Stretch fixed incomes further with these money-saving tips

PRIME – April 2014 By Jason Alderman www.twitter.com/PracticalMoney We all love a good bargain, no matter what our age. But if you're a senior citizen on a fixed income, finding discounted goods and services can mean the difference between making ends meet and going without. The good news is that tons of senior discounts are available – often for people as young as 50. One caveat right up front: Although many senior discounts are substantial, you sometimes can find better bargains – especially on travel-related expenses like airfare, hotels and rental cars. So always do your research first before requesting the senior rate. Here's a roundup of some of the best senior discounts I've found: The AARP advantage. An AARP membership costs only $16 a year for anyone 50 years of age and older, including free membership for spouses or partners (www.aarp.org). AARP's discounts website features discounts on dozens of products and services including rental cars, hotels, restaurants, clothing and department store chains. AARP also offers an inexpensive driver safety course for drivers over 50 (members and nonmembers alike) that can lower auto insurance premiums by up to 10 percent or more. Popular AARP discounts include: • A 20 percent discount on installation or upgrades to ADT home security systems. • A 45 percent discount on membership to Angie's List. • A 20 percent discount on purchases from 1-800-FLOWERS.com. • Up to a 25 percent discount on car rentals from Avis and Budget. • Up to a 20 percent discount at many hotel chains including Hyatt, Hilton, Wyndham, Best Western, Days Inn and Ramada, among others. • A 10 to 20 percent discount at many restaurant chains, including Claim Jumper, Denny's and Outback Steakhouse. • A 15 percent discount on many Geek Squad services from Best Buy. • A free 45-minute consultation with an Allstate Legal Services Network attorney, as well as a 20 percent discount on member attorneys' fees. Online senior discount sites. A quick Google search will uncover numerous other senior discount resources. One popular site is SeniorDiscounts.com, an online directory of more than 220,000 U.S. business locations that offer discounts to people 50 years of age and older. Registration is free, although they also offer a $12.95/year premium that offers members-only discounts and other perks. Other good sites include Brad's Deals, Sciddy.com and Savvy Senior. More discount options. Other commonly available senior discounts include: • A 15 percent discount on the lowest available rail fare on most Amtrak trains for travelers over age 62. • Greyhound offers a 5 percent discount on unrestricted fares for those 62 years of age and older. • Southwest Airlines offers senior fares for those 65 years of age and older Although not necessarily their lowest available rates, Southwest's senior fares are fully refundable. • The U.S. Geologic Survey senior pass, available for those 62 years of age and older, provides free lifetime access to more than 2,000 government-managed recreational sites (including national parks), as well as discounts on camping and other amenities. Senior passes cost $10 in person or $20 by mail (http://store.usgs.gov/pass/senior.html). • Verizon Wireless offers discounted mobile phone service for subscribers 65 years of age and older. • Both Walgreens and Rite Aid offer monthly senior discount days for members of their rewards programs when most non-prescription items are 15 to 20 percent off. Ask your neighborhood pharmacy if they offer similar programs. In addition, many restaurants, department stores, movie theaters, museums, theme parks, banks, credit card issuers, utilities (including gas and electric, water, garbage, telephone and cable) and other businesses offer special discounts or promotions for seniors. Always ask before your purchase is rung up. Bottom line: Abundant resources are available to help seniors save money on purchases large and small. You just have to do a little research – and ask whether senior discounts are available. Remember, 10 percent here and 20 percent there can really add up. Jason Alderman directs Visa's financial education programs. For more information on the organization and the free financial literacy services it offers, go to www.practicalmoneyskills.com. This article is intended to provide general information and should not be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.