Being retired can be fantastic because you get to have a lot of free time for really enjoying life and doing what you want every day. But it can also be really tough to make ends meet when you are on a fixed income.
If you’re struggling because you’re retired and living below the living wage, continue reading so you can make the most of your retirement and actually enjoy it, rather than stress about how you’ll pay the bills and survive.
Downsize Your Home
After your children have left the nest and you have completely retired, you may not need to live in the big house that you are used to living in. If that is the case, you can certainly downsize to a smaller location or purchase a home in an adult community, which can be surprisingly affordable. This could dramatically reduce your mortgage payments if your house is not totally paid off, and you may even be able to move to a location that has lower property taxes (a tax estimator might be able to help with this) that will make it easier to manage your bills.
Apply for a Free Cell Phone
Many people are not aware of the fact that the government will gladly help you if you are trying to survive below the living wage by giving you a free cell phone and free cell phone service. Visit freegovernmentcellphone.net for more details and to see if you qualify. If you do, you can get the cell phone you need, along with the basic plan that you require, so that you can save a lot of money every month that you would otherwise spend on an expensive service plan.
Always Look for Discounts and Coupons
In addition to creating a budget just like you did before you retired, you should also make it a point to search for coupons for everything from your favorite department stores to your favorite groceries and daily necessities. These could help you save a lot of money on a day-to-day basis, as well as help you stick to your budget with greater ease.
Remember, too, that, as a senior, you also have access to a lot of great senior discounts that you can take advantage of. Whether you are heading off to a restaurant to enjoy a delicious meal with your family or you want to go on a vacation, you can take advantage of these senior discounts and have a fantastic time.
Apply for Medicare
Health insurance gets more expensive as you age, but with Medicare, you can get the coverage you need for the treatments you require to stay in tiptop shape. So when you turn 65, be sure to apply for Medicare and rest assured that you will be able to see your doctor and get the prescriptions you need much more affordably.
With the tips above, you can retire below the living wage and still be able to make ends meet. Between smart budgeting and accessing valuable government assistance programs, you can really enjoy your golden years.