Many retirees in America are looking to stretch their retirement dollars further by cutting everyday expenses. Here are seven things U.S. retirees should stop buying to improve their financial freedom, including downsizing vehicles and homes, cutting unnecessary subscriptions, and re-evaluating insurance policies.

Retirees can consider downsizing their homes and vehicles, switching to ride-sharing apps, and cutting back on unnecessary luxuries to save money. Selling a second property can unlock equity to boost monthly cash flow. A recent report found that many Americans still financially support their adult children, highlighting the need to minimize costs for retirement security.

Retirees should re-evaluate insurance policies to potentially save money on monthly premiums. Reviewing and cutting unnecessary subscriptions can also help save money. Additionally, being mindful of splurging on luxury experiences can help retirees add extra cash to their budget for everyday expenses.

The sudden spike in mortgage interest rates is making vacation homes less affordable, with demand dropping to a six-year low. Retirees can benefit from selling a second property to boost cash flow. It’s essential to have open conversations with adult children to gradually reduce financial support and enhance retirement security.

Read more at Yahoo Finance: From luxurious vacations to insurance premiums, here are 7 things US retirees need to stop wasting money on