Simplifying your Finances for Seniors

Trying to survive in this fast paced world seems to be the motto for most of us, but that very mindset is what keeps us from truly preparing and managing our finances for the future. We all could use some financial tips, but for those that are already in their later years, managing their money as a senior citizen can be a very daunting feeling, especially for those that did not plan before they reached retirement.
When getting your finances in tip top shape, your first order of business should be to safeguard your important documents. Always make copies of important documents, put the copies in a safe place that you may have easy access to, and then put the originals in another safe place. What are important documents? Important documents could be a number of things, but most commonly they are your (social security card, pension records, insurance policies, and brokerage accounts).

Stop the procrastination, go head first and deal with the difficult topic of your will, the sooner you do it right the first time, the quicker you can get on with enjoying life to its full potential. What kind of medical treatment are you ok with receiving or what kind of medical treatment are you dead against? Who will inherit your real estate? Who will inherit your savings accounts? These are just some of the question you need to tackle with writing your will. Of course, when writing a will make sure to see an Attorney who specializes in this area.

Get up to speed with the times, there is no reason for you to have to wait in line at your local bank to deposit your pensions or social security benefits. Take the effort and set up direct deposit with your bank, this will save you time and hassle in the future. Since your reading this article, you do have internet access. Pay your bills online, it’s very easy, just simply contact your creditors and ask for their website address, most creditors now a days make it very convenient to pay online.

Stop holding onto your old documents that are non-important, for some reason we have the tendency to hold onto every bill or bank statement we have received from the beginning of time, we really do not need to do this anymore, unless it is a receipt that you must keep until the warranty expires, just shred all the non-important stuff.

Never stop be cautions, as we see on TV all the time fraud is rampant, and sad to say senior citizens are usually the major targets, so as mentioned before keep your important documents in a safe environment, also never give out your social security number or credit card numbers over the telephone, as that is usually how most frauds start.

Senior citizens living in Nevada, can contact the Consumer Credit Counseling Services of Nevada for free consultations, the CCCS of Nevada offers counseling for debt management. This is a great place to get free information.