With more than 66% of Australians experiencing some form of financial stress, every dollar spent on bills matters. Especially for retirees, with more than 53% of people over 50 worried they might outlive their savings and investment.
But living in a retirement village can help you feel more secure in your financial commitments. And when you factor in living costs, it can save you money compared to the costs of living in and maintaining a bigger family home.
Living in a retirement village is different to owning your own home or renting. In a retirement village, you buy the right to reside in your home and enjoy the lifestyle facilities in your village. And there’ll be fewer of those household bills that would arrive when you least expected them because your monthly service fee takes care of:
Aside from monthly service fees, your main costs will be:
But in a retirement village, you get to say goodbye to plenty of the costs and jobs you had to worry about in your family home.
There are a few other ways to save money when you choose to live in a retirement village.
Many villages have a resident mini-bus that takes regular trips out. And with many of our villages close to shops, medical services and usually with public transport nearby, you might decide to ditch the car altogether.
For the intrepid travellers, sailors or caravanners, you’ll be happy to hear that in some villages, there is space for parking boats and recreation vehicles at a very reasonable cost. So when it’s time to go exploring, you can lock up and leave at the drop of a hat.
You want your retirement to be long, happy and stress-free, and your financial situation can play a huge role in your happiness. Without the constant worry of surprise bills, you'll be free to make the most of your retirement. After all, this is the time to put your happiness first and enjoy yourself.
For more information about the lifestyle and support offered at our retirement villages, call our customer service team on 1800 550 550.
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