Technology Slice Blog

Tips for Living on Fixed Income - Living on a fixed income is often associated with the retirement years. Others find themselves living on fixed incomes because of disability or the loss of a job. The financial situation requires careful planning and spending. Cutting back and using the income you have wisely is crucial. Budget Tips for Living on Fixed Income A budget is the first step to living on a fixed income. Determine exactly how much money is coming in each month. Write a list of every bill and other expenses such as groceries and gas. Total the expenses list to determine how much is going out each month. This will tell you how much extra you have each month for savings or other extra expenses. Saving the money is a good idea in case you overspend one month or have an unexpected expense such as a large medical bill or car repair. Document Spending Documenting every penny that you spend for a few weeks to a month gives you a good idea of where your money is going. Most p...