Living on a Fixed Income

Living on a Fixed Income

Join this free session from the Credit Counseling Society to gather tips on ays to decrease expenses, identify people and activities that may be costing money, and learn how to read the signs when more help may be needed.

Description

Living on a Fixed Income is challenging. The nature of fixed income offers little or no flexibility, while the cost of living continues to rise, month by month, year after year. Sources of fixed income can include but aren’t limited to pensions, income assistance, or disability benefits.

Living on Fixed Income may mean the ability and capacity to earn additional income is limited and sometimes, this may mean that living expenses are supplemented with credit. In some situations, while living on a retirement income, we may also be helping or supporting a family member or a friend. This can sometimes create a downward spiral of financial stress and anxiety.

All of this being said, there is hope. In the Living on a Fixed Income workshop/webinar, you will learn how to:

  • Identify the challenges of living on a fixed income
  • Take stock of your unique financial situation (your income, assets, liabilities, debts, and monthly expenses)
  • Identify ways to increase your income
  • Identify ways to decrease your expenses
  • Identify ways to save money on the following:
    • Housing (e.g. cheaper rent, shared accommodations, location)
    • Transportation (e.g. using public transportation, getting discounts, etc.)
    • Health (e.g. using generic medication, getting samples from the doctor)
    • Food (e.g. coupons, sales, community resources and markets)
    • Utilities
    • Entertainment
  • Recognize if friends and/or family are costing you money
  • Say no to family and friends who may be costing you money (non-emergency related costs)
  • Find ways to save money in general
  • Look at your options for talking to a professional
  • Recognize signs that you may need more help

The 60 minute session is interactive and fun! Participants explore ways to decrease expenses, identify people and activities that may be costing money, and learn how to read the signs when more help may be needed. We take a “grab and go” approach – grab an idea or two and go try it. All participants will walk away with ideas, resources and the full curriculum upon request.

 

This workshop is conducted by the Credit Counseling Society of BC.

For inquiries about this course, please call  1-888-527-8999 or go to https://nomoredebts.org/

 

 

 

Prerequisites

There are no prerequisites for this session. 

Who Should Attend

Anyone who is seeking a better understanding of how to manage their money.