3 Ways Seniors Can Save Money on Household Bills
The cost of living is always increasing, but over the past year many have been noticing just how fast it’s happening. While much of it can be blamed on inflation, the fact is that many people are seeing a rise in household bills and everyday living expenses, yet their income isn’t keeping pace. Seniors are especially feeling the pinch as most live on a fixed income, so something has to give.
Here are three ways that seniors can save money on their household bills and feel a little less pressure where finances are concerned.
1. Limit Grocery Shopping To Once A Week
Here’s an exercise that can be quite eye-opening. Take a look at how much you have spent on groceries in the past month or two. Now look at how many times you are shopping per week. If it’s any more than once a week, then there is room for improvement and savings. Simply by visiting the grocery store less, you will be limiting impulse purchases. It will encourage you to eat what you have on hand, thereby limiting food waste and spending less money.
For those of you who are used to shopping a few times a week, try using a weekly meal plan. This allows you to figure out exactly what you need on your grocery list and it takes the stress out of figuring out a meal each day. Meal planning apps can make quick work of this task.
2. Home Entertainment Costs Can Be Costly
Another way you could look at saving money on household bills is your home entertainment costs. This includes your landline telephone, your smartphone, internet, cable television and streaming services. Each one may seem reasonably priced on its own but add them up and the cost can be significant.
Start by researching various plans from your current providers and see if there is a way to spend less. It can also be worth looking at other providers and see if they are offering senior discounts, promotions, or even new customer packages. Streamlining your services and cutting back on what you have may be necessary as well.
3. You May Be Spending More Than Necessary On Car Insurance
Car insurance is something every driver needs, and you usually pay your monthly premium begrudgingly without giving it too much thought. But did you know that you can find more reasonable rates when it comes to car insurance for seniors? It’s worth shopping around and looking into what different insurance providers offer for seniors’ car insurance.
It’s also a good idea to see if the provider offers additional savings, they may offer a discount on a bundle deal if you switch your home insurance to them as well. This will double your savings since your car and home insurance will each be cheaper.
These are just a few of the many creative and effective ways seniors can save money on their household bills. Don’t worry if each change only equates to small savings, as it’s about the yearly result. Before you know it, you could be saving hundreds, even thousands of dollars yearly.