Managing money
Day-to-day financial management
How Seniors Can Maintain a Fun Lifestyle While Sticking to a Budget
Collaborative Post Ageing does not mean the fun has to stop. In fact, it can be the perfect time to embrace life’s pleasures, but with one consideration – doing so on a budget. So, there’s already this idea that you should work when you’re young so you can have a carefree lifestyle when you’re older. […]
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Nationwide phases out paper passbooks – worrying for older customers or not?
Nationwide Building Society is due to eliminate passbooks in their current form starting February 2025. This move is said to be part of a broader initiative to modernise its services. Current Status of Passbooks New Accounts: Nationwide has already stopped offering new passbook accounts. Usage: Only 2% of Nationwide’s 16 million customers, roughly 120,000 members, […]
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What is Carer’s Allowance and how can I claim it?
If you’re in the UK you could get £76.75 a week in Carer’s Allowance (March 2024) if you care for someone at least 35 hours a week. That makes it a pretty full-time job, although some people do fit part-time working into their day as well. There are rules. You can’t share a Carer’s Allowance […]
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Top Tips for Managing Bills on Behalf of a Loved One
Collaborative Post Managing bills for a loved one can be a daunting task, especially when aiming to ensure their financial well-being without compromising on the quality of their utilities and services. From setting up direct debits to understanding energy usage, here are several strategies to streamline the process and make bill management efficient and stress-free. […]
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Smart Budgeting: Secrets to Managing Your Finances Effectively
Collaborative Post Budgeting is usually perceived as a daunting, miserable, and unfashionable affair. This originates partly from our unfortunate programming via unwise channels of knowledge. Buying a new cool gadget is thought to be fashionable. Yet, we fail to realize the ravaging repercussions of impulse purchases in our lives. Smart budgeting enables you to navigate […]
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The importance of an emergency fund
Collaborative Post You have no idea what life is going to throw at you, particularly as you get older. Being prepared for whatever comes your way is always a good idea, whether it be health concerns, family troubles or money worries. One way to build your financial resilience is to start an emergency fund, which […]
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Money Management for Older People
Collaborative Post As we age, our financial needs and priorities often change, and good money management becomes more and more crucial to ensure a comfortable and secure future for older people. From retirement planning to healthcare expenses, understanding how to navigate financial challenges is an important part of getting older. With that in mind, read […]
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The Role of Technology in Helping Seniors Manage Their Finances
Collaborative Post As the population ages, many seniors are finding themselves facing financial challenges. This is because managing finances can become increasingly difficult as individuals age, and it can be overwhelming with the added complexities of health issues and limited mobility. However, technology has become an invaluable resource for seniors looking to manage their finances […]
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Navigating the Rising Cost of Medications for Seniors: Strategies for Managing Expenses
Collaborative Post As a senior, having access to health care during your retirement years is essential. And while medical expenses can vary greatly depending on a variety of factors such as age, income, and chronic illnesses, one thing that remains constant across the board is the rising cost of medications. Whether you are managing pre-existing […]
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Debt-Free Retirement: How to Manage and Eliminate Debt in Your Golden Years
Collaborative Post As you enter your golden years, the last thing you want is the stress of debt hanging over your head. Fortunately, managing and even eliminating debt to enjoy a more relaxed and fulfilling retirement can be made possible with careful planning and implementing practical steps. To help you better understand how to achieve […]
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