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It was founded as a way to ensure that people dont fall into poverty inretirement.
She started living primarily on these benefits.
Now, after her Medicare is deducted, she takes home about $1,450 per month.
She has to supplement that income.
Edwards recommended that other retirees consider opening their homes as a way to bring in income.
I know other retirees who Airbnb their homes or rent to traveling nurses.
I happen to live near a university so I rely on students but there are other options out there.
Dont Think You Need More Than You Do
Frugal living is nothing new to Edwards.
Ultimately, shes found that living on less is not so bad.
Ive learned that its easy to get sucked into thinking we need a lot more than we actually do.
I dont need three to four streaming services, the latest phone, monthly pedicures, designer clothes.
I cut my own hair, paint my own toes, and shop at thrift stores.
Nonetheless, she feels the constraints of retirement life.
I havevery little savings; most of my assets are tied up in my equity.
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