Home Instead Senior Snippets - Saving Money

Welcome to this month’s edition of Senior Snippets: the monthly advisory column with the older members of our community in mind brought to you by Home Instead in Watford.

In this article, I will be providing you with some useful tips on how to save money. Budgeting is an important tool to use no matter what your age and there are a few practical steps you can take to save a little more.

  1. Work out what you spend your money on. Making a list of everything you spend money on and identifying unnecessary spending will help you to make cuts each month.
  2.  Don’t impulse buy. Although you may instantly be drawn to something in a shop, ask yourself if you really need it and think carefully before making the purchase. Sleeping on a purchase overnight can often change the way you see it.
  3. Shop around. It is always worthwhile to compare prices and research the competition. Supermarkets will often compete with each other – use this to your advantage and search for cheaper options.
  4. Beware of special offers. Never buy something you don’t need just because it’s on offer. Vouchers and special deals are designed to make you spend more, not less.
  5. Collect change in a jar. If you have loose change in your wallet or purse, it’s more likely to be spent or disappear down the back of the sofa. Saving a few coins a day soon adds up and you’ll be able to deposit them at the bank- more savings!
  6. Go generic. There's no need to spend extra money on certain goods just because they’re from a name brand. Over the counter medicines, food and cleaning products often include the same ingredients – just with a fancier name!

It's possible to improve your finances just by slightly changing your usual habits. Give these tips a try and see how much of a difference they can make!

I’d love to hear from you! To make a suggestion for a future topic, please write to me at [email protected] alternatively, you can also call me on 01923 250513

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Family welcoming a Home Instead care manager into their home