Has your pension's income flat lined? Most people around the world only have a certain amount of income in retirement. Unfortunately, interest rates are still low and are not likely to increase in the near future. It is not only you who are affected. Millions of retirees have been affected by steadily falling interest rates.
This has forced many retirees back to work, many have found themselves struggling even though they thought they were going to have good retired incomes. The truth is that living costs are out of line with many pensions.
Instead of enjoying their retirements, many have been forced to go back to work. These days, you are likely to find retirees working in supermarkets and gas stations to make ends meet. Should you find yourself in a similar sort of situation, it could be a good idea to check out what you can do to help yourself.
Find a Job
Yes, it is a good idea to find a job. But, do you need to leave home to work? If you need to travel to work, you need to take any travel expenses into account. Fuel is not cheap, and driving to work can easily cost you a lot of money.
There are smarter ways to work. You could become a dog sitter and walker, take in ironing, or even do some sewing. Of course, you can also work online. Setting up your own blog is a good idea. You can make money from your blog using online advertising schemes such as Adsense and affiliate marketing programs.
It is not difficult to become a blogger and companies such as Weebly makes it easy for you to set your first website. Even if you have not tried blogging or creating your own website before, you will find it easy to do with Weebly. Who knows – you may even become a Digital Nomad!
Make Sure You Make the Most Out of Money Saving Schemes
Popular supermarket bonus schemes can help you to save money if you use them in the right sort of way. It does not seem to matter where in the world you live, you fill that your local supermarket will have some sort of loyalty card scheme. They can save you money, but you need to be clever about how you use your points. If you are savvy enough, there are some high ticket items which you never need to spend money on again. But, you need to think ahead.
Also, you need to check out cash back credit cards and make sure you make the most out of your ISA allowance. More and more banks are leaving the UK high street and it can be hard to find financial advice. Not all of us like to use services such as internet and telephone banking.
Cashback sites can help as well, and there are a couple of good ones that you could try. You could even set up a newsletter promoting the best deals on cash back and discounts sites.
In other words, there are a plethora of ways to boost your pension. Keep an eye on how much money you are earning to inspire yourself and others. Also, find out if you have been mis-sold any financial schemes. Someone could be owing you money.