1. Relocate in order to reduce the cost of living
This is the approach of many Americans who look to live on Social Security alone. And they are right – this can be a good strategy. There are a lot of seniors who, as soon as they retire, will look to relocate to a new state that has a friendlier cost of living.
But this doesn’t always have to mean that you need to move across the country or across the state to find a better place. Sometimes you can just relocate to the rural areas that surround your city. Rural areas are generally cheaper than the big urban centers.
If you want to move, be sure to check where the closest stores are. In this way, you can save on travel expenses and other transportation costs. Make sure that stores and other places that might be important to you are nearby.
