Life can become expensive especially on a fixed income. Sometimes it’s necessary to examine daily expenses and find the best path toward saving some money.

When you have additional time that you didn’t have when you were working, sometimes entertainment or travel expenses can add up.

Ways for Seniors to Save Money Today

Ask for Senior or Veterans Discounts – Places that sell everything from groceries to cell phones can have these discounts. Often the only way to find out is to ask. It may be a discount off your total purchase or something additional for free. It depends on the business, but it can go a long way. If they don’t have the senior discount and you were a veteran, make sure to ask about both.

Pay Annually Where Possible – Insurance and other monthly bills may be cheaper when they are paid annually instead of month-to-month. The additional cost is in effect, an interest payment. Your automotive insurance and utilities are a good place to start with this.

Programmable Thermostats – A programmable thermostat can adjust to your routine and save you money by not heating or cooling your home when you’re not around. This can result in a significant amount of savings.

Get Rid of the Landline – With cell phones so prominent, there’s no real need to have a cell and a landline. Getting rid of the landline service is an excellent way to save some money.

Audit Your Grocery Habits – How much food do you buy that doesn’t get eaten? That’s a good place to start cutting back on your purchasing habits. The generic options aren’t always bad, either. This is a good time to start experimenting with off-brand products. The price difference may not look like much now, but it will add up over time.

Fixed incomes are challenging. If you’re looking to save money, make sure that you evaluate every expense closely. When you get creative, there are often ways to scale back.