Aug 29, 2017 by Robert Myer
Senior citizens should find time to evaluate their current financial situation and design a plan to improve it. Many seniors worry about having enough money. But when they create a budget and make some simple lifestyle changes they can feel sure that their savings will last for a long time. If your senior loved one is having trouble staying out of debt and making the most out of their savings, the budgeting tips from at home care providers in Metairie, LA:
Many senior citizens are living in the same home they raised their children. In order to save money on living expenses, downsizing into a smaller house, condo, or apartment is an excellent choice. In addition to saving them money, downsizing will make it easier for them to clean and maintain their home. At home care is a great option for seniors that want to remain comfortable and independent in their house. In home care includes help with personal care tasks, light housekeeping, laundry, meal preparation and much more.
Restaurants, retailers, hotel chains, and entertainment venues often offer discounts to their senior customers. Since these discounts are not always advertised, older adults should get in the habit of asking about a senior discount prior to making any purchase. Even a small savings of 15 or 20% off can make a positive difference in their finances.
Coupons can be found in newspapers, magazines, and the internet. Older adults who spend time finding and clipping coupons can save a significant amount of money on groceries, household supplies, and more. Seniors who are serious about coupon clipping should invest in a binder so that they have somewhere to place and organize all of the coupons they clip. At home care providers can offer assistance collecting and organizing coupons, as well as provider transportation to the store.
Credit cards can be a big problem for seniors because they make it easy to lose track of how much money is being spent. If possible, older adults may want to buy everything in cash and avoid monthly payment plans. Making cash purchases can save them from overspending on interest and buying items that they truly cannot afford.
Cable can be very costly, especially for senior citizens living on a fixed income. Older adults who get rid of their cable and subscribe to streaming services like Netflix, Hulu, and Amazon Prime will enjoy a variety of movies and television shows without the financial burden.
If you have a loved one in Metairie, LA that struggles with some of the responsibilities of living alone, at home care can help. Call (504) 300-0115 to speak to one of our care coordinators today.