Why plan a treat?
When money is tight it's easy to feel that every little extra is off limits. But retirement is a time you've worked hard for, and having something to look forward to, whether it's lunch with an old friend, a trip to the seaside or a show, does wonders for how you feel. Research on wellbeing in later life keeps finding the same thing: social outings, hobbies and small pleasures help keep us happy and healthy.
The trick is to plan it. A treat you've saved for, a little at a time, can be enjoyed without guilt, because you know the bills and the food shop were covered first.
How small amounts add up
Putting aside the price of a cup of coffee each week doesn't feel like much, but over a year it adds up to a meal out for two. Doubling it covers a coach day trip or a theatre ticket. The saver shows the amount per week and per day, so you can choose something that feels comfortable.
- Got a date in mind? Choose "I'd like it by a date", perhaps a birthday, an anniversary or the summer holidays, and see what to set aside each week.
- Know what you can spare? Choose "I can put aside a set amount" and see when you'll be able to go.
Treats that cost less than you think
- Lunch rather than dinner. Many restaurants have set lunch menus that cost much less than the same food in the evening.
- Older people's discounts. Cinemas, theatres, attractions, hairdressers and coach companies often have senior prices or quieter weekday deals. It's always worth asking.
- Free travel. If you have a free or discounted bus pass, a day out to a nearby town, the coast or a garden can cost very little.
- Membership that pays for itself. If you visit gardens, museums or historic houses often, a yearly membership can be cheaper than paying each time.
- Shared treats. A picnic, afternoon tea at a friend's or a group trip arranged by a local club costs less and is often more fun.
Making room for treats in your budget
Once you know your weekly treat amount, add it to your weekly budget as your treats pot. If the budget is too tight to fit it in, check our guide to money you might be missing: an unclaimed top-up or discount could be what makes room for it.
Booking safely
Holiday and ticket scams are common. Book through companies you know, pay by card rather than bank transfer where possible, and be wary of deals that come through a cold call, a text or social media and look too good to be true.