Senior Saving: A Case Study

Decent Essays
There is not a lot of give in this budget, it contains very basic living amounts, but considering it would only leave a senior $38.45 for groceries, toiletries, medicine, home maintenance and savings, it would be necessary to remove or downgrade some of these items. The biggest saving could be found by relocating where the senior lives. Moving to a smaller home or getting a roommate could reduce the cost of housing. A vehicle is handy, but with some local senior support services it might be possible for a senior to give up their vehicle therefore saving on both the cost of gas as well as car insurance. As there are two phone payments on this budget, it would make sense to eliminate one and save money this way. A final savings could be realized

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