10 Tips To Help
Stretch Their Dollars
submitted by Nancy Vest
of Home Instead Senior Care, 952-929-5695
1. Seek the services of an objective financial
planner. It's important
for seniors to seek the advice of an objective fiduciary.
2. Get a second
opinion investments and financial purchases. If
you're approached about changing your investments or making a
purchase, make sure you get another opinion.
3. Contact your
local Area Agency on Aging if you're having trouble
paying for food and gas. For more information or an
you, log on to
National Association of Area
Agencies on Aging.
4. Get back to
gardening! The economic downturn is generating a
resurgence in gardening, and the over 55 crowd traditionally
been among the most avid gardeners. The national seed
plant company, Burpee, has experienced unprecedented 40%
growth this year, double its normal rate, according to CEO
George Ball. With food costs up as much as 25% in
gardening provides a 1 to 10 savings ratio. According
"In other words, for every $100 you spend on garden plants,
you'll get $1,000 in produce. While $100 in groceries
for only a couple of weeks, a senior can eat for 6 months on
produce from $100 in plants."
5. Avoid convenience
foods, which are more expensive. Watch for
sales on fresh or canned fruits, vegetables, and meats which
be less expensive than convenience foods and better for you.
for deals on generic medications. Contact your
about ways to save money on your medications.
7. Walk when you can. If the gas prices are
cutting into your social
life, organize a walking club or walk with friends.
8. Carpool when you can't walk. There's economy
in numbers. If
you can't afford to drive somewhere solo or in pairs, contact
others you know that are going in the same direction or the
same place and share costs.
9. Keep drapes drawn
during the heat of the day and minimize
opening and closing doors in the cold of winter. Close off
of the house you're not using to cut down on utility costs.
10. If you or a loved one needs assistance around the
contact Home Instead Senior Care at homeinstead.com or