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Budgeting for an Empty Nest

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, it’s important for you to consider your empty-nest budget and determine how you want to reallocate your funds.


With fewer people to account for, you can re-examine your monthly expenses and maybe find ways to save some money.

  • Downgrade internet service plan
  • Step down from high-data mobile phone accounts
  • Unsubscribe from premium TV and/or streaming channels


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. Apply for credit online to help save time at the dealership. Or treat yourself in other ways.

  • Plan a vacation
  • Purchase new furniture
  • Schedule a spa day


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.

  • Pay down debt
  • Feed your emergency fund
  • Build upon retirement savings

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.

Lori Tutt
By Lori Tutt, GM Financial

A copywriter by trade, GM Financial’s Lori Tutt has a passion for crafting the right message for the right audience. When she’s not at work or behind the wheel of her Cadillac, you’ll likely find her watching movies with the family.


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