How to spend your pension wisely.

[kayode10]

it is very important for pensions to spend money wisely over here as the government usually seen them for a long period of time. Another thing they can do with their money is to invest in a business that brings passive income.

 

[Justin]

In my home country, once you retire from government jobs, you receive pension on in quarterly basis. Once you receive your pension, you can use the money to pay your bills and buy supplies.

 

[Toyoabasi]

What is pension; we all know that pension is the money paid to a retired worker either in a governments work or as a company worker.
How should we spend our pension money, is it for us to build house, buy car, go for vacation, or is it for starting business to make another source of income.
How are we to spend our pension money rightly ?

The pension comes every month for retirees. If you as a pensioner was able to manage your salary while in active service, it will be easier to manage your pension. Know how well to spend and save, or even invest.

 

[YERUS]

What is pension; we all know that pension is the money paid to a retired worker either in a governments work or as a company worker.
How should we spend our pension money, is it for us to build house, buy car, go for vacation, or is it for starting business to make another source of income.
How are we to spend our pension money rightly

Every pensioner is at liberty to do whatever he or she deems fit with their pension.
In all, spending wisely is very important.
The pension may come monthly or otherwise; as it comes, do well to make out a good budget to avoid over spending.

 

[Mayox25]

Pension is not meant to be used to buy a car, build a house or do any capital intensive expenditure. It ought to be used to keep body and soul together.

 

[Dagm1]

In the public sector, pensions are extremely beneficial.
Think on what you have, what you want, and what you're doing right now. Selling a large property and moving into a senior retirement community, selling an additional automobile, or selling luxury clothing and handbags are all possibilities. Set aside some of your profits.

 

[Smiles20]

A lot of people normally get very lonely after retirement so I think you should spend a decent amount of your pension in doing something that is going to keep you busy while not stressing you.

 

[Toyoabasi]

Every pensioner is at liberty to do whatever he or she deems fit with their pension.
In all, spending wisely is very important.
The pension may come monthly or otherwise; as it comes, do well to make out a good budget to avoid over spendin

Pensioners should be able to plan how well to spend their pension. Their pensions would be a smaller version of their previously earned salaries, so the rate of spending should be cut down.

 

[greenie]

The best way to spend your pension wisely is to plan on how to spend it before it arrives. Personally, I believe investing about 30% of your pension is necessary in order to make more money. You can spend 50% on family and immediate needs. They save the remaining 20% as it will be wise to do so.

 

[Sotherefore]

Depending on your pension a lot of people can be able to invest in a business they can run for a long time and some people who may not have the strength to run a business and invest it in real estate to end times of money, location also play a very important role to determine what will be suitable.

 

[Kaffyfolla]

Handling finances as you settle into retirement is surely different than when you were working and earning a steady income. Since most retirees live on a fixed income, making smart money moves in the early part of retirement can help you retain your standard of living in your later years.

 

[HayKay]

The best way to spend your pension is to seek for sustainable investment that can generate income on a regular basis - either starting a business or other means you can think of.
That way, you still have something that's constantly bringing in money for you.

 

[joy101]

Pension is the money you get after your retirement so you have to spend it wisely, so you can also invest part of it investment so that you can yield some profit from it.

 

[Kunkun]

Whether or not one spends his pension money wisely or not depends on the individual, so its better to cultivate good finance habits when it matters so when that time comes when you can't work anymore you do it right

 

[GoldenLady]

What is pension; we all know that pension is the money paid to a retired worker either in a governments work or as a company worker.
How should we spend our pension money, is it for us to build house, buy car, go for vacation, or is it for starting business to make another source of income.
How are we to spend our pension money rightly ?

If one has planned properly, pension should be used to just sustain your day-to-day expenses. However, for most people it serves as capital for business to support the pension itself.

 

[Sincerem]

The best way to spend money and ensure that you are constantly earning be it your pension or any other money is to invest wisely with it this way your money works for you and you are constantly getting returns.

 

[Robust]

Spending your pension depends on what is your plans after retirement and the way you want your lifestyle to be. Wether you want to spend on luxury things or you want to invest all depends on your choose.

 

[joy101]

You can choose to spend your pension anyhow you choose on luxury and beautiful things of life then when the money is exhausted you would see the need to spend wisely and create a passive income if you do not have one.

You need to spend your pension money wisely you can also invest it in order to make more profit to you, because money is the money government paid to the retired workers, so one need to spend it wisely.

 

[tyrim88]

The best way to.spend your pension wisely is to have a good plans either by investing it or to save it even if you don't have any plans readily available on how to spend it.

One of the things that most employees or persons that are into active sevice fail to do on time,is that they usually neglect the aspect of setting aside some small business for themself,that will take care of them after retireement.

 

[Sincerem]

Personally I invest my pension in real estate. Real estate can gives opportunity for people to enjoyed some benefit after retirement or maybe start up a business I know we will be profitable.