By : Karleia steiner
The retirement years are challenging for any retiree who has a limited amount of savings set aside. If you’re a senior on a budget, these tips will help you control your spending and help your savings last longer.
1. Pay all of your bills on time.
While everyone should be careful to pay their bills on or before the due date, seniors must be extra diligent. When bills are paid late they often carry stiff penalties that can quickly add up. If you pay, on average, two bills late per month and each of those carries a $25 late charge then you’re spending an extra $600 per year for the “privilege” of paying late. If you’re having trouble paying bills on time you may need to talk to a firm, such as D. Thode & Associates Inc., that can help you manage your debts and possibly even modify payments to creditors.