My Site, My Thoughts

A site for me to share, a site to inspire others

A little site that i started due to boredom at work. I am hoping to share a little about my passion in life via this site. Hope you enjoy the design tips as well as some money saving advice i have learnt (usually the hardway).

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4 Tips for Living Well on a Fixed Income

March 19, 2020 by cobbs2 Leave a Comment

“When you’re living on a fixed income, it’s important to budget carefully and keep unnecessary expenses to a minimum. If you’re a senior with a fixed retirement income, it’s essential to approach paying bills, buying necessities, and making additional purchases in a way that allows you to cover your needs without living beyond your means.”

How to Thrive While Living on a Fixed Income in Retirement

When they hear the term “fixed income,” many people envision a paltry monthly living allowance that provides little if any discretionary funds to enable someone to actually enjoy their life.

However, living on a fixed income doesn’t necessarily relegate you to a life of scrimping and penny-pinching. Many retirees live on a fixed income of some kind, and it’s definitely possible to live well on a fixed income — the key is careful financial planning and budgeting…

 

Read more: https://www.personalcapital.com/blog/retirement-planning/how-to-live-on-a-fixed-income/

Filed Under: Finance, Home And Family, Personal Finance Tagged With: fixed income, retirement

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