Posts Tagged ‘ senior financial advice ’

IN RETIREMENT, FRUGALITY IS A NECESSITY

Jun 28th, 2013 | By | Category: Senior Moments Blog

Watching one’s economic health during retirement is as important as staying apprised of your physical condition. Frugality is a top necessity. Spending, without limits, can contribute to a condition as frightening as a sudden heart attack.

Since less money comes in and more goes out, regularly, a watchful, careful and judicious eye must be kept on expenditures. If you can live without it, do. If you really don’t need an item, avoid purchasing it. With costs spinning out of control and income being reduced it is mandatory that one’s financial health be reviewed at least monthly.

While seniors enjoy traveling, particularly abroad, eating out, particularly