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Here are five ways retirees can say $20 on everyday essentials.
Read more about seven things you must buy at Dollar Tree while on a retirement budget.
Groceries
Groceries are a big part of every household budget.
Thats why it pays to plan ahead.
One of the easiest ways to save is by making a weekly meal plan.
If youre disciplined about it, you could lower your grocery bill a lot this way.
Make a habit out of being on the lookout for coupons, both paper and digital.
it’s possible for you to even try planning your meals based on your coupons!
All kinds of retailers have loyalty programs not just supermarkets and theyll let you earnpoints or discountson future purchases.
There are also credit cards out there that will give you rewards for the everyday spending youre doing anyway.
Look out for cards that haveno annual feeand with a rewards program that makes sense for your normal spending.
Prescription Medications
Prescription drug costs add up fast.
Luckily, there are a few ways to make your medications more affordable.
First of all, talk to your doctor about generic alternatives to the medications youre taking.
Generic drugs can cost a lot less than their brand-name counterparts, and they work just as well.
find out if youre eligible for Medicare Part D, which will give you coverage for prescription drugs.
Shop around at different pharmacies to compare prices.
A lot of times the costs for the same prescription can vary widely from store to store.
Your pharmacy may even offer a discount program or even $4 generics for common medications that youre taking.
One often-overlooked way to save money is just negotiating with your service providers.
Let them know youre on a fixed income and ask what they can offer you.
Maybe youre paying forpremium cable channelsor high-speed internet that you dont really use.
Maybe you signed up for Netflix to watch one show, and then you just kept paying for it.
Cutting back on these kinds of things will help keep your monthly bill down.
Senior Discounts
Take advantage of the many senior discounts available.
Restaurants, movie theaters and all kinds of other businesses offer discounts to customers over a certain age.
Dont be afraid to ask if a senior discount is available whenever you shop or eat out.
Some memberships like AARP will give their members exclusive discounts.
The savings from this kind of membership can easily pay for itself over time.
Always keep an eye out for special promotions that are targeted toward retirees.
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