Tips and Tricks for Fixed Incomes Over 50

To live on a fixed income, you must keep track of your spending habits to ensure that you don’t run out of money before your next check arrives. It’s always best to write down your fixed essential expenses, such as rent, mortgage, and car payments, and then write down your variable essential expenses, such as utilities, gas, and groceries.

There’s more to saving than just budgeting, however. In this article, we’ll discuss what discount options are available to you in an all encompasing senior discount guide.

 

Senior Discounts and Savings

Senior discounts are a fantastic way to maintain your budget and enjoy the benefits of being an older adult. There is no legal requirement to offer discounts to seniors, so it pays to ask before you buy. If you can think of it, there just might be a discount on it.

10 Money-Saving Secrets Every Senior Should Know

How Old Do You Have to Be to Receive a Senior Discount?

While 65 is the official age to claim Medicare and Social Security benefits, many perks and discounts can start as early as 50. If you enroll in an AARP or Association of Mature American Citizens (AMAC) membership on your 50th birthday, you’ll have a head start on cashing in on your senior discounts.

 

Popular Types of Senior Discounts

From retail and grocery to insurance and healthcare, there are all types of senior discounts to claim. Maximize your savings, and make the most out of your purchases by cashing in on discounts from retail to groceries.

Unsure if you qualify for a senior discount? Don’t hesitate to ask! Not all businesses advertise their discounts for older adults, so a little detective work might be in order.