GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
For some people, retirement comes with pensions, 401(k)s and other forms of savings.
Medicare might cover some of those expenses, but not all of them.
Even one checkup can put a dent in your monthly budget.
Additionally, consider using generic medications, and always compare prices at different pharmacies.
you could also try looking for coupons, BOGOs and other special deals from the restaurant.
Another money-saving strategy Redfern recommends is limiting the use of convenience apps like UberEats and DoorDash.
If you look at the markup on these services, its ridiculous, she continued.
Unless its absolutely necessary, when you are eating at home, prepare your meal at home.
Rent or mortgage payments, along with maintenance and utilities, are major burdens, explained Burbank.
Downsizing to a smaller, more energy-efficient home or moving to a community with a lower cost-of-living can help.
So why not venture to seek outsome free optionsfor entertainment?
Redfern advises opting for free shipping whenever it is possible.
Or, some companies will offer free shipping if your order is above acertain dollar amount, continued Redfern.
Then you both win!
Additionally, many communities offer discounted or free transportation services for seniors, he added.
Luckily, there are ways to reduce these living and communication expenses.
For communication, consider low-cost phone and internet plans designed for seniors.
She continued, explaining, Pressure isnt the solution.
These can be cheerleaders on thesidelines or partnerswho participate in budgeting alongside you, said Redfern.
For our full Privacy Policy,click here.
