Even in retirement, small expenses can quietly drain your income — until you take a closer look. In this episode, Joe Curry shares how a simple personal cashflow audit saved him over $2,000 a year and outlines practical steps retirees can use to find — and fix — their own hidden money leaks. Perfect for Canadians focused on tax-efficient retirement income planning and smarter spending.

Key Takeaways

Small leaks sink big ships — even in retirement. Performing a personal cashflow audit can uncover significant amounts in annual savings.

Subscriptions add up fast. Many retirees pay for apps, streaming services, or memberships they've forgotten about. Canceling unused ones can free up hundreds of dollars a year.

Your needs change in retirement — your insurance should too. Review life, home, and auto coverage regularly to make sure you're not overpaying for outdated protection.

Tax inefficiency is an invisible leak. Pulling income from the wrong accounts or missing opportunities like CPP deferral can quietly cost thousands in unnecessary taxes.

Question your habits. Routines you've "always done" — from premium cell plans to cable TV — may not serve your retirement lifestyle anymore.

Resources

Retirement Planning Simplified Blog

Matthews and Associates

• Book a Cashflow Audit Call

Related RPS Episodes:

• Ep 134 - Smart Tax Strategies for More Efficient Retirement Planning

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About Joe Curry

Joseph Curry, also known as Joe, is the host of Your Retirement Planning Simplified, Canada's fastest-growing retirement planning podcast, where he provides accessible, in-depth financial advice. As the owner and lead financial planner at Matthews + Associates in Peterborough, Ontario, Joe and his team are committed to helping people secure both financial stability and purpose in retirement. His mission is to ensure people can sleep soundly knowing they have a solid plan in place, covering both financial and lifestyle aspects of retirement. A Certified Financial Planner and Certified Exit Planning Advisor, he values true wealth as more than money—it's about creating meaningful experiences with loved ones and fostering opportunities for the future.

You can reach out to Joe through:

LinkedIn: https://www.linkedin.com/in/curryjoe

Website: https://www.retirementplanningsimplified.ca/

Website: https://matthewsandassociates.ca/vsl/

About Retirement Planning Simplified

Founded in 2022, its mission is to empower people to plan for retirement confidently, focusing not only on finances but also on a meaningful life. RPS wants everyone to have access to simple, reliable tools that reflect their values and priorities, helping them create True Wealth—the freedom to do what they love with those they love. By simplifying retirement planning and aligning it with the retiree's purpose, RPS aims to support building a retirement that feels fulfilling and secure.

To know more about RPS you can visit the links below:

• LinkedIn: https://www.linkedin.com/company/retirement-planning-simplified/
• Instagram: https://www.instagram.com/retirement_planning_simplified
• Podcast/Blog: https://www.retirementplanningsimplified.ca/blog
• Youtube: https://www.youtube.com/@retirementplanningsimplified

Disclaimer

Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This video is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.