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Budgeting for Older Adults

Managing your budget can be hard, especially if you’re no longer working and on a fixed income. Get tips for better budgeting, including ideas for financial planning, earning extra income and using prepaid cards wisely.

Get tips for better budgeting, including ideas for financial planning, earning extra income and using prepaid cards wisely.

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Managing credit card debt is key to financial security—yet many older adults can’t make ends meet without putting daily expenses on a charge card. While it can be challenging, it is possible to get credit card debt under control. These 5 key strategies can help.

Jul 29, 2022

Getting Help with Credit Card Debt: 5 Things Older Adults Should Know

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What does it mean to be on a fixed income? Seniors on a fixed income depend on largely on limited funds from Social Security, pensions, and/or savings to live.

Jul 18, 2022

What Does Living on a Fixed Income Mean?

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Worried about rising food costs? A finance calendar can help older adults budget for unexpected expenses and stretch their grocery dollars further.

Apr 26, 2022

What Is a Budget Calendar? And Why Should I Use One?

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As America recovers from the COVID-19 pandemic, food insecurity among low-income seniors remains high. Learn about some resources that can help.

Apr 18, 2022

Help to Gain Access to Healthy Food: Resources for Older Adults

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While food prices aren’t expected to go down, smart shopping and budgeting habits can help older adults save on groceries.

Apr 6, 2022

How Much Have Food Prices Gone Up, and How Can I Save?

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A grocery budget calculator can give you a basic idea of how much you should be spending on groceries each week or month.

Mar 24, 2022

How to Create a Grocery Budget That Works for You

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Wondering how to save money grocery shopping? Smart habits can add up to significant savings with every trip to the store, including learning more about the Supplemental Nutrition Assistance Program.

Mar 21, 2022

7 Ways to Save Money at the Grocery Store

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A closeup shot of a Social Security Administration sign on field office building.

Mar 16, 2022

SSI vs. SSDI: the Differences, Benefits, and How to Apply

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An empty grocery cart is in the middle of an aisle waiting to be filled. Use SNAP to reduce your net income through qualified deductions.

Mar 7, 2022

Eating Better on a Fixed Income: What You Can Buy for $20 in SNAP Benefits

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If you receive Supplemental Security Income (SSI) benefits, you’re subject to a periodic review of your eligibility status. This is called SSI redetermination.

Mar 7, 2022

SSI Redetermination: What It Is and How It Can Affect Your Benefits

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A corgi sits in front its food bowl, ready to eat. SNAP benefits only cover food for human household members and cannot be used to purchase pet food.

Mar 6, 2022

Can You Buy Pet Food with SNAP?

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A Black senior woman and her granddaughter are sitting outside at a picnic table enjoying a salad together and laughing.

Mar 4, 2022

How to Boost Your Budget with Money-Saving Benefits: A Guide for Older Adults

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A senior Black woman is outside in her garden planting vegetables for food. If you have the time, space, and ability to start a small garden, you may be happy to learn that you can use your SNAP benefits to do it. Under program guidelines, you can purchase seeds and plant starts that, over time, can prove to be more economical than buying produce in the store.

Feb 28, 2022

What Can You Buy With SNAP?

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A senior Asian woman is holding a pink piggy bank while her husband gets ready to place a coin inside of it.

Mar 22, 2021

Five Tips to Boost Your Income and Savings

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A Black, working senior woman stands with her arms crossed in front of a paint store.

Oct 19, 2020

Women: Put Yourself First in Planning for Financial Freedom in Retirement

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A line of wooden cubes with the word "Help" and pile of coins are staircased to signify how to boost your budget.

Jun 3, 2020

Beyond Food and Medicine: Other Ways to Boost Your Budget

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A senior woman is at home, sheltering in place and wearing a mask.

Apr 14, 2020

Tips for Homeowners Facing Hardship During the Pandemic

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A senior woman in bed is turning off her lamp, indicating that she's going to sleep.

Aug 30, 2018

Keeping the Lights On: Housing & Utility Benefits

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An older Hispanic couple, alongside their son, are looking at a computer, discussing their financial situation together.

Jul 20, 2018

Thinking About When You’ll Claim Social Security Benefits Is Time Well Spent

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A senior Hispanic man is using his credit card while making an online purchase.

Aug 3, 2016

Ready, Set, Bank™

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