Home Care Blog | August 25, 2017
In Home Nursing Care Advice | Financial Awareness Month is here in Calgary, AB. During this time seniors should evaluate their finances to determine if there are any ways they can cut back their spending and add more money into their savings. Budgeting and uncovering new ways to save money will give seniors increased peace of mind when it comes to their financial futures.
Couponing can save seniors a lot of money on their grocery and household spending. Coupons can be found in newspapers, magazines, and on the Internet. There are numerous coupon clubs that seniors can join to get advice about couponing and to share coupons. Couponing can be a hobby as well as a money saving technique. In home nursing care providers can also assist seniors with finding and organizing coupons, as well as provide transportation to the store.
Many senior citizens are living in the same home they raised their children. However, seniors don’t need all that extra space. And many seniors don’t want the hassle of trying to maintain a large older home. The cost of home repairs alone can be a huge problem for seniors. Downsizing to a condo or a townhome will make life easier for seniors while saving them money.
Cut the Cable
Cable can be very costly, especially for senior citizens living on a fixed income. Older adults who get rid of their cable and subscribe to streaming services like Netflix, Hulu, and Amazon Prime will enjoy a variety of movies and television shows without the financial burden.
Ask About Senior Discounts
Restaurants, retailers, hotel chains, and entertainment venues often offer discounts to their senior customers. Since these discounts are not always advertised, older adults should get in the habit of asking about a senior discount prior to making any purchase. Even a small savings of 15 or 20% off can make a positive difference in their finances.
Buy in Cash
If possible, older adults may want to buy everything in cash and avoid monthly payment plans. Making cash purchases can save them from overspending on interest and buying items that they truly cannot afford.
Dealing with money is stressful. And seniors who are worried about their finances may struggle to find ways to cut back and stay on a budget. However, there are lots of ways that seniors can make the most of the budget they have, while still putting money away for the future.
If you are concerned about the safety of your aging loved ones, especially in regard to fire, we can help. While it’s important to rely on the expertise of licensed professionals for certain precautions, we can provide home safety assessments and ensure your loved ones’ environment is safe.