Spending Habits

Managing Your Spending Habits Is the First Step to Creating Success

Are ALL of your purchases necessary? Knowing the difference between wants and needs is the first step to becoming financially healthy.

Financial Health and Your Retirement Bucket

Picturing your retirement can help you plan for it accordingly. We like to use the bucket as a metaphor. Your retirement bucket has an inside and an outside. The inside represents your savings and investments, and the outside is painted with scenes from your dream retirement.

With good spending habits, you can fill your bucket and make that dream a reality.

Welcome to Retirement
Budget Creation

Creating a Budget Today Is a Habit That Will Last a Lifetime

Your budget doesn't have to be complex or time-consuming. Now that you've found $10 by managing your spending habits, put it to use.

What About Your Debt?

The trick to managing debt is always keeping it under your control. You can reduce it while working toward your retirement dreams. Save a little, pay off a little. Save a little more, pay off a little more.

Debt Cards

Now You're on a Roll

Keep challenging yourself to manage your spending habits. If you can spend $10 or $20 less per week, incorporate those savings into your budget. Use that money to save more for your future or to reduce and eliminate debt. Your successful retirement outcome depends on good financial health.

Spender Tips From the Dean

Spender Tips From the Dean

I've never liked the phrase "living on a fixed income" because it implies no spending flexibility. That's certainly not our goal for you at NestEgg U. We are all spenders and we always will be, but it's important to manage expenses. Even in retirement.

Good spending becomes more important as you approach retirement. When you stop working for a living, you'll need a plan for spending the money you saved.

Your current spending habits will carry over into retirement. If you're a poor spender now, there's no magic switch that will make you a good spender when you retire. It takes a concerted effort to change. Start by creating a budget. Make it your goal to enter retirement with little or no debt. These two things will enhance your success.

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Ready for the Next Course?

Managing Your Spending Habits

Find three things that you could reduce or eliminate spending on.

    Your Age

    Retirement Age

    Item you could reduce/eliminate
    Item / Frequency / Amount
    Item / Frequency / Amount
    Item / Frequency / Amount
    You spend:
    You could save*:
    Per Year:
    By Retirement:
    Per Year:
    By Retirement:
    Per Year:
    By Retirement:
    To Your Successful Retirement:
    *Includes a 6% per year annual investment return on your savings.