Retiring on a fixed income and getting used to living on less doesn’t have to become dreary. U.S. News & World Report’s editors have identified 20 practical and easy ways for older Americans to cut expenses without it becoming painful.
Here are just 10 of the recommended ways to use money more wisely:
- Consult a licensed Medicare broker to get the best deal on a plan.
- Take advantage of discounts and always ask for one.
- Join a membership association like AARP or AMAC.
- Shop on Tuesdays and Wednesdays at stores giving senior breaks.
- Download or clip coupons.
- Sign up for free loyalty programs.
- Search for community resources that help you save.
- Ask service providers to lower their bills.
- Pay your car insurance annually or semi-annually.
- Make sure you save an emergency fund.
There’s nothing magic about these steps. They’re just good common sense. Developing more frugal spending habits can pay solid dividends in your golden years.
You Deserve the Money You Were Promised
Seniors will live with less worry if they have extra retirement income. That’s why Council of Seniors is working tirelessly to get Congress to pass The SAVE Benefits Act. You need this legislation because of inadequate Social Security cost-of-living adjustments (COLAs). If it passes, seniors will be reimbursed the $581 that should have been in their benefit all along.
Signing our petition is the first thing you can do to help. Your help can be a game changer in returning this money to seniors.
Are you more careful now about how you spend money? Leave us a comment and let us know.
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