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Saving money is a smart decision at any age. Though the lure of purchasing new goods, expensive theater tickets, and week-long vacation packages is a challenge for many of us, these costs often add up, making it difficult to stick to a budget. Despite these challenges, it can be easier to save than you think. Whether you're on a limited income or are simply looking to set aside money for the future, these easy tips will help you reach your financial goals.
Try Buying Generic and Off-Brand Items
Many of us opt for name-brand cleaning, beauty, and personal care products. Often, this is simply because we're familiar with the brands and have purchased them for a number of years. Instead, consider purchasing generic products the next time you're stocking up on such items. These off-brand goods are often brand-name products being sold under a store label. Most of the time, you'll find that these products do just as good a job as the name-brand products you're used to using. This is an easy and effective way to save a few dollars during your weekly shopping trips.
Swap or Re-Sell Your Used Books, CDs, DVDs, and Technologies
Almost all of us have items in our homes that we could afford to get rid of. Consider re-selling your old smartphones, tablets and MP3 players through sites like Gazelle and Swappa. Books, CDs, and DVDs can easily be sold via Amazon and eBay. Larger items, such as furniture and kitchen appliances, can often be sold or exchanged on Craigslist. Other items can easily be re-sold online or through second-hand stores and yard sales. Re-selling such things can earn you a few extra dollars while simultaneously de-cluttering your home.
Seek Out Travel Discounts
For senior citizens, travel discounts are easier to acquire than ever before. Older adults can score discounts on flights with many popular airlines, for instance. Seniors can also receive discounts of 5-15% off train travel in many countries. A number of popular hotel chains have begun offering senior discounts in recent years as well. Marriott offers seniors over 62 a discount of 15% or more when booking a room. Best Western also offers seniors discounts of 10% or more.
Many international and regional hotel chains also offer senior discounts. When in doubt, simply ask a travel company if they offer discounts. More often than not, you'll be able to save money on your vacation!
Explore Entertainment Options in Your Local Community
Though it's fun to enjoy evenings out, restaurants and movie theater tickets can be expensive indulgences. Instead, explore the local entertainment options available in your area. Museum attractions and live performances are often affordable; many venues offer discounted tickets to adults over the age of 50, too. Enjoy music and dance events, outdoor fairs, and amateur plays. Join a club or participate in a one-time group event. The possibilities are endless and generally quite affordable. Choose local entertainment to enjoy your days without breaking the bank.
Set Up Automatic Transfers
Do you struggle to commit to a budget and savings plan? With online banking, you can save with very little effort. Most banks allow their customers to set up automatic transfers to their savings accounts. If you're struggling to pay off credit card debt, consider setting up automatic transfers to your card until you no longer have a running balance. Even setting aside $50 a week can make a tremendous difference in your savings habits. Whether you're a shopaholic or are simply looking to regulate your saving habits, setting up automatic transfers is a smart decision to make.
Take Care of Your Health Today
Though it seems like common sense to take care of ourselves, many of us neglect our health until something is awry. Simply washing your hands regularly, taking vitamins, sleeping well, and brushing and flossing can save you hundreds, if not thousands of dollars in medical expenses over the course a lifetime. Taking care of your dental hygiene, for instance, is far simpler and more cost-effective than dealing with expensive oral surgery and extractions in the future. Remind yourself that taking care of your body is an investment in your health and your future.
Saving money doesn't have to be a painstaking endeavor. By following simple tricks such as these, you can save money while still enjoying the great things that life has to offer. Save money today to ensure that your future will be fun-filled, too!
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