How Seniors Can Live Better on a Fixed Income

2023-06-13T12:00:17-04:00June 13th, 2023|Categories: Saving Money, Seniors|Tags: , , , , , , , |

It can be challenging for seniors living on a fixed income to make ends meet, let alone save. That said, there are things you can do to manage your finances as effectively as possible so that you have a little left over to put some money aside for a rainy day or an indulgence. FirstLantic Healthcare offers ten tips that seniors can take to make their money go further.   Savings Match Programs: Individual Development Accounts (IDAs): IDAs are special savings accounts where program funders (a combination of government, nonprofits, and financial institutions) match the money that low and middle-income households put into savings to achieve specific goals. There are also Private Savings Match Programs such as saverlife.org, which the nonprofit EARN funds – you get rewarded points [...]