Make Large Purchases
Getting a new car, a boat or a vacation house may seem like a pretty big commitment – especially at the retirement age. However, every large purchase becomes a powerful asset that offers you security.
First of all, you know for a fact that a big part of your money is right there, with you. If you are used to impulse buying, getting a valuable asset will prevent you from spending it. Meanwhile, make sure to pay off any existing insurance policies and, of course, find a way to get rid of your mortgage quicker.
