Growing business? Expand your fleet by purchasing multiple new or pre-owned vehicles.
LEARN MOREFind the nearest GM dealership to help keep your business moving forward.
GET STARTEDLearn about budgeting, managing your account and more in our articles.
READ ONExplore current openings to find your match at GM Financial.
TAKE A LOOKSee how we're cultivating a healthy, inclusive workplace for everyone on our team.
WHO WE ARECheck out our exclusive investment opportunity.
LEARN MORE
By Lori Tutt / October 20, 2021 / Your Money
Raising children can be one of the most expensive things people do over a lifetime. When your last child moves out, you may start dreaming about the positive impact on your household budget. But before the spending begins, use the "three Rs" as you consider your empty-nest budget and determine how you want to reallocate your funds.
With fewer people to account for, you can reexamine your monthly expenses and maybe find ways to save some money.
You may find that becoming an empty nester means you can swap out the SUV for a fuel-efficient electric vehicle or a sporty two-seater. If so, you can apply online to prequalify for financing and save time at the dealership. Or treat yourself in other ways.
Learning how to budget for an empty nest may take practice. If you’re not ready to splurge, take a look at practical ways to apply your funds.
Keep in mind that the empty-nest stage of life isn’t something you can experience until it comes. Take the time you need to adjust at home, then explore your new finances when you’re ready. No matter how you choose to adjust your budget, remember — like raising children — change doesn’t have to happen all at once.
From cars and movies to great works of literature, Lori Tutt has a passion for the classics. She’s never claimed to be good with numbers but can readily find the right words to describe money matters like budgets, investments and understanding credit. And when she’s stressed, she turns it around with desserts (or clever wordplay).
Want to restructure your budget? See how loosening the reins might be a good approach for you.
Why It Works
Take back control of your finances and learn ways to recover from these missteps.
Learn How
You've been inactive for a while. For your security, we'll automatically sign you out in approximately: