In these hard times, everyone is having to learn how to do more with less. For some seniors there is little change. If they have had to get by on Social Security then they often lived a lifetime of frugality.
Long before the recession deepened, they were experts at making ends meet. Long after the recovery comes, they’ll still be masters of frugality.
Many retirees worked their entire adult lives but never qualified for a pension or earned enough to put anything aside. Others started retirement with a nest egg but never thought it would have to last 20 or 30 years.
Now they are also becoming models for younger Americans forced by the recession to trade in their spendthrift ways for a leaner lifestyle.
On the Web there are quite a number of places to read how these seniors have learned to cope with hard times. For example, you can find 5 Thrifty Tips From Our Mothers and Grandmothers.
Tips for frugal seniors
- Repair, Don’t Replace.
- Cut Grocery Bills In Half by Cutting Out Cleaning Products.
- Refurbish Your Closet Without Hitting the Stores. Repair or remodel or arrange a clothing swap
- Skip the Drug Store and Make Your Own.
- Cut Energy Bills by Hanging Wash and Closing Vents.
Perhaps the 12 Thrifty Tips to Stretch Every Dollar on Frugal Living may be more useful to you.
- Tip #1: Think before you buy.
- Tip #2: Know what things cost.
- Tip #3: Grow your own food.
- Tip #4: Unplug the “Energy Vampires” in your home.
- Tip #5: Embrace the simple pleasures.
- Tip #6: Hold an annual “Swap Party.”
- Tip #7: Take advantage of free entertainment.
- Tip #8: Get maximum mileage from coupons.
- Tip #9: Shop smart.
- Tip #10: Get free stuff.
- Tip #11: Eating day-old bread won’t kill you.
- Tip #12: Treat yourself once in awhile.
If you’re looking for even more ideas, then why not check out what Beth VanHoose, the Thrifty Guru at LifeTips has assembled. She boasts she has a collection of 631 Thrifty tips with more being added weekly.
Finally if you’re looking for thrift, we should not overlook the thrift stores as they’re called in the US. The Thrifty Chicks blog showcases the Thrift Store Gurus, a nation-wide network dedicated to a more robust global repurposing market. This is win/win as your dollars work even harder than in regular stores.
At the other end of the spectrum, if you would prefer to be finding ways of making more money rather than making your money go as far as possible, then perhaps the Smart Cookies may be able to give you advice that is more to your taste.
Footnote: If you have any particular thrifty tips for seniors, why not add them in the Comments. Someone may very well be very appreciative of your idea.