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8 budget-friendly retirement activities
Healthy Living, Retirement Tips

8 budget-friendly retirement activities

Retirement often means a dramatic lifestyle change. You’ll have more time to explore new hobbies and activities, but without the steady paycheck you’re accustomed to. Don’t let a fixed income limit your opportunities for fun. There are plenty of inexpensive activities that can extend your entertainment budget during retirement.

1. Check out the local library.  Haven’t been to the library in a while? You might be pleasantly surprised. From free classes and presentations to film screenings, there are activities for individuals of all ages. If you’re looking to expand your tech skills, many libraries have on-site computer labs and offer classes from basic to advanced. Plus, if you enjoy reading, why spend money on books when you can search your library’s online catalog and reserve books of interest? Your library card may even give you free access to digital versions of popular magazines as well as downloadable audiobooks and ebooks through the RBdigital app. Ask your library if they offer this service, which is great for traveling! Download digital content before you get on a plane and you won’t need wi-fi to enjoy it.

2. Visit a local Toastmasters club. Toastmasters International presents members with the opportunity to share knowledge, learn from others and make friends, while building your public speaking and communication skills. Joining is easy and affordable, and there are meetings across the country, held at colleges, restaurants, corporations and more. Find a club near you to gain new friends and new skills.

3. Start a blog. Think about the life experiences and exciting stories you have to tell. There’s an audience out there for everything. As long as you have access to a computer, documenting and sharing your adventures is free thanks to platforms like Google Blogger. Over time, your blog may even generate enough traffic to attract advertisers and generate revenue.

4. Explore your roots. What’s more interesting than uncovering your family’s history? The internet, as well as the local library, are great places to start, but there are also government websites that let you access archived information for free. Genealogy can keep you busy for hours and it doesn't have to cost a penny.

5. Join a book club. If you already love to read, why not add a social element? Book clubs are a great way to meet interesting people and read books across a variety of genres. Most are free to join as long as you don't miund bringing a snack to share with the group. Look for postings at your library or find a local book club on

6. Volunteer. Volunteering costs nothing but your time, and the payback can be very fulfilling. Whether you’re teaching English as a second language or organizing a Relay for Life event, there are numerous opportunities for all interests and skillsets. Depending on where you volunteer — like a museum or a concert hall — you may be able to enjoy free attendance at events, all while helping out a worthy cause. Search for volunteer opportunities in your area.

7. Invest in a gym membership. There are a variety of fitness classes geared toward individuals 50+ — and many gyms also offer discounted memberships. De-stress and get in shape while meeting and socializing with a different crowd — or join with a friend who’ll be your “workout buddy” to help you both stay motivated. Check out nearby gyms, YMCAs or community centers to find the right fit.

8. Enroll in a class. Whether you want to learn a new language or build on an existing skill, there’s a wealth of educational tools available — and many won’t break your budget. According to U.S. News & World Report, more than 80% of community college courses are specifically designed for students ages 50 and older. Once you’re part of a college community, you’ll also be able to take part in the social scene, attending lectures, performances and other on-campus events, all frequently at low or no cost. You may even be able to use your student I.D. for discounts elsewhere in your community.

Stay active — on a budget  

Ready to start enjoying retirement without breaking the bank? There are plenty of affordable activities to choose from. If cash flow is a concern, there are options available to you based on your needs. If you’re a homeowner age 62 or older, to learn how you may be able to supplement your income through a reverse mortgage, call RMF at 888-277-1567 and speak with an experienced reverse mortgage specialist.


If you have equity in your home and believe you meet the eligibility requirements, a HECM may be the option that could help you retire smart.

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This information is intended for those who are interested in financial education. This information is provided for convenience only, and RMF makes no warranties concerning the accuracy or completeness of any of the information. Information is subject to change without notice, and RMF is under no obligation to provide updated information. Materials or statements made by a third party and located or posted on the Site are those of the third party and do not necessarily reflect the official policy or position of RMF. This is not financial, tax, compliance or legal advice and should not be taken or relied upon as such. Each individual should consult with his/her financial, tax, or legal professional.  All mortgage origination services are provided by Reverse Mortgage Funding LLC, a state licensed mortgage lender, which is licensed or otherwise exempt from state licensing in the states in which it originates mortgage loans.