As life priorities shift after 60, so do your spending habits. It’s a good time to reassess purchases to focus on things that truly add value to your life, ensuring health, comfort, and financial stability. By reevaluating these purchases, you can save money, reduce waste, and make room for what truly matters. Focus on experiences, health, and simplicity as you embrace the joys of life after 60. Here’s a list of 20 items to reconsider buying, along with practical alternatives and tips.
Trendy Fast Fashion
Why Stop: Trendy clothes often have short lifespans and may no longer align with your personal style.
Alternative: Invest in timeless, high-quality wardrobe staples that are versatile and durable.
Michael Buckner | Credit: Getty Images
High Heels or Uncomfortable Shoes
Why Stop: Foot health becomes increasingly important, and ill-fitting shoes can lead to long-term issues.
Alternative: Choose stylish, orthopedic-friendly shoes that prioritize comfort and support.
AP Photo/Jacques Brinon
Over-the-Counter Reading Glasses
Why Stop: These might not suit your specific prescription needs, leading to eye strain.
Alternative: Opt for custom prescription glasses or multifocals tailored to your vision.
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Large Quantities of Perishables
Why Stop: Buying in bulk can lead to food waste if items expire before use.
Alternative: Purchase smaller portions or share bulk purchases with family or neighbors.
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Expensive Anti-Aging Creams
Why Stop: Many products overpromise and underdeliver.
Alternative: Focus on dermatologist-recommended basics like sunscreen, moisturizers, and retinoids.
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Unused Subscriptions
Why Stop: Streaming services, magazines, or clubs you don’t use are wasted money.
Alternative: Audit your subscriptions and cancel those you don’t use regularly.
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Luxury Cars
Why Stop: Expensive vehicles depreciate quickly and often cost more to maintain.
Alternative: Downsize to a reliable, fuel-efficient model or explore car-sharing options if you drive less.
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Heavy Furniture
Why Stop: Large, heavy pieces may be difficult to move or may not suit downsized living spaces.
Alternative: Choose lightweight, multi-functional furniture.
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Extravagant Home Décor
Why Stop: Taste in décor may change, and less clutter often leads to a more peaceful home.
Alternative: Simplify and focus on meaningful, high-quality pieces.
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Lottery Tickets
Why Stop: The odds of winning are slim, and it’s often a financial drain.
Alternative: Set aside the money for travel, hobbies, or experiences.
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Excessive Vitamins and Supplements
Why Stop: Many supplements lack scientific backing and can be costly.
Alternative: Consult a doctor to determine what you truly need for optimal health.
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Over-the-Top Gifts for Family
Why Stop: Lavish gifts can strain your finances.
Alternative: Opt for thoughtful, meaningful presents or experiences like family trips.
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Specialty Kitchen Gadgets
Why Stop: Single-purpose gadgets can clutter your kitchen and rarely get used.
Alternative: Invest in versatile tools like a good knife or a multi-cooker.
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Expensive Electronics Upgrades
Why Stop: Many high-end features go unused, making upgrades unnecessary.
Alternative: Stick with functional devices and upgrade only when needed.
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Frequent Dining Out
Why Stop: Restaurant meals can be costly and unhealthy over time.
Alternative: Cook simple, nutritious meals at home and reserve dining out for special occasions.
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Premium Cable Packages
Why Stop: Streaming services often provide similar content for less.
Alternative: Switch to more affordable streaming services or antenna-based TV.
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Unnecessary Insurance Policies
Why Stop: Some policies, like accidental death or specific disease coverage, may not be cost-effective.
Alternative: Review your coverage with an advisor to ensure it aligns with your current needs.
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New Tech Gadgets
Why Stop: Constantly upgrading to the latest gadgets can be wasteful.
Alternative: Use your current devices until they’re no longer functional.
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Expensive Hobby Supplies
Why Stop: Some hobbies may require costly equipment you rarely use.
Alternative: Rent or borrow tools or focus on low-cost hobbies like walking, gardening, or crafting.
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Unnecessary Credit Card Perks
Why Stop: Cards with high annual fees might not offer benefits you fully utilize.
Alternative: Use a no-fee or low-fee card with relevant rewards like cashback or travel discounts.
