You’ve worked hard for decades, and now truly shine. But let’s face it, living on a fixed income can be trickier than doing the Macarena at your grandkid’s wedding. So, we’re here to help you trim the fat from your budget without sacrificing the good life.
GOBankingRates spoke with financial experts to get the lowdown on . Earning passive income doesn't need to be difficult. Marguerita Cheng, CFP and expert contributor at , is all about ditching those pesky plastic bags.
“I live in Maryland, and we have had bag tax for a while,” she said. “You can leave reusable bags in your car. Not only is this good for your wallet, but it is also good for planet Earth.
” So, grab some cute reusable bags and save the planet while you save some cash. Win-win! Speaking of saving the planet, Cheng’s got another eco-friendly tip: She wants you to say goodbye to plastic water bottles and, depending on where you live, invest in a water filtration system. That way, all you need is your own reusable water bottle.
Michael Collins, CFA, founder and CEO of , agreed. “Bottled water is another unnecessary expense that can add up over time, and it also contributes to plastic waste,” he said. “So instead, invest in a reusable water bottle and use a filter at home if needed.
” Remember when cable TV was the hottest thing ever? Well, times have changed, and so should your TV habits. Cheng said you should consider reevaluating the cost and benefit of cable. “You may be paying for ch.