The answer is, absolutely. Living on a fixed income requires the discipline to budget carefully and spend within that budget. It means being savvy about the products and services you choose, their quality, and of course, the costs. Consumers who are 50 and over, especially those who are ready to retire, are keenly aware of this. According to the most recent information from the US Census Bureau, as of 2016, mean incomes for consolidated age groups above 50 are decreasing over time, and by quite a bit:
|55 – 64||$89,986|
|65 – 74||$68,905|
The average income for couples ages 50 and over is $68,293. Consider this. Those who are retiring at this age today can anticipate spending over $1million (future value) on healthcare alone for the next 25 years. If the mean income for these consumers is currently $68,293, a modest lifestyle over a twenty-five year timeframe will put couples in the red by ~$2000 on a monthly basis.*
However, the outlook doesn’t have to be all gloom and doom if you have access to the right tools, and they do exist if you know where to find them.
As Jonathan Clements once said, “Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money.”
That’s why BGMA wants to help people who are over 50 save money by identifying age 50+ discounts for everything you buy – especially the big ticket items like groceries, gifts for loved ones, and home goods. Having this information at your fingertips makes a significant difference in how much you save while shopping for the products and services you want and need. We work with a variety of vendors to give you more stores from which to choose. BGMA offers savings on anything from massages and meals to clothing and gifts.
We are partnering with several unique companies including GrandBox and Capalbo’s. GrandBox creates charming gift boxes filled with mementos, snacks, and other surprises to let loved ones know you’re thinking of them, and GrandBox offers 20% discounts to customers who are 50+. Capalbo’s Gift Baskets is another option for finding gifts for family and friends. It has a sizeable selection of baskets, both large and small, that contain wine, nuts, chocolate, flowers, and other goodies. Both stores offer deals on gifts to give over holidays, weddings and birthdays, or just to say thank-you.
There are senior discounts for age 50 available on practical items for yourself as well. Check out Belk on the first Tuesday of every month for 10% – 15% discounts on clothing, beauty products, and home goods. Plus, if you make your purchases online, in many cases, shipping is free for orders over $25 – $50. We’re working with local companies like Costway, so you can also save on different products – deluxe furniture, children’s toys, pet supplies, and everyday electronics. If you enjoy knitting and want high quality yarns, on-trend patterns, or simply some variety to your normal work, sign up with PostStitch, another partner you will find at BGMA.
These are only a cross-section of the different stores and deals you will find on BGMA.co and the amount does add up. When stores and vendors offer 15% discounts on entertainment, groceries, transportation, and other items, consumers can save as much as $1500 per year. Businesses will agree that having discounts available to people over 50 is just the right thing to do.
The people at BGMA understand that you’ve worked hard to live comfortably. Having immediate access to information on over 50 discounts and deals is a time and money saver.
Sign up today at BGMA.co. It’s free!
*Based on the following budget and living in the average retiree city (Arizona, Florida):
|Eat out 4x||$80.00||$960.00|
Author: Linda Noskewicz