Retirement is supposed to be a time to relax, not worry about money. But with prices rising and budgets getting tighter, many retirees are making smart choices about what they will and won’t pay for. They know every dollar counts. They also know that some costs just aren’t worth it anymore. If you’re looking to stretch your retirement savings or just want to spend smarter, it helps to see what today’s retirees are skipping. Here are seven costs retirees refuse to pay in 2025—and how you can do the same.
1. Unnecessary Subscription Services
Retirees are cutting out streaming services, magazine subscriptions, and monthly memberships they don’t use. It’s easy to sign up for a free trial and forget about it, but those small charges add up. Many retirees now review their bank statements every month. If they see a charge for something they haven’t used in weeks, they cancel it. You can do this too. Make a list of every subscription you pay for. Ask yourself if you really use it. If not, cancel it. You’ll save money every month, and you probably won’t miss it.
2. Brand-New Cars
Buying a new car is expensive. Retirees know that a car loses value as soon as you drive it off the lot. Instead, they buy used cars that are a few years old. These cars are often just as reliable as new ones but cost much less. Some retirees even share a car with their spouse or use public transportation when possible. If you need a car, look for one that’s a few years old with low mileage. You’ll save thousands, and your insurance will likely be lower too.
3. High Utility Bills
Many retirees are serious about lowering their utility bills. They turn off the lights when they leave a room. They unplug devices that aren’t in use. Some install smart thermostats to keep heating and cooling costs down. Others add insulation or use heavy curtains to keep their homes comfortable without running the AC or heat all day. You can do the same. Small changes, like switching to LED bulbs or washing clothes in cold water, can make a big difference over time.
4. Pricey Cell Phone Plans
Retirees don’t want to pay $100 a month for a phone plan. Many switch to prepaid or low-cost carriers. Some use Wi-Fi for calls and texts whenever possible. Others drop unlimited data plans and only pay for what they use. If you’re still on an expensive plan, shop around. There are many affordable options now, and switching is easier than ever. You might be surprised at how much you can save each year just by changing your plan.
5. Dining Out Regularly
Eating out is fun, but it’s expensive. Retirees are cooking at home more often. They plan meals, shop with a list, and use leftovers. Some join friends for potlucks instead of meeting at restaurants. When they do eat out, they look for early bird specials or split meals to save money. You can follow their lead by learning a few easy recipes and making eating out a treat, not a habit. Cooking at home is healthier, too.
6. Extended Warranties
Salespeople love to push extended warranties, but most retirees say no. They know that many products don’t break during the warranty period. If something does go wrong, repairs often cost less than the warranty itself. Retirees read reviews before buying and choose reliable brands. If you’re offered an extended warranty, think twice. Check the product’s track record. Most of the time, you’re better off saving your money.
7. Expensive Travel Packages
Travel is important to many retirees, but they don’t want to overpay. Instead of booking expensive tours or cruises, they look for deals. Some travel during off-peak times or use rewards points. Others plan their own trips instead of using travel agents. Many retirees also choose to visit friends or family, which can cut costs on lodging. If you want to travel, be flexible with your dates and destinations. Look for discounts and consider less popular spots. You’ll still have a great time, but you’ll spend less.
Smart Spending Is the New Retirement Strategy
Retirees in 2025 are showing that you don’t have to pay for everything. By cutting out unnecessary costs, they keep more money in their pockets and worry less about running out of savings. You can follow their lead by reviewing your own expenses and asking, “Do I really need this?” Small changes add up. The key is to spend on what matters most to you and skip the rest. That’s how you make your retirement savings last.
What costs have you decided to skip in retirement? Share your thoughts in the comments below.
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