You’ve probably heard a lot of advice about saving money before you retire, but what about getting the same thing done after the fact?

If you weren’t fully prepared going into your Golden Years for the expenses it would take, money might be a bit tight. Without a steady paycheck to get you through each week, how do you plan to save a little extra?

It’s not impossible. In fact, if you have a little bit of computer know-how and some patience, you can use these seven tips to get extra money in your pocket quickly!

1. Enjoy The Senior Discount Perks

When you first started getting offered the “senior discount,” it was probably a bit of a blow to your ego. But if you can get past the pride factor, this is a great opportunity to save a lot of money.

With so many people who understand the benefits of healthcare and nutrition, what used to be a “senior citizen” looks much different today. There are people in their 60’s, 70’s and 80’s who can run circles around the younger generation!

But the senior discount age still remains the same, typically starting around sixty. Depending on your area, you might enjoy perks like:

  • Discounts at pharmacies and department stores on certain days
  • Grocery store discounts
  • A special menu or discounted price at restaurants
  • Cheaper prices for travel, transportation, and entertainment venues

Check into the senior perks in your area. Any time you head out, ask if the business offers a Golden Year discount!

2. Check Into Healthshares

If you’re a pretty healthy person who rarely goes to the doctor, you’re probably getting frustrated with expensive health insurance premiums. You want to be smart and protect yourself financially. But is it really worth the hefty monthly payment?

A healthshare plan might be the solution to your dilemma. Health shares are different than the typical, traditional insurance coverage.

You pay a due each month that goes into a pool. This pool of money is then used by the group, all of whom are like you and are in good shape, when they do go to the doctor.

There aren’t any hidden fees and you are protected in the event of an eligible medical bill. Check with your regional healthshare groups to see what’s covered and if you qualify.

3. Shop Online

This one could go either way. If you’re a smart shopper, you can easily find great deals with free or low-cost shipping online. This saves you money and time versus going to the grocery story.

However, if you’re not careful, you can end up shopping too much. If you’re buying things you don’t need just because it’s a good deal, you might want to limit your internet surfing.

4. Learn How To Meal Plan

Sometimes, seniors eat out more than they eat at home just because it’s easier than cooking for one or two. It might even seem like it’s cheaper! What it isn’t, though, is healthier.

You have to take care of your body now more than ever. The physiological parts of aging are going on whether you see them or not. When you dine out a lot, it takes a toll.

By meal planning, you can save money and create a week’s worth of meals at a time. Store or freeze them and pull them out when you’re hungry. You’ll notice a lot more money in your pocket and a healthier, better-fueled body.

5. Get Smart With Your Bills

Some things are inflexible, like your monthly rent or mortgage payment. Unless you want to downsize to something cheaper, you’re stuck with what you have.

There are lots of other ways to price shop for the lowest costs, especially if you don’t mind scouring the internet. Do price comparisons for bills like:

  • Car insurance
  • Cell phone plans
  • TV subscriptions
  • Credit card interest rates
  • Personal loans

Don’t be afraid to shop around and then call a company to cancel your subscription or policy. Many times, they’ll offer you a better price just to stay loyal to them. If not, you know you have your backup plan!

6. Learn How To Maximize Your Taxes

Waiting until it’s time to file your taxes to worry about finding deductions is stressful and, usually, too late. If you have IRAs or a 401(k), or any portfolio, you need to know how to minimize your tax bill.

Before you take out money in any of your assets, talk to a tax advisor. There may be a better way to get the funds you need without boosting your income up into the next tax bracket and costing you thousands.

7. Get A Side Job

It’s easier than ever for retirees to make money on the side. Many companies see the value in senior citizens and government policies prohibit ageism if you know the skills to do the job.

Seniors with computer knowledge can earn a few extra dollars by taking surveys online or playing games. If you have an in-demand skill, you could even start a freelancing business!

It’s never too late to get a side job and earn some cash to help you enjoy your retirement.


Your senior years should be the halcyon days of your life. If you didn’t prepare financially or something knocked your plan off its path, they can be stressful instead.

These tips will help your money last longer and put some extra cash in your bank account. Go enjoy your retirement. You earned it!

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