Financial Tips for Savvy Seniors

Benjamin Franklin once said, “Never leave that till tomorrow which you can do today.” These wise words apply to many areas of life, and we certainly can relate when it comes to money matters! There’s no better time than today to think about all the ways you can set yourself up for smooth sailing with your finances.

Set Up Automatic Bill Payments

Never worry about missing your electric bill payment again! This free service is available through most banks and major companies. If you need help, enlist a trusted relative or friend to get all the details in place. 

Senior Discounts—they’re made for you!

Never miss the opportunity to take advantage of the many senior discounts in your area. They are available on a wide range of products and services. Keep your eyes peeled for these promotions, and don’t be afraid to ask too!

Downsizing and Minimizing

Large homes can be a lot of work! It may be time to think about relocating to a smaller, more affordable living situation. Do you look around your living space and see lots of things you’re not using anymore? Consider having a yard sale, or donating items to organizations like The Salvation Army or Goodwill.

Maintain Your Records

It can be hard to keep everything straight from memory. In a secure place, store all documentation of your account information for safekeeping.

Keep Learning

It’s never too late to learn more about how to manage investments, view your bank account information online or ways to bring in extra money through a hobby that you love.