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In my parents case I was probably wrong in saying more time equals less expenses. It's more like more time buys more for close to the same. Their day to day living expenses have definitely significantly reduced, due to the time they can devote to savings. Their...

My parents have recently retired and tell me their spending has dropped significantly, but their lifestyle hasn't. Because they now have more time and that equals less expenses... Instead of dropping by the supermarket in a time poor frenzy on the way home from work and picking up what they...