As prices of food, gasoline, clothing, medical services, and prescription medications rapidly go up, it can be challenging for persons living on a fixed income to keep up. Here are some things to consider if you are struggling to live on a fixed income:
The easiest way to save money is to make it a priority. When your paycheck comes in at the first of the month, your first payment should be to your savings account. Don't wait until the end of the month and try to save what is left.
Some retired persons are stretching their dollars by moving to areas of the country (and outside the country) where it's cheaper to live. The U.S. Embassy estimated in 2001 there were over 600,000 Americans living in Mexico and that number is estimated to now exceed a million. There are also large numbers of retirees living in Panama, Costa Rica, and Argentina.
In its simplest terms, the cost of living is the amount of money required to support a specific lifestyle. The cost of ...
Discover MoreChildren are great, wonderful additions to any family that help make the darkest days brighter. Unfortunately they also ...
Discover MoreMoney discussions can be uncomfortable and frustrating, but they need not be. If you can just approach the conversation ...
Discover MoreThere are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)
Copyright © 2018 Sharon Parq Associates, Inc.
Comments