Saving and making money during retirement can help you pursue activities you never had the time or money to experience. While making sound financial decisions takes effort, that doesn’t mean it has to be hard!
Follow these tips to put some extra money in your pocket during retirement.
Senior Discounts
Use senior discounts whenever possible! There are tons of great deals for shopping, dining, vacations and more. Using senior discounts not only saves you money, but creates opportunities for unique experiences. Check out these online senior discount lists and be sure to always ask whenever you make a purchase.
Budget
Sometimes saving money is as easy as assessing your expenses and crafting a realistic budget. If you don’t know where to start, try this step-by-step guide for successful budgeting. If you’re having trouble sticking to your budget, consider withdrawing a designated amount from your bank and only paying for those items in cash.
Use Online Marketplaces
Retirement is the perfect time for downsizing. Luckily, you can sell unwanted objects through online marketplaces. For example, Craigslist, LetGo and the Facebook Marketplace make it easy to turn unwanted possessions into extra spending money. If you want to sell items within a target market, try specialty sites like Poshmark.
Airbnb
Airbnb is a hotel alternative that allows you to make money on your home when your not living in it. For example, if you spend the winter months in Florida, Airbnb allows you to safely rent your home to tourists. Best of all, you’re in full control of your availability, prices, house rules and guest interactions.
At Friendship at Home, we help you maintain financial peace throughout retirement. By paying a one-time entry fee and monthly maintenance fee, our program guarantees you’ll have access to any home-care services you need. Our on-staff care coordinators arrange services in your own home, meaning you can receive care at a fraction of the price of traditional options without sacrificing comfort.
If you’re committed to a financially responsible retirement, give us a call at (614) 734-1627. We’re located in Old Dublin — between I-270 and Riverside Drive — and offer several membership options to help central Ohio retirees maintain their financial independence as they age.