Most people spend their working lives earning and saving toward a financial goal. This goal can be a number or something more tangible like a paid-off mortgage. But when you’ve spent decades feeding the same frugality habit, entering retirement and reversing that addiction can be an unfamiliar challenge. Retirement also has a tendency of throwing up questions of status, belonging—and of course, mortality.

In this week’s personal finance edition of Merryn Talks Money, hosts Merryn Somerset Webb and John Stepek confront a difficult listener question on the topic of retirement spending. How can a person start spending freely when their attitude toward spending has been the opposite most of their life? Chartered financial planner and Director at Flying Colours Advice, George Agan joins this episode to share his insights on what to do.

Resources from George to check out if you want to learn more:

Free cash flow resources
This is a video with an overview on how to build your own
This is a free spreadsheet
This a web resource - quite simple to use

The next step up (DIY with support)
Excellent paid course giving you access to professional standard cash flow planning tools

See omnystudio.com/listener for privacy information.

You’ve Spent Your Life Saving. Now Learn How to Spend

Merryn Talks Money

You’ve Spent Your Life Saving. Now Learn How to Spend