As your age continues to advance, things like making money can get a little more difficult. Living in a fixed income can be hard. This makes it vital that you start taking steps to save money. The following are four things you can do to keep more of your cash rather than spending it.

Slash Transportation

As a senior, walking may not always be the best option, so you might rely on others to help you get around, but taxis can get expensive. Of course, owning a car could be costly with all the related expenses, such as repairs and insurance policies. If you live in assisted living or only leave the house to go to the store it may be cheaper to get rid of your car. Why not have stuff delivered when you need something? You can simply use an app like Lyft or Uber to hire a driver to get you around when you need it.  Many stores like Walmart and Kroger offer home delivery services for groceries.

Reconsider Living Situation

It might be a good idea to reconsider your living arrangement. Living alone might have worked out for you before, but you need to save money now, so consider getting roommates. If you have a mother in law apartment in your house you can rent it and receive more monthly income. You’d be surprised how many people are willing to split the cost of living expenses, and you can use that to your advantage. You may also consider renting your entire home and downgrading to an assisted living apartment where costs are often subsidized for senior citizens.

Simplify Bills

Bills can eat your money up in a second, so you need to figure out a way to simplify them. Sure, some of them you cannot get away from or reduce, but you can stop using credit cards. You may even be able to eliminate that phone bill using the phones offered on sites like freeobamaphone.org. Try to find other bills that you can eliminate, and make sure that you do so as soon as you can. In essence, you want to separate expenses that you need to make versus the things you just want.

Reconsider How You Shop

Rethinking the way you shop can save you money. Consider sales, clearance items when you’re looking for new items. Coupons and digital coupons are a great and easy way to save a little money that goes a long way. You could get some things at thrift stores or from online classifieds where people near you can sell their stuff. Buying quality used stuff should save you some cash in the long run. Thrift stores can have everything, from clothes, electronics, and other things like toys. You can give these items to grandkids.

Hopefully, some of these points make it easier for you to start saving as you continue to age. You know how important it is to have a safety net if you want to enjoy your golden years without a hitch.

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