Categories: Curiosities

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!

smartlivingtips

View Comments

  • I got a new central air unit and it dropped my electric bill by 25%. I also have a home warranty for everything including underground plumbing. The cost is less than 40.00 per month and worthevery penny

Recent Posts

15 Things About ALDI Stores That No One Tells You

For many shoppers who are serious about spending less on groceries, a trip to discount…

4 years ago

Top 10 Myths About Climate Change

Climate change is becoming a topic discussed more and more in mainstream media, since it's…

4 years ago

11 Online Security Tips Everyone Should Know

In the present day, the Internet has  reached high levels, even though no one ever…

4 years ago

11 Things Parents Splurge on for Their Kids but Shouldn’t

Kids come with a lot of responsibilities and financial needs. You might enjoy some perks…

4 years ago

11 Ways To Save Money That Just Don’t Work

We all want to save that extra bit of cash, whether its because you want…

4 years ago

11 Items in Your Refrigerator You Better Throw Away Right Now

Refrigerators can sometimes be mysterious places, even for us, the owners, as they can get…

4 years ago