As 2021 gets underway, it’s a perfect time to take a look at your financial situation and evaluate what changes to make. Here are a few money and savings tips to help you or your senior loved one in 2021 and beyond.
1. Re-evaluate your plans with social security. Social security can get pretty complex, and you want to make sure you maximize your benefits. If you aren’t yet sure what is the best age to start social security, now’s the time to evaluate your options and talk with a financial professional if needed for additional advice.
2. Find discounts where you can. Who doesn’t like a discount?! If you’re not already using discounts available to you based on your age, educational, or professional affiliations, this is the year to take advantage of those. Also, groups like AARP and AAA provide low-cost memberships along with member-only discounts. If you’re looking for more discount-oriented ideas, the website/information resource Penny Hoarder (based in St. Pete) has a daily newsletter with more money-saving and side-hustle ideas.
3. Evaluate your pandemic lifestyle for further savings. With the pandemic going on for about a year now, you’ve likely formed new habits, such as eating out less, cutting your entertainment budget, or using streaming services instead of going to the movies. Ask yourself which of these new habits you should continue going forward, even when life returns to “normal.” Perhaps some of these money-saving changes can help you save more in the long term, not just in 2020.
4. Get the COVID-19 vaccine when it’s available. Why is this a money-related idea? Well, aside from the well-known health effects of COVID-19, the virus also can drain your wallet due to hospital stays, medications, and doctors’ appointments. This can occur for many people even if you have Medicare or private insurance. By getting the vaccine, you cut your chances of getting sick in the future and potentially help to save on health expenses.
Call Secure Aging to Find Out How We Can Help Seniors With Financial Management
At Secure Aging in Bradenton, we transform the weight of the world into a sigh of relief for our senior clients and their concerned family members. The mission of Secure Aging is to protect and preserve our client’s independence and dignity through careful and thoughtful financial and care management. As our clients age, it is their desire to remain independent and age with dignity. Our services protect our clients from talented con artists looking to exploit and deplete the financial resources of our vulnerable seniors. Secure Aging helps families in Manatee County and Sarasota County and in and around the communities of Anna Maria, Bradenton, Bradenton Beach, Ellenton, Holmes Beach, Lakewood Ranch, Longboat Key, Myakka City, Palmetto, Parrish, and Sarasota. Call us at 941-761-9338, or visit us online at www.secureaging.com.