retiredbrains.com
  • Home
  • Jobs & Work
    • Employers >
      • Account Login
      • Create Account
    • Job Seekers >
      • Account Login
      • Create Account
    • Work at Home >
      • Become a Chef Consultant
      • Become a Tutor
      • Become a Virtual Agent
      • Care Giving
      • Direct Selling
      • Freelancing
      • Medical Transcription
      • Selling at a Flea Market
      • Selling Online
      • Telemarketing
      • Translate Online
      • Write or Edit
      • Workers with Disabilities
      • Tech Jobs
    • Employment Assistance
    • Volunteering
  • Home & Family
    • Senior Living Resources
    • Grief Loss Support
    • Get a Dog or a Cat
    • Books on Retirement
    • Dating and Companionship
  • Travel & Entertainment
    • Boomer and Senior Travel
  • Money
    • Insurance Services
    • Social Security
    • Retirement Resources
    • Identity Theft & Scams
  • Health
    • Medicare
    • Health Care
  • Discounts
    • Products & Services
  • Blog

​Top Ways Seniors Can Save Money in 2020

4/30/2020

0 Comments

 
Many seniors struggle when it comes to finances, with some struggling to make their income stretch far enough. For seniors who rely on pensions and have no other income, money is often tight. However, the good news is that there are various ways in which seniors can save money. 

Taking some time to work out where you can make savings and cut costs can make a big difference in terms of your finances. Many are amazed to find out that they can get discounts on all sorts of services and purchases – they simply weren’t aware of it. Sometimes, simply asking whether you get a senior discount is all it takes. In this article, we will look at some of the ways in which seniors can save money in 2020.

​Cut Costs and Enjoy Greater Financial Freedom

By taking some tips and advice onboard, you will be amazed at just how much you can save as a senior. Whether you are shopping for food, looking for car insurance, or treating yourself to a meal out, you can make savings. All these savings add up very quickly, so you can find yourself in a much better financial position. So, here are some of the ways you can save money this year:

Shop Around for Food
Shopping for food can be expensive if you do not look for the best deals. So, in order to save money on food bills, compare the cost with different supermarkets so you can get the most affordable options. Also, try out foods from supermarket own brands rather than big brands, as you are often paying extra for the name and packaging. 

Refinance Your Mortgage
With low rates on mortgage deals, you may want to consider refinancing your mortgage if you are still paying off your properly. Many seniors find themselves in a position where they still have mortgage debt to pay off, so you can lessen the load by refinancing to a better and lower interest deal. 

Downsize Your Home
There are many seniors who live in homes that are far bigger than they need. This is often because it was a family home and the kids have now flown the nest. If you are in a larger home, you probably have a lot of wasted space. In addition, you end up paying more on bills to run a larger properly. So, it is well worth considering downsizing, which will reduce your living costs and means you will have extra money in the bank.

Compare Seniors Car Insurance
The cost of car insurance can be very high, and as a senior this may eat into your budget. So, another way to save money is to find the best deals on auto insurance for seniors. You will find some great deals available if you look, and you can now compare from the comfort of your own home by going online. You should also ask your existing insurance company if they offer any senior discounts – some may offer a discount to keep you as a customer. 

Go Online Shopping
When you go out shopping, you often spend more due to impulse purchases. One way to reduce the risk of doing this is to shop online. You can find the best deals by doing this, and you reduce the risk of impulse buying. In addition, you can shop from the comfort of your own home and have all your groceries delivered to your door. 

Get Advice About Debt Reduction
There are lots of seniors who are still battling with debt, including credit card debt and catalog debt among others. If your debt levels are crippling you financially, you should seek advice. There are debt professionals who offer free advice and assistance and can help to bring your debt levels and repayments down considerably. 

Learn to Budget Effectively
Often, financial problems stem from simply not budgeting effectively. So, one way to cut your outgoings is to set up a proper budget. You can do this the old-fashioned way with a book and pen or you can test your tech skills by setting up a spreadsheet on the computer. Log down your total income, all outgoings along with the date the payments go out, and any one-off payments. You will then see what you have available so that you do not overspend. 

Lower Energy Bills
Another major outgoing for many seniors is their energy bills, which can be very high these days. It is important to try and keep energy bills down and there are various ways to do this. You can look at switching to a cheaper deal or supplier, making sure your home is properly insulated, and making sure you do not waste energy at home. For instance, make sure you switch off lights and do not leave appliances on standby. 

