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How Seniors Can Save Money




Seniors are meant to enjoy their golden years; that’s why they call them the “golden years” in the first place. But if you’re constantly worried about your money and personal finances, you won’t be able to enjoy those years to the fullest.

Finding clever ways to save money and reduce expenses can help resolve this issue, so how can seniors do it?

Home and Basic Essentials

Your most important and probably biggest expenses are going to be related to your house and your basic needs. These are some of the best ways to control those expenses:

  •       Consider downsizing. Your home is probably your biggest expense. Even if you’ve completely paid off your home, you’ll still be paying for it in indirect ways through insurance, property taxes, and upkeep. The bigger your house is, and the better the neighborhood you live in, the more these expenses will grow. Accordingly, many seniors choose to save money by downsizing or moving to a cheaper area. If your house is already paid off, this strategic move will provide you with more financial resources, which you can use to invest and create even more passive income streams.
  •       Find the right cell phone plan. Cell phone plans are designed to appeal to a wide range of consumers, offering them just the basics for a low price, all the extras for a higher price, or something in the middle. There are several options to choose from, so when assessing cell phone plans for seniors, you can pick a plan that suits both your needs and your budget.
  •       Control your utility usage. Every month, you’ll pay for utilities like water, electricity, and natural gas. There are many strategies that can help you control your utility usage, from appliance upgrades designed to use energy more efficiently to insulation upgrades in your home that allow your heater and air conditioner to run less. You can also employ conservation strategies like hanging your clothes to dry instead of using the dryer.
  •       Talk to a Medicare broker. A Medicare broker is a trained, licensed professional who can help you make the right decisions for your Medicare needs. Health insurance and health expenses are among your most significant concerns, but working with a trained professional can help you find the right path to achieving your healthcare goals. Ultimately, this could help you save hundreds or even thousands of dollars.
  •       Evaluate your transportation options. Even if you love owning and driving your own car, it’s worth considering alternative transportation options. Leaning on public transportation or switching to a different type of vehicle could help you save a lot of money on things like gas, maintenance, and insurance.
  •       Look for senior discount programs. There are many senior discount programs available through dedicated organizations and consumer-facing companies. If you’re willing to do some research, you could become a member of these programs and score amazing discounts on things you’re already buying.
  •       Shop smart. Shopping at multiple grocery stores, cutting coupons, and carefully calculating per unit costs can all help you save money on groceries – without sacrificing any of your nutritional needs in the process.
  •       Talk to your service providers. If you’re struggling to make ends meet, consider calling your service providers directly and talking to them. Many of them will be willing to extend discounts or new payment options to accommodate your limited income.
  •       Create an emergency fund. An emergency fund is a stash of money designed to be used only in an emergency situation. If you have one, and you experience an unplanned expense, you can tap into your existing fund instead of taking on new credit card debt. Aim to save at least enough money to cover three to six months of regular expenses.

Entertainment and Lifestyle

These additional strategies can help you save money on the entertainment and lifestyle side of things.

  •       Cancel unnecessary subscriptions. Take a look at all the subscription services you’re paying for. Do you really need or regularly use all of these? Are there any subscriptions you could cancel or downgrade?
  •       Take up free or inexpensive hobbies. There are many ways you can enjoy yourself without spending much money. Bird watching, hiking, gardening, and foraging for mushrooms are just a few examples of hobbies that can keep you active and social without demanding recurring payments.
  •       Take advantage of community resources. Visit your local Community Center and see what other community resources are available to you. You might be surprised at what you find; senior support programs, advisors, and peer networks could give you the information and guidance necessary to improve your personal finances even further.
  •       Travel in the off season. Many seniors and retirees like to spend their golden years traveling. But if you do travel, travel during the offseason to save significant money. It’s also a good idea to be choosy with your travel plans; some travel destinations are much more affordable than others, and you can almost always find discounts if you’re willing to look.

Getting Further Help

If you’ve employed all of these strategies and you’re still struggling to stay afloat, there are some alternative options available to you. Going back to work, taking on a side gig, or reallocating your investments could help you generate more income to cover your needs. 

Taking in a roommate could subsidize your housing and help you thrive in these circumstances. And, of course, you can always lean on family members and friends for additional guidance and support.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Wisdom and Youthful Energy Combined: Tax Attorney Lance R. Drury




Research done by The American Psychological Association indicates that the average person starts feeling old at the age of 47. This was the most cited age in a survey of 2,000 Americans over 40, with respondents also noting that they begin to worry about age-related bodily changes around the age of 50. Concerns about mental decline and memory loss are prevalent, with a significant percentage of participants expressing fears about their cognitive health deteriorating as they age. Interestingly, fewer people are concerned about losing their youthful looks compared to worries about mental sharpness and staying socially connected.

