With rumors of Social Security cuts coming in the future, as well as a disappointing Social Security COLA for 2025, it may be time to rethink your budget.
But if you’re like most seniors, your money is going to a few main areas. As discussed here, there are five places where most retirees and older Americans see their money going.
Some areas are understandable, such as healthcare, which is typically more important as we get older. Other costs like home maintenance and even property taxes can also take a chunk out of your finances.
Do you have a plan to make cuts to make ends meet if it comes to that? Do your expenses mirror those of the average senior? Let us know in the comments.
