4 Tips for Saving Money in Retirement

1. Shed some wheels. If you’re a two-person home, do you really need eight wheels? Try living without one of your cars. Renting a car when you have an occasional vehicle conflict is less costly than paying double for insurance, maintenance and gasoline.

2. Comparison shop. Pharmacies often charge different prices for the same medicine. See which offers the best price. If you’re taking a long-term drug, consider mail-order pharmacies, which often charge lower prices—and save you gas money on trips to the drugstore.

3. Split the cost of movie night. Go in with a neighbor or friend on the cost of a mail-order movie club. One of you views the DVD first and then passes it on to the other. Now you have change to spend on hot, buttered popcorn.

4. Make cash-free gifts to charity. A gift in your will of a percentage of your estate helps support our students and programs well into the future. Or you could name us as the beneficiary of your retirement plan assets. When given to a tax-exempt charitable organization such as Gonzaga University, we can receive your gift free of income and estate taxes. Contact us at 800-388-0881 or plannedgiving@gonzaga.edu to learn more.

Visit the Office of Planned Giving website for even more quick tips on giving! Go to http://www.gonzaga.edu/plannedgiving.