Everyone wants to spend less, especially on our everyday expenses. Our elderly relatives can often have extra worries on their plate, such as pensions and care costs. Sometimes, health issues may also make it more difficult for them to manage their money. With that in mind, here are 10 ways you can help your older relatives save money. 1. Know How Much Money They Have Whilst you do not necessarily need to know the exact amount of money they have or how much they are receiving, it is important to encourage your elderly loved ones to keep track of their finances. Knowing how much …
Senior Discounts – Restaurants
Everybody loves a bargain - but for older people, looking after the pennies is even more important. Older people are often on a fixed income, whether that's State Pension, private pension, or working reduced hours. Thankfully, there are plenty of senior discounts out there. We've already covered the biggest elderly discounts in UK shops and discounted days out, but today we'll be looking at dining discounts for older people. Let's dive in! Best Dining Discounts for Older People Lots of chain restaurants offer discounts to older diners. Plenty of others have a senior menu with …
A Guide to the Different Types of Pensions
Pensions can be a confusing subject. Whether you're approaching retirement or only just starting to plan for the future, understanding your pension(s) is crucial if you want to look after your finances. Did you know there are three main types of pension in the UK? This article will explain the different types of pensions to help you find the right scheme for you. What are the Main Types of Pension? Plenty of us don't bother thinking about our pensions until we're well into our working life. After all, retirement seems a lifetime away when you're a young person in your first job. …
How to Reduce your Bills
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. Unfortunately, this 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 never a bad idea to try and reduce your bills, saving up more cash for a rainy day or special occasion! A study by Age UK found that …
Finance Tips for you and your Elderly Loved Ones
Talking to your parents about money isn't always easy. Many people feel uncomfortable discussing their finances, especially with their adult children. Older parents might see it as a reversal of roles and they may not want to open up about their specific financial situation. However, it's important to have honest conversations about money as your parents get older. Today we're sharing our top finance tips for older people and their grown-up children. Financial security is something we all aspire to have and to see our loved ones enjoy. However, according to a 2020 study by the …
Senior Discounts – Entertainment and Leisure
Previously, we've shared the best discounts for over 60s when it comes to shopping and restaurants. In today's article, we will be looking at the best over 60s discounts in the world of entertainment and leisure. Let's dive in! Cinema Discounts for Over 60s Did you know that you can get discounted cinema tickets if you're an elderly customer? Both Odeon and Vue cinemas across the nation offer concession tickets, some as little as £3. Vue offers discounted tickets for over 60s at all its cinemas. You'll need to show proof of age such as a driving license upon arrival. They even …
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