As inflation continues to rise sharply, more retirees on fixed income are worried about their future. Right now, an estimated 78 percent of Americans think inflation is going to get worse.
Next Avenue consulted three financial advisers who are offering valuable advice on how to stretch your dollars. The first step is to evaluate your household expenses and see where you can save. Consider using space heaters in rooms you use more frequently to help you keep your thermostat down a little.
If there are food pantries in your local community offered by churches and other organizations, swallow your pride and use them. Also, remember to always ask businesses for a senior discount.
Another savings possibility is to ask your utility, cable, and wireless providers if they have new programs that might give you a better deal.
Finally, consider putting some money into income opportunities such as mutual funds and government savings bonds that are growing more than inflation.
Council of Seniors Works to Put More Money in Your Pocket
To help you weather the challenge of inflation Council of Seniors is pushing Congress to pass The SAVE Benefits Act. To make up for minimal Social Security cost of living adjustments (COLAs) from some recent years, this bill is a must. Inadequate COLAs kept $581 from seniors, and we want this money returned to them.
Signing our petition will let Congress know the growing number of people who support this bill.
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