Also in this playlist...
This transcript is automatically generated
In today's uncertain economic times it seems everyone is looking for ways to cut back especially those on -- fixed incomes we checked in with every case.
Author of living rich for less defined the top five ways retirees can save money with out changing their lifestyle I.
Think that when it comes to people who are facing retirement at sixty and can.
That it's important to begin at home when it comes to saving money.
Number one homeowner's insurance.
I think that you can save money on homeowners insurance just by reevaluate your policy.
Now home values have gone down and that's the bad news but the good news is that if you haven't adjusted your homeowner's policy and lowered that amount of coverage.
-- -- I had it -- money yet so it's important to reevaluate your homeowner's insurance policy.
And to make sure that your caring accurate right you can say the couple hundred dollars just by adjusting the amount that your covering.
On your policy number two feet.
When you're on fixed income when it comes to.
You really can't end up spending a lot more money than you think you are for one -- you have more time to go to the store.
And people that are retired ten to go to the store more often every time -- go to the store you're subjected to impulse buys so it's a very important to try to shop just once a week to have a list when you go shopping.
And I just following a couple of these ideas you can say 30% in the store number history prescription drugs.
Usually a great experience for retirees is the whole area a prescription drugs.
And doctor sometimes will think the canary but do you think about -- information and usually they don't volunteer team have to ask for the generic version.
Or something that comes in a generic version.
And it's very easy it is just ask your doctor for this and this can save you hundreds of dollars.
On prescriptions I believe that you can say a round anywhere from twenty to 40%.
When it comes to a -- brand.
Verses and Korean name.
That's why it's very important for retirees to ask your doctor for the generic version and not to assume that there ought to -- -- automatically -- if you.
A generic version asking for that question.
To say a substantial amount of money every year.
Number Fuller don't lend money.
I think that when it comes to use the whole idea of lending money -- -- -- it seems that you know grandparents.
Parents adult children there an easy mark when it comes to -- will -- -- -- -- -- that was just borrow from man.
Now my recommendation is -- to not -- money to your children -- grandchildren.
As much as I would like to help them as much as you would like to be a resource to plan if for some reason he can't pay it back.
Especially in these uncertain economic times -- you're stuck and that's your retirement that he ordinance -- Now it's not the time to be breaking open next day and -- an omelet for everybody else you need to save it for yourself number five B winner of travel package deals.
I think it's really -- -- when it comes to travel.
To do -- due diligence and to compare unfortunately there are groups that make all their money.
On retired individuals and they send them as a group Africa or to Europe.
And bring it start to -- the numbers on the you might actually paying double awful what you could pay if you booked the flight yourself what was several -- your friends by doing research yourself.
I think that you can find -- you'll be able to take the trip much cheaper than he went with a package deal -- foxbusiness.com.
I'm tad different tumbled.
Filter by section