Welcome back to our blog page for our Hiram-area assisted living and our Hiram memory care community. We’re all feeling the pinch of rising costs due to inflation, but seniors are even more likely to worry about rising costs. Saving for retirement and closely managing your expenses are wise choices, but how do you ensure your money goes further when costs are at a 40-year high?
Make Smart Investments
Experts recommend adjusting your budget, cutting back on unnecessary spending, and making changes to your investment strategy. Small changes can make a big difference. Consider driving less to save on gas, postponing a vacation, and making lifestyle changes to stretch your retirement dollar.
Does your current home need costly repairs or maintenance? Are food, gas, and health care costs becoming too much to manage?
You may also be thinking about the costs associated with updating your home to make it more accessible. As you age, it may be more challenging to get up and down those flights of stairs or get in and out of your existing tub or shower.
HomeAdvisor reports that you could expect to spend $10,000 – $15,000 on average to update a bathroom and up to $50,000 to update a large master bathroom. Now could be a great time to consider the value that senior living offers.
Consider the Value of Senior Living
Forget about the costs of maintaining a home, updating it to fit your lifestyle, or making costly repairs. With stylish assisted living and memory care apartments, you pay one monthly rate—and your living expenses are included. From meals to housekeeping, activities, and even scheduled transportation, it’s all taken care of. Your senior living and memory care community comes complete with:
- Passionate care staff to cater to your needs
- Chef-quality dining
- Housekeeping and personal laundry service
- Clubs and activities to fill your calendar
- Landscaped grounds and inviting common areas
- Community events and excursions
- Amenities that make life feel like a permanent vacation
Fighting rising costs doesn’t have to be daunting for seniors. Making wise investments in your care and lifestyle can have huge benefits now and in the future. Choosing assisted living at Manor Lake or Memory Care living here at Manor Lake means putting your health, wellness, and lifestyle preferences first. It’s also a great way to save on home costs with one affordable monthly rate.