Tell us your story!

February 22, 2011 in The Economy

In today's volatile economic world it's more important than ever for seniors to stick together and encourage one another. How have you managed to reinvent yourself? What steps have you taken to prepare actively for the new world that is upon us? Tell us your story. Share your life-affirming tips with others. We want to hear from you! Write to me at jim@over60exchange.com We'll publish your story of encouragement.

Comments:

From: rbrew7600
Posted Sep 24, 2008 // 4:24PM

Jim - I am looking at every expense but essential and non-essential. If I can cut anywhere or eliminate an expense, I am going to do it. There are many new technologies that are at little or no cost. For example, I now have MagicJack attached to my computer. For $19.95 per year, I can make free long distance calls anywhere in North America and for a few cents a minute, I can call anywhere else in the world. This eliminates having to pay for a local phone number, all the taxes and associated fees. Savings per year? Probably $500-$600. This is only one area.

I am looking at magazine subscriptions, recurring monthly fees for service that I may only use once in a while, upgrades such as cable movie channels that I may rarely watch and other tacked on services that I may have said "yes" too when signing up for them. All these things add up and together could be costing me an extra 2-3 hundred dollars per month.

Credit cards with balances that have interest rates higher than other cards may be transferrable to cards with a much lower interest rate. Banks may turn transfers off, if the financial conditions do not improve, so I am going for lower interest rate cards now while I can make the change.

There is plenty more and I am only getting into it now so I have a ways to go before I feel like I have reviewed everything.


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