hotels, consider browsing unique, cozy vacation rentals on sites like Airbnb and VRBO.


Budget-friendly globetrotting can be applied to travel packages, too. Groupon and LivingSocial are wildly popular, and you can even lock in dates a few months out, building up some cheerful anticipation.


Did you know you can put plane tickets on layaway? Sites like Airfordable allow you to lock in a ticket and make small payments until it is paid in full – interest free. Once paid, the airline emails you your ticket. This way you can get dibs on low airfare ahead of time, helping you save spending money in the months leading up to your trip.


Save for some fun

We’re told our entire lives to save, save, save – for good reason. But is skimping during your entire working years really the point of living? Like most things in life, balance is key. Spending is inevitable. Spending thoughtfully is a choice.


Do you have any thoughtful spending tips to share? We’d love to hear from you below.



1 Comment

I am so happy to learn about Airforable! Thank you for sharing these great tips. Look forward to seeing awesome tips on this topic from readers. Smiley Happy

Warning: Misuse of Transamerica name in fraud schemes. Read more.

This material was prepared for general distribution.  It is being provided for informational purposes only and should not be viewed as an investment recommendation.  If you need advice regarding your particular investment needs, contact a financial professional.

Insurance products and services are offered or issued by Transamerica Life Insurance Company, Cedar Rapids, IA; Transamerica Financial Life Insurance Company, Harrison, NY (licensed in New York); Transamerica Advisors Life Insurance Company, Little Rock, AR; Transamerica Premier Life Insurance Company, Cedar Rapids, IA; and Transamerica Casualty Insurance Company, Columbus, OH. Variable products and mutual funds are underwritten and distributed by Transamerica Capital, Inc., or Transamerica Investors Securities Corporation, each a broker/dealer and member of FINRA. Securities and investment advisory services offered by Transamerica Financial Advisors, Inc., a broker/dealer, member of FINRA, SIPC and a Registered Investment Adviser. Investment advisory services focused on the unique needs of individual retirees, retirement plans and their participants offered by Transamerica Retirement Advisors, LLC, a Registered Investment Adviser. References to Transamerica on this site apply to an individual company or collectively to these and other Transamerica companies. This site may not yet be approved by the Departments of Insurance in all states at the time of publication. Transamerica companies are part of the Aegon Group. Copyright 2011 - 2017 Transamerica Corporation, 4333 Edgewood Road NE, Cedar Rapids, IA 52499 - All Rights Reserved. Transamerica does not sponsor, endorse or promote any products or services mentioned

  • COMB0417