Expenses on public transport, vehicle fuel, etc. will significantly reduce after retirement.
Expenses on attire, stationary, books, journals, etc., will reduce as they spend more time at home.
Individuals in their 40s and mid-50s typically spend more on children’s education; post-retirement, such expenses may stop.
Home loan-related expenses may be reduced or stopped as people mostly buy homes during their active years.
During working years, people pay helpers for services like carwash, gardening, etc.; after retirement, they can do these tasks themselves and save money.
Keeping an account of your spending can help you cut unnecessary expenses post-retirement.