Monday is National Senior Citizens Day. Which almost automatically brings on thoughts of retirement. If a recent survey is accurate those thoughts may not be of serenity and bliss.
According to the survey conducted by TopCashback.com, 61% of Americans do not feel financially prepared for retirement. They are uneasy about it.
The survey polled a cross-section of 2,041 adults, aged 18 and over.
Here’s how some experts on retirement well-being reacted to the findings:
Regardless of your age, it’s important to keep track of your retirement goals. But with the cost of everything going up these days, you’ll need to know how to save money wherever possible to be able to continue building your retirement fund. To help you cut down on everyday expenses, here are four tips from TopCashback’s Team of Money-Saving Experts:
Sign up for loyalty programs. Store loyalty programs are a great way to get rewarded on your regular purchases. You can score exclusive coupons and discounts simply by using your loyalty card or entering your phone number/email address whenever you shop. These programs will often have exclusive discounts for members as well which allow you to maximize your savings.
Use the right credit card. Your credit cards are another way to maximize your savings on everyday purchases. Review the perks of your credit card’s program to determine which category offers increased cash back or rewards, and make sure to use that card when shopping for those items. For example, you may have a credit card that gives you triple cash back on groceries, or you may have one that rewards you with double miles per dollar spent on gas station purchases. Depending on the program, you may also be able to apply these rewards toward your bill as a statement credit.
Stack your savings. Get into the habit of layering coupons and deals whenever possible. Don’t forget to look for any available deals before making a purchase — and when shopping online use a cash back site, like TopCashback, which guarantees the highest percentage of your money back on qualifying purchases from over 7,000 stores.
Review your expenses regularly. Review your expenses regularly to better understand where your money is going. By understanding how much you currently spend, you can recognize where you might be spending too much or too little. For example, you may find that you are spending money on subscription services that you don’t use. In this instance, you’ll want to cancel the service in order to save more money in the long run.
