Money saving tips for you in retirement

With lots of free time on the horizon, your new hobby doesn't have to cost money. Your local area is full of free events, classes and clubs to suit every interest. Men’s, women’s or queer sheds are a great place to skill share, socialise and get involved in your community. These are social places that won’t cost a penny, where you can stay active in mind and body without spending much.

Downsizing

Making money on items you no longer need is simple. Furniture can be sold on adverts, local markets and Instagram stories. There’s always an audience for things like books, ornaments and clothes via apps like Vinted and Depop.

Look twice to see what else could be in good condition and given a second life with someone else. Take part in local carboot sales and share items with family or friends. You can also donate unwanted items to your nearest charity retailer (find them here).

Your Local Library

Make the most of what your local library has to offer, save on new books, borrowing records or media as well as instruments and tools at some libraries. Many offer a social side with free classes, workshops and clubs.

Repairs

Learning the art of repair can save you plenty of money in the long run, and add new skills to your repertoire! Repairing reduces the need to buy new and replace every time something is damaged. Simple mending of clothes and fixing appliances makes them last longer. If you’re not sure where to start, you can join a free repair cafe or club in your community. Find out more about repair cafes here and your nearest upcoming events here.

Share/Swap

Neighbours, family, friends and further afield can all be a place to swap equipment, clothes, books, tools and more. Libraries of things are a great resource for borrowing. For example, Mud Island Community Garden has a free library for members, supplying a range of things from DIY decoration kits to drills and bike stands.
Clothes and plant swaps are also a great way to give and gain things without exchanging money. Find out how clothes swaps work here and your nearest upcoming events here.

Growing your own

A great way to stay social and get your hands dirty, is joining an allotment. Many retirees are already part of community gardens and allotments, allowing them to grow as much or as little as they like while enjoying an outdoor activity.

Making the most of your green spaces means you can maximise how much food you get from them. Herbs can be easy to grow and save a good amount of money once you cut them from your weekly shop. Growing cupboard staples like carrots and potatoes will be saving you money in no time. If allotments are new to you, you can dive into what happens at them before you join.