Many seniors live on a set income. As cost of living goes up, their income stays the same. The influx of seniors applying for fast cash with an online payday lender continues to rise. Unless they get some sort of monetary help, many seniors struggle to make ends meet. Have you ever heard of the stories of seniors choosing between medicine and food? These stories may provide a good incentive to start planning for retirement early, but it does not help current senior money matters.
Online payday lender loans are expensive on a fixed budget.
Like any other third party money business, these online direct lenders may come in handy, but do not feasibly make a good budget maintenance program. In order to help relieve the need to borrow money, seniors need to take advantage of programs offered by many different companies as well as government programs. Discounts vary depending on where you reside, but it never hurts to ask.
Transportation – Many seniors do not live around family who can be of assistance during the work day to get back and forth to doctor appointments or shopping trips. Public transportation offers most seniors discounted fare as do bus and railway systems. It is important to call ahead and find out what is offered in your area and compare prices.
Utilities – These discounts may have income restrictions, but saving a bit is better than paying a bunch. Besides basic utility needs, cable and phone services may also offer discounted rates to those customers over the age of 65. Do some comparative shopping before signing up for a service. In areas where multiple businesses compete against each other, customers have the shopper’s advantage. Chances are that the service provider will not offer a discount, but will respond favorably if the request is made. If you already have a service set up, let them know you are a senior.
Discount shopping – It’s well-known for restaurants to have senior specials. There are many stores which offer discounts as well. You may have to do some research and find out which days and/or times the lower rates are offered in order to take full advantage of the deals without wasting a trip.
Things to do – Just because you have grown older it doesn’t mean you don’t want to have some fun. Check out movie prices, museum fees or even discounted access to National Parks. Your local community may have a local theater or offer group discount rates for bus tours. If you don’t ask, you may never know how much is available to you at a smaller price.
If you have family or close friends available to help transport you, help make meals or organize your financial needs. Someone who helps with your finances could bring you lots of savings and steer off ever needing to address a payday lender online loan option, but it should never compromise your right to privacy. Don’t feel you ever have to turn over passwords or give them rights to your bank accounts just because they help.
It’s your senior years, enjoy them as much as you can without making future finances more burdensome than they need to be.