When people think about retirement, some of the expenses that they imagine having to pay for include things like their utilities, travel, and medical expenses. However, there are plenty of other expenses that you need to plan for in retirement that might not be top of mind as you think about what you’ll be paying for in these twilight years. But if you haven’t planned for these expenses, you may not have the money available for these expenses later on.

To help ensure that this doesn’t happen to you, here are three expenses to save for as you plan for retirement. 

A Change In Housing

While many people think about having to pay their mortgage and their rent while they’re in retirement, having to change where you’re living could be a larger demand on your budget than you’re planning for just your rent or mortgage. So to make sure you have this money in your budget, make sure you consider what kind of change in housing you might experience and how this could impact you.

For some people, health requires them to move into senior or assisted living communities, which can sometimes be more expensive than a monthly mortgage payment or rent. So to make sure that you will financially be able to move into one of these facilities if it proves to be necessary, try to budget this into your retirement plan. 

Hiring Help

Although some people might not like to think about this possibility, there may come a time where you can’t do the things that you once could when you get older. And while some people might prefer for their friends and family to help them when they can, if this isn’t a possibility, you’ll need to be able to afford hiring this help. 

Even small things like having someone come into your home and clean for you will be an expense that can add up. So to give yourself the freedom to hire help when needed, make sure you budget for this when saving for retirement. 

Emergencies And Contingencies

Saving for emergencies isn’t something that should stop when you reach retirement. The same emergencies that could happen to you now can still happen to you after you retire, and then some. 

Not only will you have your own emergencies or contingencies to consider, but you might have family members that you want to help through their own financial emergencies. So to make sure that you have the capability to do this, you’ll need to have emergency savings planned for when you decide how much money you’d like to have in your retirement budget. 

As you plan for your retirement and save up for this time in your life, consider planning for the above-mentioned expense in addition to the other expenses.