Five perks of downsizing in retirement

There’s no right or wrong answer when it comes to whether or not to downsize to a smaller home in retirement. Each person’s situation is unique, and each person must weigh the pros and cons of their own situation.

If you have concluded that selling the big family home and downsizing is the right path for you, then here are some perks you can look forward to!

Travel

The affordability and lower maintenance of smaller living may free up money for you to travel or be more spontaneous about trips and visits.

Organization

Being forced to edit your belongings is hard work, but when your home contains only the things you love and all of them have their place, you’ll know it was worth the effort. (See Marie Kondo for inspiration on how to get started!)

Time

With less space to clean, maintain and keep organized, you’ll free up so much time and be able to spend it with the people you love.

Drive Less

Maybe it’s time to get out of the suburbs or countryside where you had your family home, and start living it up downtown or in the heart of a community! You’ll be able to walk or bike wherever you need to go!

Lifestyle Flexibility

There are so many options: downtown for ease of mobility, close to nature for a meditative lifestyle, or why not try moving south for the winter! Selling your family home means you’ve got a blank slate to start dreaming on.

Downsizing in retirement is about making choices that reduce stress and increase joy!

Which one of these five would be YOUR favourite perk?

What does financial stability mean to you?

Getting personal with you means showing you my humanness. I may have training and expertise to serve you with, but that doesn’t mean I’m without fears!

One of my biggest fears is wondering if I’ll be financially stable in my retirement years. For me, being financially stable is knowing that I’ll have the money for the things I want to do.

For me, that starts with having a roof over my head, being able to pay my bills and insurance, and buying the clothes and food I need to have a comfortable life.

But furthermore, I want to thrive!

Travel, leisure activities, hobbies, fitness training…a gym membership. These are the things that add joy to my life.

To help me regulate my fears and achieve my goals, I am working with a financial planner who helps me plan for the life I imagine. And sharing this fear with you allows me to understand more fully how important it is to talk about our process!

Does learning about other people’s fears make it easier for you to talk about your own?