Budgeting can be difficult, especially when you’re on a fixed income. Today we’re going to look at some practical budgeting tips to help you stretch your finances. Remember, just because you’re retired doesn’t mean you can’t have fun! You just need to be wise with your spending.
Practical Budgeting Tips
About That Cable Bill
How much are you paying for cable every month? If that number is above $25, you’re definitely paying too much. You can get Sling TV, or a similar online TV plan, for roughly $25. Most internet providers can get you internet for around $60-$80 per month, depending on your area.
Oftentimes, cable and internet providers offer bogus “bundles” for TV and internet that actually cost more than you could pay for the two separate. Generally speaking, you should cut the cord and just leave cable behind. It simply costs too much for what it does.
For most retired Americans, the majority of their income goes towards medicine. Discount pharmacy cards are the way to go to get good prices on your medication. Prescriptions can be expensive, even with good insurance or Medicare. Getting a solid discount pharmacy card can go a long way to stretching your budget.
Take advantage of discounts you get for being older. If you haven’t looked into it, consider an AARP membership, which offers numerous discounts to retired Americans. These discounts can help you really stretch your budget when you save on things you’d otherwise be buying for full price.
Consider these discounts when you think about travel, too. One of the most wallet-friendly trips you can take is a cruise, and it just so happens that most cruise lines offer discounts to older customers. Cruises include all the food you’ll have on the trip as well as your room, making them a great getaway for people on a budget.