Nearly half of all seniors worry about outliving their savings, according to a survey conducted by Ipsos and The National Council on Aging. If you're one of them, finding ways to maximize your savings can give you peace of mind. These tips can help you get started growing your savings.

1. Shop Smarter

With a smart strategy, you can save money on virtually everything you buy. To get great deals:

• Compare prices in stores with prices online. Online shopping is often more affordable, especially when merchants offer free shipping.
• Sign up for loyalty programs that allow you to earn points toward future discounts and freebies.
• Take advantage of senior discount days.
• Get a credit card that gives you cash back on purchases. Use it for everyday purchases and pay the balance off monthly.
• Check out the grocery store and pharmacy sale fliers and stock up when things are discounted.
• Shop clearance sales and buy merchandise out of season.
• Stock up on gift cards for restaurants and stores that you frequent when they offer bonuses like an extra $50 when you spend $200.

2. Create a Budget and Stick to It

A monthly budget can help you manage expenses and live within your means. The Federal Trade Commission has a handy budget tool that allows you to calculate how much you need for housing, food, transportation, health, personal items, entertainment and other expenses. See how much you have left at the end of the month and pledge to save a certain percentage.

3. Sell Your Car

Owning a car means paying for gas, maintenance, inspections and auto insurance. Public transportation can lead to big savings, and seniors typically qualify for discounted fares. In Thornton, CO, seniors can get help with free and low-cost transportation for nonmedical appointments and activities. Bethesda Gardens Thornton assisted living community also offers free transportation for residents.

4. Rethink Recreational Activities

For entertainment, look for free and low-cost options. Anythink Wright Farms Library in Thornton frequently hosts special events like food tasting and guest speakers. With a library card, you can gain access to not only books but also music and movies. Many of Denver's biggest attractions like the Denver Museum of Nature & Science and the Denver Art Museum offer discounted tickets for seniors. You can also participate in a variety of programs at the Thornton Active Adult Center and the Trail Winds Recreation Center in Thornton.

5. Invest in Your Health and Well-Being

Following a healthy diet, exercising regularly and getting regular preventive care can contribute to your health and well-being to potentially lower your ongoing health care costs. You can also find ways to save on your current medical expenses. The Colorado Department of Health Care Policy & Financing has a complete list of local pharmacy, patient assistance and discount prescription programs that can make the cost of refilling drugs more affordable.

6. Seek Assistance From a Financial Adviser

Many seniors mistakenly believe that only the wealthy need a financial adviser. Actually, anyone with retirement savings may benefit from expert advice. A knowledgeable professional can analyze your complete financial picture and make recommendations on how best to invest your money to maximize your savings. The CFP Board can help you find local Certified Financial Planners (CFPs). Contact more than one, and be sure to ask for references before hiring a CFP.

7. Automate Bill Payments

Late fees on bills can quickly add up. You can avoid late fees and save money on stamps by switching to automatic payments. Some utility companies and cell phone providers even offer discounts for enrolling in auto-pay, and you can typically sign up quickly online or by phone.

8. Go Green

Going green isn't just good for the planet; it can also save you money on utilities. LED light bulbs use 90% less energy than incandescent bulbs and can last up to 25 times longer, saving you money on replacements. Turning your thermostat back just 7° to 10°F per day can lower your annual heating and cooling expenses by up to 10%. Also, look for ENERGY STAR-certified light bulbs, appliances and computers that consume less energy.

9. Discover the Fun of Thrifting

Retailers and online stores aren't the only places to shop. Resale and thrift shops are great places to find deals. These stores don't just sell apparel, shoes and accessories. Many also have housewares, holiday decorations, furniture, books and media. With inventory constantly being updated, thrift shops offer the fun of discovery every day, and some give extra discounts to older adults. For example, Goodwill of Colorado offers a 15% discount for people aged 55 and older every Wednesday.

10. Downsize Your Home

Selling your home can provide money for savings and spare you the expense of ongoing maintenance. Bethesda Gardens Thornton offers a variety of assisted living apartment floor plans, so you can find one that best fits your needs. Call today at (866) 952-9160 or contact us online for more information.