Investment at peopleInvestment at people

How to Live On A Fixed Income


Living on a fixed income can be a very hard accomplishment, especially if you are older and only receiving an income consisting of a Social Security check. If this is the situation in which you are finding yourself in, and you are finding it difficult to make ends meet on a fixed income, then it is going to take many sacrifices and a lot of self control, on your part to afford the things that you will need on a daily basis.

^*^:
1го Make a list of grocery items that you need from the store, and stick to that list. Cut out impulse spending. If you don't need it, don't buy it. You will be surprised at how much money you can save, and how much easier it will be to live on a fixed income, by just buying needed items.

^*^:
2го Cut back on utility bills, by turning off lights when they are not needed. You only need a light burning in the room in which you are in at the time, and you really don't need a 100 watt bulb either, a 40 watt bulb will be sufficient for lighting purposes.

^*^:
3го Cut back on heating bills by setting back the thermostat to a lower setting and layering clothes to keep warm. You could also keep a comfy blanket to cover with, while watching TV, or close off all the rooms and use a space heater during the day to save on heating bills.

^*^:
4го Another way to cut back on heating and cooling bills, to help you live easier on a fixed income, is to cover your windows with a heavy plastic, to keep out drafts. This works especially well in the winter months, when the cold wind blows in through every crack and crevice.

^*^:
5го Limit your trips to town to once a week. Multi task on your trips to town. Pay bills, buy groceries, make visits, refill prescriptions do all that can be done in one trip, to save on gas usage. If you could limit your trips into town to every two weeks, it would help you to live on a fixed income with greater ease.

^*^:

*Never leave a space heater unattended.

^*^:
Great tips, I will be using them. Thanks

^*^:
People have a hard time knowing the difference between something they need and something they want. Spending too much on unneeded things can be a big problem.

^*^:
It is a reality for many people. We need to prepare.

^*^:
These are all great ideas for living on a fixed income.

^*^:
Just watch the space heaters! If they're gas, great, but my electric ones ran up my bill even though I had more than half my house closed off.