Senior News Line: Saving money in 2025

In a few weeks, those of us on Social Security will be getting an extra approximately $50 in our monthly benefit.

Minus the $10 increase in Medicare Part B, that brings the average increase down to $40 per month. How shall we spend our windfall?

If food prices are going to come down after the recent election, it won’t be instantly. We need to continue to shop carefully and get the best possible deals for our dollar. Look for senior discount days, coupons, loyalty perks and, yes, the food bank.

If you can spring for a Walmart+ membership — $98 per year, minus $20 if you’re also an AARP member — each time you shop you can end up with rewards dollars added to your account for buying certain products.

Look for other benefits such as free shipping, discounts on fuel if your local store has a gas station, access to the TV streaming service Paramount+, prescription delivery and a lot more.

For the first time in 15 years, the membership cost of AARP is going up in 2025. The new price of $20 will take effect after your current membership expires. If you extend your membership now, it will be at the current rate.

Meanwhile, take advantage of AARP’s savings and discounts on a wide variety of products and services, ranging from dining out; insurance; travel, including car rental and vacation packages; gym memberships; and so much more.

Ask your cable and internet provider for a reduced fee. It could be that by dropping down one plan level, you could save considerable money by cutting out the channels you never watch anyway.

Investigate Low-Income Home Energy Assistance Program for help with fuel and heating costs, one of our biggest expenses. Start by calling the Community Action Agency in your state or the Area Agency on Aging.