Many elderly people find themselves on a fixed income in later life; For most, this comes in the form of a pension or some kind of benefit. Relying on pensions or benefits can make it difficult to keep up with ever-rising bills and payments, elderly people can also find themselves with health issues which in turn can be costly, and make it even more difficult to save money. Even if your loved one is living comfortably and has some extra cash to spare, it's always advantageous to cut back on expenses and leave more cash for a rainy day or special occasion! A study by Age UK found …

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