But at the young age of 70, Tax Attorney at Law Lance R. Drury embodies the belief that age is just a number — not a measure of one’s capabilities. With a career spanning several decades, the spunky lawyer continues to defy societal expectations, showcasing that one can maintain both wisdom and youthful energy well into their later years. Drury’s happy-go-lucky, quick-witted personality offers a refreshing perspective in a world where age often dictates one’s pursuits and achievements.

Lance R. Drury is the founder of the Law Office of Lance R. Drury, a firm renowned for its exceptional tax resolution services. With over 35 years of legal experience, his practice specializes in tax planning, litigation of tax disputes, and negotiation of settlements with tax authorities. Drury’s personalized approach to each case ensures that clients receive strategies tailored to their unique situations.

His offices are located in Ste. Genevieve and St. Louis in Missouri, Nashville in Tennessee, and most recently, San Antonio in Texas. Drury’s practice emphasizes understanding clients’ specific needs and navigating the complexities of tax law to provide clear, actionable solutions. Through his dedicated work, he built a longstanding reputation for his legal acumen and commitment to upholding the highest standards of the legal profession, ensuring that each client receives attentive and effective representation.

We sat down with Drury to discuss his perspective on age and how it influences his dynamic approach to life and work.

All In Your Head

Drury’s response to the question of retirement was profound.

“People often suggest I should retire,” he shared. “But staying active keeps my mind sharp and my spirit youthful.”

His days are filled with interactions that span generations, which he believes keep his mind young and engaged.

“Age is just a sequence of numbers that has no bearing on what you can achieve. The only limits are the ones you set for yourself,” Drury emphasized.

Maintaining Purpose and Connection

Drury highlighted the importance of maintaining a sense of purpose. While retirement for some means relaxation and leisure, for Drury, it’s about continual engagement and growth.

“You don’t retire from life; you move towards new opportunities,” Drury pointed out. “It’s essential to keep forging connections and pursuing goals that keep you connected to the world around you.”

He actively engages with people daily, from colleagues to younger individuals, enriching his social life and broadening his perspectives. This engagement, he noted, is key to feeling connected and vibrant.

The Psychological and Social Benefits of Staying Active

Staying engaged in work and social activities has profound effects on mental health. Drury observed that his professional engagements keep his mind sharp and give him a sense of purpose every day. This routine, he suggested, can benefit everyone, regardless of age. The social interactions that come with staying active help prevent the loneliness and isolation often associated with aging.

“Staying active is crucial for keeping your mind sharp and your spirit engaged,” Drury noted.

A Rebellious Stance on Aging

Drury’s approach is rebellious. Especially in the field of law, defying societal expectations that dictate slowing down with age is unexpected. He finds liberation in continuing his work and enjoying life on his terms. This rebellious stance is about acknowledging the aging process while embracing it with vigor and a clear sense of purpose.

“Rejecting the typical narrative of aging doesn’t mean denying the process of growing older. It means embracing it with enthusiasm and a resolve to live fully every day,” Drury passionately shared. “I encourage others to live joyfully and defiantly, irrespective of age.”

Drury’s narrative is a powerful reminder that age should not limit our dreams or capabilities. Whether it’s continuing a career, engaging with diverse social groups, or simply finding new reasons to enjoy each day, his life exemplifies the power of living without age boundaries. Drury’s advice encourages us to look beyond societal expectations and craft a life filled with engagement, purpose, and connection, no matter how many years we have lived.

In a world that often equates aging with decline, Lance R. Drury stands out as a beacon of enduring vitality and purpose, inspiring all of us to rethink what it means to grow older!

About The Law Office of Lance R. Drury

The Law Office of Lance R. Drury, founded in 2006, has been a leading legal practice in Ste. Genevieve, Missouri, St. Louis, Missouri, San Antonio, Texas, and Nashville, Tennessee specializing in tax law matters. With over 35 years of experience, Lance is a nationally-recognized tax resolution attorney providing innovative solutions to IRS tax dilemmas with a team that is dedicated to providing clients personalized and effective solutions for tax planning, dispute litigation, and tax resolutions. For more information, please visit 

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