Retirement is the time to put your feet up and enjoy the fruits of your labor.

But that doesnt mean you should let your guard down and completely neglect your finances.

You brew coffee at home, you dont walk into Target and you refuse to order avocado toast.

A retired couple walk in the rain.

Check out these12 ways to save on home improvement projects.

(Can you sense my millennial sarcasm there?)

So if you havent already, contact your financial institution to see what steps to take.

So, to keep a pulse on your credit health in retirement, check your credit report regularly.

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Swipe Like a Millionaire No Gold Card Required

Ever wondered how millionaires get to be… millionaires?

So we looked into it.

What we found aresimple, millionaire-approved tipsthat anyone can use to manage their money.

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Most financial experts advise maintaining a low credit utilization to keep your credit score in check during retirement.

And while 30% is acceptable, a 10% or single-digit credit utilization ratio is ideal.

Automate Your Debt Payments

Your payment history accounts for a whopping 35% of your credit score.

The exact process of setting up automatic payments can be slightly different depending on the creditor.

But in general, youd log into your creditors website and navigate to the payments section.

You may also set up an automatic payment through your bank.

Check with your creditor or financial institution for more details.

First, that new line of credit drags down the average age of credit.

Co-Signing Loans

You should be extra careful about co-signing loans during your retirement years.

While it may seem like a benevolent gesture, co-signing comes with its fair share of risks.

To avoid this pitfall, be cautious about co-signing loans for friends and family.

Especially if you know they have a history of missing payments and defaulting on loans.

Theres nothing wrong with prioritizing your own financial security and putting yourself first when yourretirement savingsare at risk.

Falling for Scams

Unfortunately, scammers often target seniors who are unfamiliar with their deceptive tricks.

Is Your Paycheck Not Going As Far As It Used To?

We get it.Everythingis more expensive than it used to be, but your paycheck hasnt kept up.

When money is tight,these resourceswill help nearly everyone.