If the kids have left the nest, you probably have a lot of extra space that you don't really need. (Hint: if one or more rooms is used for storage, do you really need it?) It could be time to consider downsizing to a smaller home or condo. Here are 3 reasons why:
If you're still paying down your mortgage, moving to a smaller place may lower your monthly payments and save you on taxes and upkeep.
The larger your home, the more work it is to keep it up. Downsizing to a smaller home means less yard to maintain and fewer rooms to clean.
Take the money you save and stash it away. Earmark it for your 'travel fund'. Send a grandchild to college. Or donate to your favorite charity.