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Tanya Peterson, vice president atAchieve, a digitalpersonal financecompany, emphasized the importance of strategic planning.
Many people who depend however much on their Social Security checks refer to being on a small budget.
Yet many (most?)
of them dont actually have a budget in place, she said.
Here are seven ways to make the most of your Social Security check every day.
Also, find out the averageSocial Security payment in each state.
Create a Budget
Peterson explained the importance of having a concrete budget.
The starting point should be your goals.
Join a Warehouse Club
Dont overlook the savings potential of warehouse clubs.
Reevaluate Your Life Insurance
Your insurance needs may have changed in retirement.
Use Technology to Your Advantage
Your smartphone can be a powerful money-saving tool.
Use your phones calculator to check unit pricing, Peterson said.
Remember that mid-sized packages often offer better value than larger sizes.
Cut Down on Utility Costs
Understanding your utility usage is key to saving.
It takes a few extra minutes, but the energy savings can be surprising, she said.
