8 Ways People Waste Their Social Security Check

Keeping an Oversized Home

Consider downsizing if you still live in the home where you raised your children years after the kids have left the nest. Even if you’ve already paid off the mortgage, larger homes come with higher ongoing expenses, such as maintenance, utilities, landscaping and insurance. Plus, perks such as being in a good school district probably don’t add much value to your life anymore.

Instead, consider “right-sizing” to a home that better fits your needs and your budget. Moving to a condo near where the grandkids live might make you happier and save you money, too.