10 Careless Ways Retirees Waste Their Savings

This article takes a look at the 10 careless ways retirees waste their savings. If you wish to check out our detailed analysis on the importance of financial literacy, you may go to 30 Careless Ways Retirees Waste Their Savings.

10. Being Overgenerous

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Yes, being overgenerous is a thing and can cost you your life savings. Understand that as a retiree, you are dealing with a limited budget, and overspending on charities and donations can mean you have little left for yourself. One way to make sure you are not overspending is by making a budget and finding other ways to be helpful like volunteering.