9 Easy ways seniors can stretch their dollars

August 19th, 2015 1 Comment

9 Easy ways NJ seniors can make their money go farther…

In this economy, we all need to find ways to stretch our dollars. For seniors on a fixed income, it’s especially important to watch pennies. Below are some helpful tips to get you started saving more.

  • 1. Develop a budget: figure out your weekly/monthly expenses (it may help to keep a journal of your expenses each day in order to determine this amount), then subtract your weekly/monthly income. Try not to spend less than this amount in order to save extra.
  • 2. Make a list: before you go to the store, have a list written and stick to it (avoid impulse buys)
  • 3. Do the research: compare prices from store to store. You can check the newspaper or the internet for the weekly specials.
  • 4. Buy generic: store brands are often just as good–or even better–than name brands, and are usually significantly less expensive
  • 5. Claim your discount: the senior discount is definitely a perk to being older. Ask for the discount at movies, restaurant, retail stores, auto repair shops, etc.
  • 6. Eat like a bird: take advantage of early bird dinner specials at restaurants
  • 7. Check out your local senior center: for activities, discounted meals, exercise programs, events…all at low cost to seniors
  • 8. Seek free activities: check newspapers, the internet, libraries, senior centers, etc. for free activities
  • 9. Take advantages of services for seniors: your local Office on Aging may offer services such as notary, legal, caregiving, etc.

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