Retirement is a time to finally pause and enjoy life after years of working hard to achieve that dream. However, if you don’t keep a watchful eye on your finances, you could find yourself running out of money faster than you expected.
GOBanking Rates offers seven easy tips retirees can follow to live more frugally to help stretch their hard-earned dollars:
- Save your Social Security COLA increase in a high-yield savings account
- Cut back on your subscriptions, including Netflix, Hulu, Amazon Prime, etc.
- Write out a grocery list and stick to it, focusing on cutting big-name brands
- Join loyalty and reward programs for your favorite stores
- Live within your means and stop trying to keep up with other people’s lifestyles
- Comparison shop before making big purchases
- Downside or relocate to a more affordable place to live
Your Retirement Should Be on Your Terms
Having more money in your pocket will give you peace of mind. That’s why Council of Seniors is so dedicated to getting Congress to pass The SAVE Benefits Act. You need this legislation because the annual Social Security cost-of-living adjustment (COLA) has short-changed seniors in recent years. If we succeed, the $581 missing from eligible seniors‘ benefits will be returned.
Please sign our petition right away to get on board with helping. Your support can make a real difference in returning this money to seniors.
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