The Zero-Sum Budget: The Essential Tool Every Senior Should Know

Step 1: Write Down Your Monthly Income

The first step is to figure out exactly how much money is coming in each month. For many seniors, this might include:

  • Social Security checks

  • Pension payments

  • Retirement account withdrawals

  • Part-time work or side income

  • Any rental or investment income

For example, let’s say you bring in $2,500 a month between Social Security and a small pension. That’s your starting point.

See also:  What Is a High-Yield Savings Account? (And How It Can Change Your Life)
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Picture of Sierra Callahan

Sierra Callahan

Picture of Sierra Callahan

Sierra Callahan

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