Not every senior has the luxury of investments that can grow and generate additional income. Those on a fixed income must exercise more caution and restraint in how they allocate their dollars.
Experts offer a number of sound tips on how to live reasonably well on a fixed income. They advocate taking care of the most important things first, but also trying to put something aside for a rainy day.
First and foremost, budget carefully. Make sure you can cover all your critical expenses such as monthly bills and necessities. Always pay the mortgage or rent, utilities, food, insurance, and prescriptions first. After that, determine what you have for non-essentials like entertainment and travel.
Learn to shop wisely, look for sales, and make good use of coupons. By planning your meals in advance, you can stretch your food dollars. Don’t be shy about asking for senior discounts on virtually any expenditure. You’ll be surprised how many businesses and organizations will give you a break.
Finally, find a way to put away some dollars each month into an emergency fund. You never know when a health issue or sudden need like a car repair can hit.
You Deserve the Benefits You Were Promised
You worked hard for so many years and were promised certain benefits. Council of Seniors is dedicated to getting Congress to pass The SAVE Benefits Act. This bill is critically needed to make up for inadequate Social Security cost-of-living adjustments (COLAs) paid out in some recent years, which withheld $581 from seniors. It’s time for this money to be returned.
Please sign our petition today without delay.
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