Seven Ways To Help Your Aging Parent Save Money

Retirement is a time that many of us look forward to. You will have the freedom to travel, set your own schedule and pursue hobbies and passions. But this also means that you are now living on a limited income. Looking for ways to save money can help you live the retirement of your dreams. Read on to learn about the ways to help your aging parents with saving money!

Credit Card Rewards

Using a credit card for things such as grocery shopping to making gas purchases can earn you reward points that you can use for travel, gift cards and more. Take time to find which credit card comes with a lucrative rewards program, low fees and a low-interest rate. 

Local Library Resources

People sometimes forget about the many benefits offered by the local library. Other than being a popular gathering place for activities and groups, libraries can help you save money too. You can borrow books, DVDs, e-books and more. The libraries also offer art classes, lectures, movie nights and a variety of other programs for small fees. 

Pay Annually

While monthly payments seem to be a smaller amount of money as compared to paying annually, paying annually can save you money in the long term. This applies to everything from service fees to car insurance. Look at all the items in your budget to see how you can save by paying annually.

Medicare Open Enrolment

It is easy to just continue using your current Medicare instead of looking for a better one. The Medicare open enrolment may appear to be a bit confusing. But there could be insurance plans available that will help you save money without compromising on care. 

Store Brands

Don’t be trapped into thinking that you only can buy name-brand food and household items. Higher prices don’t guarantee you quality. Many stores come with in-house brands that are equally good and they offer lower prices too. For example, Costco’s Kirkland Signature brand is manufactured by companies such as Tyson, Cascade, Tide, Duracell and Starbucks. 

Water

Save money by drinking water instead of spending money buying soda and other expensive energy drinks. Drinking water is the best unless your doctor tells you otherwise. Not only is it healthier, but it is also helpful for your budget. You can add limes, lemons and berries for extra flavor in the water. 

Senior Discounts

Senior discounts are a great way to save money. Come up with a list of the places you like to eat and shop at. Then, ask to see whether they have any discount programs. Some grocery stores offer you discounts on certain days of the week as well. 

Experience Discovery Village At Sugarloaf

Discovery Village At Sugarloaf is a well-known retirement community. Located north of Atlanta, Suwanee is a vibrant and charming town full of excitement and personality. Here in our community, we have gourmet cuisine, entertainment and health and wellness programs. This all comes at a great value too! Feel free to contact us for more information!