For more detailed planning, consider using tools like a retirement calculator or a retirement budgeting worksheet to estimate your income and expenses.

Retirement frees your time and energy to use as you please. But unless you’re one of the lucky few to retire with more money ...

Budget worksheets provide a basic layout for tracking your monthly expenses and income so you can pinpoint where your money is going and figure out areas where you can cut back on spending.

For more detailed planning, consider using tools like a retirement calculator or a retirement budgeting worksheet to estimate your income and expenses.

To keep an accurate budget, your budget worksheet should include a category for annual expenses, such as gifts, car registration renewals, membership renewals, car repairs and other incidentals.

Committing your budget to paper takes the benefits a step further by showing you exactly where your money is going and how much you need to cover your expenses.

Use NerdWallet's free template to make a budget that aligns with the 50/30/20 spending rule. A budget can show you where your money is going so you can make changes if needed.

Hello, baby boomers and seniors! As you step into retirement, one of the most crucial things you need is a solid budget. But don’t just think of a budget as a boring old spreadsheet — consider ...

Having a firm handle on your future expenses may be the most important step in developing your retirement plan.

Learn more This is the No. 1 expense, by far, for retirement-age Americans — and pros say it shouldn’t be Plus, 7 ways you can cut down on retirement expenses.

Subtract Retirement Expenses From Retirement Income This is the moment of truth. If you have income left after subtracting your expenses, great! Your budget is OK as is.

Identify Your Current Expenses A realistic budget is often more about expenses than it is about income. A good first step is to figure out how much you’re currently spending.