Track your current spending patterns to plan for retirement
We're building a comprehensive expense tracker to help you understand your spending patterns.
Understanding your current spending is crucial for retirement planning. Many retirees need 70-90% of their pre-retirement income to maintain their lifestyle. By tracking your expenses now, you can better estimate your retirement needs.
Our expense tracker will help you categorize spending, identify areas where you might reduce costs, and project how your expenses might change in retirement. It will also help you distinguish between essential and discretionary spending.
Start by reviewing your bank statements and credit card bills to get a clear picture of where your money goes each month.
Start simple: Begin by tracking major categories like housing, food, transportation, and entertainment before getting into detailed subcategories.
Be consistent: Track expenses for at least 3 months to get an accurate picture of your spending patterns.
Consider retirement changes: Think about how each expense category might change when you retire (no commuting costs, but potentially higher healthcare costs).
While we build this tool, you can start by gathering your financial information using our retirement checklist.
View Retirement Checklist