Seniors have a very difficult task in today economy to stay afloat when it comes to financial stability and independence. Social Security benefits are just small supplement to the overall monthly burden most seniors carry in terms of fixed living expenses. Assisted Living Today published a very helpful and informative article about a few suggestions, tips, and statistics that seniors should be aware of when managing their money.
“Even the thriftiest people in the world need a budget. As you get older, budgeting becomes increasingly important. In fact, it will often dictate whether you’re able to retire or not. Fortunately, a basic budget is all that’s required to keep tabs on your income and expenses. Once you’ve organized everything through a budget plan, it’s time to revamp your savings to ensure you meet future financial goals.”
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