Creative Ways to Boost Retirement Savings Archives

July 21, 2024September 10, 2024

House Sitting Secrets To Save More Money For Retirement

House sitting to save money for retirement is not usually one of the ways we are encouraged to prepare for our golden years. Initially, I thought the only way to save for retirement was in traditional retirement accounts. Saving vehicles like defined benefit plans or 401(k) plans through an employer. Oh, and also Individual Retirement Accounts (IRA).

Photo showing a man wearing a black jacket and blue jeans, walking a large black dog on a leash along a sandy beach next to blue and white ocean waves.

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However, when you are behind in saving for retirement, you must look for creative ways to increase the size of your nest egg. That is exactly what I had to do, as I did not start saving for retirement until my 50s. You might think that aggressively saving to catch up retirement accounts will leave little room for fun. Not true! You can have a great time traveling, while spending very little.

This is where house sitting comes in. My husband and I have completed over 15 house sits in five states since 2021. House sitting gave us the freedom to travel without having to pay for hotels, saving us over $13,000. We then redirected those savings to retirement accounts. Yes, you can still travel while saving more for retirement, and house sitting can help you do it!

February 16, 2022February 21, 2024

Retirement Catch Up Tips That Will Help You Grow Your Savings

Photo of grey-haired woman sitting in a yoga pose on the grass. Like yoga, retirement catch up strategies require discipline. — Photo by Kelly Newton on Unsplash.

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There is a retirement savings gap in the United States and it is affecting baby boomers. Many of us who are behind in saving for retirement are older. This is a problem because we have fewer working years left to make money.

Thankfully, there are a number of ways to catch up retirement savings.

Continue reading “Retirement Catch Up Tips That Will Help You Grow Your Savings”

October 12, 2020February 21, 2024

13 Killer Ways to Make Unbelievably Absurd Extra Money

Photo inside cafe with Beware of Zombies sign, which seemed appropriate for a post about killer ways to to make absurd extra money. — Photo by Chris Hall on Unsplash.

This post on absurd extra money making ideas contains affiliate links. If you click on a link and make a purchase, I will receive an affiliate commission at no extra cost to you. Please read my disclosure page for more info.

It doesn’t seem logical that anyone could make a bunch of extra money by doing something as ridiculous as selling used underwear or milking snakes, but these are the kind of frightful money making ideas that are fun to read about.

After all, you have to think outside the box if you are behind in saving for retirement. My goal is to help you find creative ways to catch-up retirement savings after a late start. The absurd extra money making ideas in this post definitely fall under creative or alternative ways to make some cash for retirement. Who does this stuff?!

October 9, 2020February 21, 2024

Money Making Ideas That Will Make You Laugh

Photo of woman holding bitcoins over her eyes as a funny joke to make you laugh. — Bitcoin? No thanks! Photo by Thought Catalog on Unsplash.

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When you’re behind in retirement savings, you might be tempted to try all sorts of unusual or creative ways to make extra money. After all, you may not have that many working years left (or at least you hope not). I know you’d rather be enjoying your retirement!

Making extra money from a hobby that you enjoy can be a great way to increase your saving rate. Especially if your hobby is a profitable one.

If you don’t have a lucrative hobby, don’t despair! There are many other money making ideas you can try. This post highlights different ways to bring in some cash, including ones that are weird, strange, or just plain funny!

May 22, 2020February 21, 2024

Creating Gift Guides As A Way To Earn Money

Photo of a gift guide. Check other gift guides before you begin creating gift guides. Affiliate link for Perfect Gift Guides online course. — You can create gift guides to save more money for retirement. Image by Micheile Henderson on Unsplash.

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Helping baby boomers learn how to boost retirement savings after a late start continues to inspire me. Today I’m excited to share a guest post from Anne, the owner of Unique Gifter, who highlights another creative way to catch-up retirement savings. Anne is a personal finance writer who also knows how to give the best gifts. In addition to her blog, she is the creator of an online course, Perfect Gift Guides.

Take it away, Anne!

If you’re trying to increase your retirement savings later in life it can be challenging. Especially if your paycheck is already spoken for as soon as it arrives. The easiest way to increase your savings when you don’t have any spare change is to earn some extra money on the side. To help with this, consider creating gift guides in your spare time. They’re perfect for earning some extra cash that you can put right into your retirement savings. Here’s how you can earn extra money for retirement by creating gift guides!