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Discover how savvy retirees avoid overspending with these simple and effective money-saving strategies.
![5 Retirement Mistakes Draining Savings](https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2023/11/02190211/shutterstock_1979461385-scaled.jpg?s=ed70a86bd50d7fc135ed661c3e7101655de59dadde7a6e3a0e1287aad5b5862f)
Financial missteps in retirement can quickly erode decades-long savings. While some expenses might seem minor initially, their impact compounds over time, potentially causing retirees to overspend thousands of dollars each year. Understanding these common pitfalls–and how to avoid them–can help you protect your retirement nest egg.