Make Money from Hobbies
Another thing you can consider is making some extra cash from your hobbies. You can earn a decent additional income by doing this such as making and selling greetings cards, baking and selling sweet treats, or offering your artistic creations for sale online via social media or on selling websites. This can help to boost your finances and ease the strain. 

Reducing Financial Pressure
All of these tips can help to reduce financial pressure for seniors. So, you can look forward to a better quality of life and more disposable income.
0 Comments

Starting a Business: 5 Best Business Ideas for Retirees

4/22/2020

0 Comments

 
​Are you thinking of starting a business after your 50s? If your answer is a straight "Yes," then it is a great approach to spend quality life and reward yourself even after your retirement. Setting up a small business is ideal for making the best use of your retirement funds.
​
If you are wondering about the possible business options to start a new business, then review the below-mention ideas. I'm going to briefly discuss a few businesses that you can conveniently set up, and some don't even demand formal organizational structures, massive teams, or physical offices. You can connect with your suppliers, vendors, investors, employees, and clients via conference line or through online means of communications.

#1: Financial Consultancy Services

​Setting up a business of financial consultancy is well-suited for individuals above the 50s. They have lived their lives observing marketing sentiments. They have experienced sudden swings in the market caused by internal and external factors. Senior citizens are in a better position to understand how social mood can govern market trends because they have noticed the market's ups and downs their entire lives. If you are someone who has worked in financial sectors or has high financial literacy, then it is time for you to start a consultancy business and become a certified financial advisor.

​#2: Buy a Franchise Business

​Buying a franchise of an already established company is a great idea to step into the industrial sector after your 50s. When you buy a franchise, you don't have to start a business from scratch. You can save yourself from years of planning and unique business ideas. If you have the investment, you can run a franchise business in no time. Buying a franchise is a lot easier as compared to starting a new business because an established company has goodwill, clientele, suppliers, investors, and policies to effectively manage a business. With a franchise, you can expect immediate earnings. For instance, you can buy a franchise of reputable businesses like McDonald's to earn high profits.

#3: Writing/Blogging

​If you are someone who has spent his life reading and writing different content, then blogging or selling your writing skills is an excellent idea to earn money even after your retirement life. Who doesn't go online to extract information on different topics? If you are able to deliver what the online audience is looking for, then you definitely stand a chance to ace this market. If you are a foodie, then why not start your own food blog to share your experience, knowledge, and tips. You can easily find many blog ideas. If you love writing and can build a team, you can write for social media sources, or start your freelance writing business. When it comes to blogging/writing, trust me you will find endless options.

#4: Invest in Real Estate

​Have the idea of buying and selling property ever interested you to make high profits? Then, maybe you should give a thought, and invest your retirement funds into property. If you are capable enough to understand the real estate trends, this business is easy and simple for you, and there are high chances that you will end up making money. You will know how to increase margin by buying and selling property at the accurate time. If you are risk-averse and don't understand how to cater to market trends, then you can even buy a few possessions and rent them out to earn fixed income monthly.

#5: Life Coaching/Consulting

When you have grown old or experienced many ups and downs in life for above 50 years, it is time for you to share your wisdom, knowledge, and skills with the young/new generation. If you love public or professional speaking, then it is ideal for earning money by setting home-based life coaching/consulting business. You can offer training and guidance by conducting weekly sessions at your home. You can even conduct online courses through conference calling or video sessions. Life coaching is an excellent business to make money by helping private individuals. You can guide people and assist them in developing strategies to successfully manage challenging situations in life.  Moreover, you can provide consultancy services to businesses and professionals to improve sales, workforce productivity, profits, etc.
0 Comments

Supplement Your Income Online After Retirement

4/9/2020

0 Comments

 
Picture
When you finally reach retirement and leave the days of working behind you, life changes on many levels. You suddenly find yourself with a lot more time to enjoy doing the things you want to do, and you no longer have the stress of getting up at a particular time, getting to work on time, and spending long periods of time stuck in traffic.

While you may have a lot of time to enjoy your newfound freedom after retirement, you may end up short on money. If you want to enjoy traveling, enjoying new experiences, spending on family, and taking up new hobbies, one thing you will need is money. On a limited pension or retirement income, this could become an issue.

Ways to Make Money After Retirement

The good news is that there are various ways to make some extra cash after you have retired, particularly if you have internet access at home. Many people still associate internet use with younger people but we tend to forget that lots of seniors are computer literate, especially those that have just retired. But retirees of all ages may be able to use the internet to make money.

