Money, money, money….
There is more to life than money, but lack of money gives you fewer choices and may restrict the activities you can participate in. Age proof your life by making sure that you are in the best financial situation that is possible for you. Obviously the younger you are when you start planning for your old age the better as you will be able to build up a better pension. However, even if you are looking to improve your financial situation later in life there may be a lot you can do. News reports regularly tell us that many older people are not claiming all that they may be entitled to so a few pointers are:
- Make sure you are getting any work pensions you should be. Many people paid into pensions for jobs they left many years ago, the funds will have continues to build over the years but you may not have kept the company informed of new addresses.
- Make sure you are claiming any benefits you are entitled to, for example free or concessionary travel, welfare benefits, heating payments etc.
- Become well informed about bogus callers, internet scams and the like. Sadly you are more likely to be a target for these as you get older.
There are many more things you can do to improve your financial situation. AgeScotland has a great Money Matters page that gives lots more advice and information to get you started.