My income dropped about 30% after I retired though I have an IRA I can tap. I have cut corners where I could so I don't go into my IRA without good reason.
I buy used books off Amazon, I look for coupons in the paper, by only sale items at grocery store, when I want something I wait till on sale or closeout. Excessive driving is no more, order a lot more online to cut done traveling to store and I'm getting close to the point of cutting the cable. But I am comfortable with this way of living.
Some monetary benefits of being retired, free healthcare (Medicare), don't knock it till your on it, less car costs including insurance and gas, most likely repairs also(driving less). Living this way I really don't feel the loss of 30% income. Anybody else?