People go online to access all sorts of goods and services these days, from getting legal expert advice from personal injury law firms like Tinker Law Firm to browsing and buying household goods and groceries. So, by offering your services online you can access a broad audience with far greater ease. There are various options you can consider when it comes to how to make extra money online after retirement, such as:

​Offering writing services: If you enjoy doing research and you are adept at writing you could offer content writing services online. This is a great way to put your skills and your spare time to good use. You can work the hours you wish and take on as much or as little work as you want. All you need to do is set up a home office or quiet area where you can focus on your work.

Selling baked goods: Some people love nothing more than to cook, and if you enjoy creating wonderful savory foods and sweet treats, you could make some money from it. By making use of social media, you can sell your baked goods to others. You can start off with friends and family members, and as the word spreads, you could soon have other people coming to you.

Bookkeeping services: Prior to retirement, you may have held a position that involved bookkeeping and accounting work. If you have relevant skills, experience, and qualifications, you could offer bookkeeping services online to small businesses or sole proprietors.

Simple Ways to Supplement Your Pension

These are just some of the simple ways that you can supplement your pension, and you will find that you can earn a very good additional income using these methods. So, you can make the most of your free time and look forward to having more money to enjoy your golden years
0 Comments

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    March 2018
    February 2018
    January 2018
    November 2017
    October 2017
    September 2017
    August 2017
    April 2017
    March 2017

    Categories

    All
    Activities
    Brain Health
    Dating And Companionship
    Drug Abuse
    Education
    Employment
    Entertainment
    Financial Planning
    Healthcare
    Healthy Living
    Money
    Retirement Resources
    Reverse Mortgage
    Senior Living Resources
    Travel

    RSS Feed

Employment Resources

  • Employment Assistance Info
  • Job Seeker Information
  • Find Temporary Jobs
  • Resume Writing Help
  • Part-Time and Temp Jobs List
  • Seasonal Jobs
  • Search Jobs
  • Where are the Jobs
  • Jobs for the Over 50 Crowd
  • Research URL's

Creating Income

  • Work at Home
  • Start Your Own Business
  • Increase Retirement Income
  • Funding Your Retirement
  • Retirement Planning
  • Reverse Mortgage
  • Apply for Social Security
  • Working & Social Security Benefits
  • Auto Insurance Savings
  • Home Insurance Savings

Most Read Pages

  • Identity Theft & Scams
  • Volunteering
  • Boomer and Senior Discounts
  • Products
  • Services
  • Continuing Education
  • Healthcare
  • Retirement Locations
  • Boomer and Senior Travel
  • List of Franchises

Resources/Info

  • ​Blog
  • About Us
  • Contact Us
  • Sign-up for Newsletter
  • Newsletter
  • News
  • Media
  • Advertising Info
  • Free Ebooks

Copyright 2022 by Retired Brains
Privacy Statement     |     Terms Of Use

Disclaimer: We do our best to ensure the information on RetiredBrains.com is accurate and updated at all times; however, we are unable to guarantee the accuracy of all information. We make every attempt to keep the content up to date and factual. For the most current and complete product/service details please verify with the merchant, product, issuer, or service directly via their website or during the buying or application process. Please be aware that RetiredBrains may have a financial relationship with some of the sites included on our Website. RetiredBrains.com may receive compensation if users choose to click on the links located on certain pages of this website and sales and/or leads are generated. If legal advice or other expert assistance is required, the services of competent professional persons should be sought.
  • Home
  • Jobs & Work
    • Employers >
      • Account Login
      • Create Account
    • Job Seekers >
      • Account Login
      • Create Account
    • Work at Home >
      • Become a Chef Consultant
      • Become a Tutor
      • Become a Virtual Agent
      • Care Giving
      • Direct Selling
      • Freelancing
      • Medical Transcription
      • Selling at a Flea Market
      • Selling Online
      • Telemarketing
      • Translate Online
      • Write or Edit
      • Workers with Disabilities
      • Tech Jobs
    • Employment Assistance
    • Volunteering
  • Home & Family
    • Senior Living Resources
    • Grief Loss Support
    • Get a Dog or a Cat
    • Books on Retirement
    • Dating and Companionship
  • Travel & Entertainment
    • Boomer and Senior Travel
  • Money
    • Insurance Services
    • Social Security
    • Retirement Resources
    • Identity Theft & Scams
  • Health
    • Medicare
    • Health Care
  • Discounts
    • Products & Services
  • Blog