Posts Tagged ‘ fixed income ’

DOWNSIZING FOR FINANCIAL REASONS

Feb 21st, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Problems With Retirement Income Fixed incomes in retirement can be a serious challenge for retirees to manage. Most of us were used to our income fluctuating, generally increasing annually on our hiring anniversary date. If you stayed with the same company/agency/employer, you may also have been the beneficiary of an annual bonus, cost of living [...]



TIPS FOR SENIOR GROCERY SHOPPING

Mar 12th, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Shopping Tips Aid Senior Citizen Budget Senior Citizen Journal writes a lot about shopping tips and senior citizen discounts that help stretch the senior fixed income.  Senior finances remain one of the top 10 concerns of seniors everywhere.  Seniors find they save money if they apply discipline to their shopping expeditions. SCJ editors have come [...]



GUARANTEED INCOME PLANNING FOR SENIORS

Jan 29th, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

A recent discussion in a social situation brought some interesting considerations to light regarding senior citizen finances.  A group of seniors were talking about their needs for predictable guaranteed income, monthly sums they could depend on not influenced by the fluctuations of the stock market. Tens of thousands of senior citizens find themselves in this [...]



Seniors: What Can We Do Without?

May 11th, 2011 | By Dr Jerry D Elrod | Category: Senior Moments Blog

What can we do without is becoming an almost daily and necessary query. It is no time for extravagance or insisting upon expenses that can be eliminated. It is no time to avoid the reality that escalating costs are here to stay. Coupled to all kinds of dynamics which are influencing the rise of costs on everything, we are faced with having to impose new strictures on our spending, discipline on our desires, and absolute avoidance of spending whenever and however possible.

How do we start? Here are some hints.

First, eliminate all unnecessary trips to purchase unneeded items. Examine the habit of jumping in the car to run to buy one or two items. Put it off until you have several tasks which need doing.