You may not have followed a budget carefully during your working years. But if you're retiring, it's really important to get serious about budgeting.
Though some retirees hold down part-time jobs, if that's not a part of your plan, then you'll need to be really careful about managing your money. This especially holds true if Social Security will be your main income source, and you don't expect to have access to much money outside of those benefits.
Whether you're completely new to budgeting, if you're retiring shortly, here's how to set up a budget in four steps that allows you to make the most of your income.