Bay Alarm Medical
Kevin Magna

7 easy ways for seniors to save money

Topic(s) : Financial Planning for 50 plus

It's easier than you think for seniors to save money!With the rising costs of essentials like gas, groceries, medical care and other daily necessities, many people are finding out that their dollars aren't stretching as far as they used to. Seniors in particular are being hit especially hard, as they typically have tight budgets and limited disposable income to cover the costs of living. As a result, it can be difficult for seniors to get everything they need. Luckily, there are plenty of easy ways to help your elderly loved ones save money.

1. Look for senior discounts. Don't be afraid to ask for senior discounts anywhere you go, whether it's the movie theater, the airport, the bus or a store. Even credit card companies and power suppliers often have discounts for elderly customers.

2. Keep tabs on spending. Sometimes companies make mistakes, and inaccuracies in receipts can add up over time. Pay attention to what's being spent and check your loved one's bills to ensure that everything looks sound.

3. Research medical alert costs. It's a great idea to keep your relative safe with a Bay Alarm medical alarm, but it's an even better idea to check out medical alert reviews before you consider which plan to go with. This will ensure that you get all of the features you want without going over your budget.

4. Turn everything off when not in use. Even electronics in stand-by mode can suck energy out of outlets, so it's a good idea to save on utility bills by making sure items are turned off when they're not being used. This includes lights in unoccupied rooms.

5. Buy generic. Whether you're buying toiletries, groceries or medication for your loved one, it's often a good idea to buy the generic version. These products are often just as good, if not better, than their brand-name counterparts, and they can really work to reduce costs.

6. Phone plans. Many states offer free cell phone plans for individuals who are over a certain age. Switching from a land line to a free mobile phone can save a lot of money – just make sure your relative knows how to use the device!

7. Score the newspapers and internet for coupons. Plenty of discounts are available, but not everyone takes advantage of them. If you or your elderly relative has some free time on your hands, why not peruse the local paper or online venues to find coupons for items that you regularly buy?

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