How Seniors Can Spend Less Money

By Doris Kasold, 9:00 am on

Many seniors live on a fixed income, which means unnecessary expenditures should be avoided whenever possible to ensure the money supply doesn’t run out. Whether it’s for essential living expenses or even recreational events, the staff at Tampa Home Care Assistance understands money is important to keeping your senior loved one comfortable. Try these tips to help him or her cut corners and spend less money.

Share the Shopping

Buying items in bulk can cut the costs of food, paper goods, and toiletries. However, if your loved one lives alone, bulk items may be more than he or she will use in a reasonable amount of time. Doubling up with a friend or neighbor and buying bulk items together can help your loved one save money and give him or her an opportunity to socialize with others while shopping.

Watch Out for Scams

It’s unfortunate, but there are many criminals who specifically target seniors to scam them out of money. Help your loved one avoid these scams and prevent losing money by:

  • Never signing blank insurance forms
  • Being wary of people who try to sell services or equipment, claiming they will be covered by Medicare
  • Never buying anything from an unfamiliar company or over the phone without seeing the offer on paper
  • Carefully reading all contracts before hiring a home repair specialist.

Make Good Use of the Library

With the many DVDs, CDs, and books available to borrow free of charge from the local library, your loved one can avoid buying the latest bestseller or subscribing to expensive cable services. Additionally, many libraries offer free lectures, book clubs, or interesting exhibits that can encourage your loved one to get out of the house and socialize with others without having to spend any money.

Ask If Senior Discounts Are Available

Many restaurants, stores, and theaters offer discounts for seniors. Inquiring if there is a discount can help your loved one save money on everyday purchases. An AARP membership costs a small amount per year and there are dozens of discounts available to members that can help offset the membership costs.

Money is not the only thing that will keep your loved one comfortable at home. He or she may also need the care that a professional and compassionate in-home caregiver can provide. At Home Care Assistance, we know your loved one’s comfort is important, which is why we provide trusted and affordable hourly and live-in care in Tampa. If your loved one needs help with transportation, grocery shopping, and running errands, our caregivers can help with these tasks and many more. Call one of our qualified Care Managers at 727-330-7862 today to find out more information and schedule a complimentary consultation.

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