6 Money Saving Tips for Retired Homeowners

According to the U.S. Census Bureau, nearly 40 million American families will move to a new home this year. However, if 87% of people age 65 and over have their way, they will keep the one they have. That is the percentage of seniors who, according to AARP, would prefer to stay in their home to age in place.

Staying in the comfort of their home and being near friends and family are cited as the main reasons for staying in their home. The challenge for many older Americans is that the costs associated with maintaining a home don’t retire when they do. Taking some smart steps can cut your bills and minimize your expense.

All told, these personal tips, several of which you can start using today, can add up to more than 50% in energy savings. Considering that the average annual utility bill is $2,200, it can add around as much as $1,100 to your spending budget. That’s a nice raise for a retired homeowner.

What do you think about these tips? Do you have any more? Please, leave a comment below!



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