This, in turn, means there are more hours every day to do something else—whether it’s travel, a leisurely walk, exercise, volunteering, a neglected activity or hobby, time with family or friends, or even just resting with a good book. By downsizing, you’ve now claimed more time for yourself and your priorities in your golden years.
10. More Peace and Security
A major benefit of downsizing is the peace and security that comes with making that big decision and having successfully downsized from your current home into a smaller dwelling. You will have peace of mind that you downsized before it was too late—you didn’t wait too long to organize yourself and your home, declutter, and get rid of possessions you no longer need. You won’t have to worry about doing this in the future when you’re older and/or in poor health, and having to leave all the work for your grown children. Downsizing also brings security. You’ll have financial security in the sense that you were hopefully able to make a profit and enjoy increased cashflow to help you throughout your retirement. The security also comes in knowing that you’ve successfully sold your home and you’re going to be OK as you age, whether you’ve downsized into a smaller house, condo, apartment, or community living. And, as we’ve already pointed out, you will have more time and less stress.
WHAT ARE YOUR OPTIONS?
There are plenty of options when you’re looking to downsize and live a more simpler stress-free lifestyle, and you need to consider
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