7 Ways To Conserve Money In Your Senior Years

Piggy Bank Money Senior

Being frugal, especially in your senior years, has a lot of benefits. It allows you to spend your money over a longer time-frame. Retirement allows you to do more of the things that you want to do, but without a steady income, it could mean a dwindling bank account. Being frugal doesn’t mean that you have to limit the enjoyment of retirement. With these ten ways to conserve money, you’ll have a little more to go around, so you can enjoy more of the good life.

Become Part of a Bonaventure Senior Living Community

Bonaventure Senior Living offers you savings in a few ways. First, we provide a lot of activities and entertainment, so you’re not spending money on activities at so many different places. Instead all your fun is under one roof. There is also tons of money that can be saved by eating at our community, versus going out to restaurants. If saving you money wasn’t enough, we can also save you some piece of mind. Being part of a Bonaventure Senior Living community allows you the freedom to live your perfect retirement without having to worry about all those separate bills. We offer one bill, one payment. Your rent, food, landscaping, garbage, water and sewer, and more are covered in one bill.

Utilize Senior Discounts

Senior discounts are everywhere, from restaurants, hotels, department stores, and more. There are free discounts just for being a senior, why not take advantage of them? Try out senior programs, like AARP. Not only do they offer discounts, but they also offer services like tax help, estate planning, and more. That alone can help you save a good amount of money.

Shop on a Full Stomach

This may sound silly at first, but research shows that when you buy food when you’re hungry you will generally end up buying more items you didn’t intend to. So make sure to have a quick meal before you go grocery shopping, that way you get exactly what you wanted to buy. This will not only save money, but can also cut down on food waste and waist gain.

Pay Bills Annually

If you have car insurance, chances are they will offer you a yearly rate. This rate not only allows for peace of mind, but can also cut a huge amount of money off your bill. While it may be more upfront, in the long run you’ll be reaping the rewards.

Switch From Soda to Water (or tea)

Soda is expensive. Not only are there obvious money-savings from the switch, but there’s also a lot of health benefits. If water is too boring, try buying tea. Tea is quite inexpensive for how much you can make, especially if you buy generic brands.

Buy Generic Brands

A lot of the times generic brands are made and packaged in the same factory as name brands. The only real difference is that generic brands don’t have to pay a lot of money for marketing the name brand. They then pass the money-savings on to you. This also includes prescriptions.

Thrift Stores

Shopping at thrift stores can offer a great deal of savings. Everything from clothes, dishes, furniture, etc. No matter what you need, chances are a thrift store has it, and for a significant discount.

Saving money doesn’t have to be a struggle. In fact, with these money-saving tips, you could be on your way to having a good amount of extra cash in your pocket. At Bonaventure Senior Living, we’re all about saving you money so you can live life on your terms.

Filed in Retirement Finances Retirement Lifestyle Retirement Living