Avoid the financial trap of timeshares with their ongoing maintenance fees and inflexible schedules.
High depreciation and maintenance costs make luxury cars a poor investment for retirees.
Opt for term life insurance; whole life policies can be expensive with limited benefits.
They often cost more than potential repairs, especially for electronics and appliances.
Opt for mid-range gadgets that meet needs without the premium price.
Save money by borrowing from libraries or purchasing used books.
Many community centers offer free or discounted fitness programs for seniors.
Switch to streaming services or basic cable to save on entertainment costs.