This is the perfect time of year to review how you've spent your money and consider your budget for the new year.

Don't have a budget? Now would be a good time to create one. That's especially so since spending is one thing you get to control in retirement.

What to do? Here's what Don Grant, a certified financial planner with CTHB/DGrant Financial does with his clients:

"What I discuss with clients is directly related to their monthly cash flow and spending power.

"It seems like every company that we consumers use for a product or service is working to annuitize their relationship with us.

"I ordered vitamins on Amazon two weeks ago, and they wanted to put me on a plan whereby they will bill me monthly, and send me vitamins monthly. Netflix, Hulu, cable or DirectTV, Apple cloud storage, trash collection, gym memberships, dog-food companies, razor blades... all of them want to get us on a subscription plan, whereby they can count on ongoing revenue.

"I review checking accounts with my clients to do an annual 'cleaning' of those ongoing bank transfers. We first check to ensure that my client is still using that service. Are they watching premium channels they are paying for? Do we still go to the gym we're paying for? Is there a new trash collection upstart that will charge less to acquire more customers? Many of these companies count on us forgetting that we've signed-up for their service, and that we continue to let that monthly bank draft feed their bottom line.

"Almost every time I do these reviews... we find something that we can cancel, thus increasing cash flow to my client.

"One more big savings is a life insurance review. I have many clients hanging onto term life policies when they really don't need them anymore."

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