ADVERTISER - Solanco Edition -
townlively.com
Tips For Seniors To Lessen Their Financial Load - Pay in cash. It’s not enough to simply pay off unsecured debt like consumer credit. It’s also important to stop accruing additional debt. Individuals over 50 should resist the temptation to use their credit cards, instead paying with cash or debit cards. Credit card debt is often characterized as a problem for young consumers, but a 2021 report from ValuePenguin found that the median credit card debt among individuals between the ages of 55 and 64 was higher than it was for consumers ages 35 to 44. Paying in cash, whether it’s with paper currency or a debit card, ensures you’re not digging yourself into debt. - Re-examine your housing situation. Adults 50 and over who purchased their home in their late 20s or early 30s are likely nearing the maturity date on their mortgages. If so, paying a little extra
toward the principal each month will help to pay off the mortgage a good deal earlier than paying the same amount you’ve been paying for years. Although paying extra money each month may not seem like reducing one’s financial load, it will do so considerably over time. For example, the financial experts at Wells Fargo note that individuals with a fixedrate mortage loan of $200,000 at 4% can cut the term of that loan by more than four and a half years by paying as little as $100 extra each month toward their principal. Homeowners over 50 who have already paid off a significant percentage of their mortgage loans could bring these loans to maturity much sooner if they start paying more toward principal now. Since housing costs are many people’s greatest expense, removing a mortgage payment from your financial ledger by the time
Friends from pg 10 thought to their interests outside of work or passions they hope to pursue now that they have more time to commit to such pursuits. The more interested a person is in a given activity, the more likely he or she is to stick with it and possibly meet like-minded individuals who may become friends. - Utilize social media. In years past, men and women over 50 may not have had readily available tools to reach out and connect with new people. Social media has made it easier to build such connections. Even the most obscure passions likely have a social media group of locals devoted to them, and these groups can be great ways to meet new people. A local runners’ club may have its own social media accounts, and local governments and community groups often share information about sports leagues and other groups via social media. - Sign up for group outings. Communities often sponsor group outings to museums, theatrical productions, sporting events, and more. Signing up for a bus trip to a local museum presents a great opportunity to meet people who share one’s interests, providing the potential to build lasting friendships. - Broaden your horizons. Just because people are in
their 50s does not mean their friends have to be. Friends come in all ages, so don’t hesitate to invite younger or older acquaintances and colleagues over for dinner or on week-
end excursions. Making friends after 50 can be challenging. However, various strategies can help people in this age group to connect with new people.
you reach 55 could create significant financial flexibility as you get closer to retirement. Individuals over 50 can utilize some simple yet effective strategies to reduce their financial obligations as retirement nears.
School District Recognizes Retirees
Solanco School District’s 2022 retirees are (front, from left) Jeff McCardell, Jo Ann Sweigart, Brenda Smith, Melissa Evans, (back) John Kump, Todd Silimperi, Sharon Musselman, Judy Argue, and Linda Robinson. They represent more than 222 years in education. They were recognized by their principals at the May 2 board meeting.
SINGING SPRING FOODS Fresh Florida Watermelon New Jersey Blueberries Cantaloupe - Pineapples Oranges - Lemons Grapefruit
Specials Monday, July 4th thru Wednesday, July 13th While Supplies Last
FISHING?? CHECK OUT OUR CORNER OF LIVE BAIT & SOME FISHING TACKLE SUPPLIES Royal Oak Charcoal - 25 or 40 Lb. bags sold by the piece or pallet
Not sure how to go about ordering for your Fundraiser - Check in for our Fundraiser Supplies Sub & Sandwich – BBQ Chicken
STOCK UP FOR CANNING! 10% OFF BALL LIDS – wide mouth & regular & GOLDEN HARVEST QUART JARS WHILE SUPPLIES LAST
Refrigerated Unsalted Butter Quarters .............Lb. $2.99 Land O Lakes Sliced White American .................... 5 Lb. $12.99 Shredded Mozzarella ............ 5 Lb
$
14.99
Grocery Aisle Post Honey Comb Cereal ....... 12.5 Oz. 2/$5 Graham Cracker Pie Crusts ....... 9 Oz. 2/$3 Mini Marshmallows ..................... 7 Oz. 4/$3
Frozen Foods Best Yet Ice Cream Sandwiches .......... 12 Ct. $3.99 Baskin-Robins Milk & Cereal Ice Cream ....3 Gal. $15.99 Lindy’s Root Beer Italian Ice ... 6 Ct. $2.99
PLACE AN AD IN THE
CLASSIFIEDS ONLINE 24/7: HSFFODVVLƓ HGV FRP
Call: 1.800.428.4211 or 717.653.9848 M-F 8:00 a.m. - 4:30 p.m. Mail: EPC/CLASSIFIEDS P.O. Box 500, Mount Joy, PA 17552
Olive Garden Italian Dressing .................. 2-24 Oz. $2.99 Hershey’s Chocolate Syrup ....................... 24 Oz. 2/$5 Dole Crushed Pineapples ..............8 Oz. 99¢
Wild Alaskan Pollock Fish Sticks ............. 12.7 Oz. $1.99
July Bulk Foods
3/8” Cut Unseasoned French Fries ........5 Lb. $4.49
Tropical Fruit Salad .....................Lb. $6.19
Old Fashion Apple Pie ..................4 Oz. 79¢
Oat Bran Sesame Sticks .............Lb. $2.99
NOW AVAILABLE Natural Himalayan Bath Salts Relaxes and calms muscles. Also eases aches and pains!! Pink Himalayan Salt Various grinds - 55 Lb. Bag @ $70.00 or 25% off lesser amounts
Deli Department Lemon Pepper Turkey Breast ......Lb. $3.99 Garlic Herb Turkey Breast ...........Lb. $3.99
1300 Georgetown Rd. Quarryville, PA 17566 Mon.-Tues.-Wed. 7:00am-6:00pm Thurs. & Fri. 7:00am-8:30pm Sat. 7:00am-4:30pm, Closed Sun.
610-593-6577 ATM NOW AVAILABLE IN OUR STORE!
GIFT CARDS NOW AVAILABLE
R085762
By the time people reach their 50th birthday, many have begun to imagine what their life in retirement may look like. People may seek ways to reduce their financial load in anticipation of the day when they will no longer work. Cutting back need not be complicated, and the following are some simple ways for individuals to save money. - Address unsecured debt. Unsecured debt, which can include credit card balances and medical bills, tends to carry higher interest rates than debts that carry a collateral requirement. According to the Federal Reserve, roughly 12.5% of individuals over 50 still have student loan debt, which is another type of unsecured debt. If possible, people over 50 should pay off these debts immediately or make their best effort to pay extra each month so the debts are paid off as soon as possible.
July 6, 2022 - 11
