I’m beginning to sound like every retirees’ nightmare who live on a fixed income. There’s only so much money coming in and I have to deal with all these constant rising costs. Unless you are going through this revelation yourself, you really don’t understand nor comprehend what I am writing about. I heard a financial expert the other day state that the rich aren’t feeling any of this inflation pang. Why? They have the money to keep paying the increases. The only thing that changes for them is that they have less money to put away into their savings accounts. When you’re retired and on a fixed income (or a low income) and combating inflation, you don’t really have the opportunity to either put money away in to a savings account nor withdraw much from a savings account either.
My dog likes to have chopped turkey along with her daily dose of kibble. At the new, inflationary $5.29 price per pound, it’s not going to be doable any longer. I’ve switched my doggie to a cheaper mix of chopped turkey at $1.89 pound. Even my little pooch has to submit to the inflation sacrifices we all are making.
As I’ve mentioned before in a previous post, for some reason, all my extra expenses appear to be colliding this month of November. I had some serious eye pain and had to go to an ophthalmologist for an eye exam. Thankfully the exam was covered under my Medicare insurance. The eyewear however, is not. Luckily my two frames are still new because I’ve hardly worn them these past 2-3 years. (I used one of the frames in my blog cover photo) I paid $95 for both of them at an optical store in Florida. The optician who is filling out my RX said they’re practically brand new. The costs, however, for the lenses is a shocker. The main pair I use for daily use is a bifocal with a blue protective coating to protect my eyes from computer and iPhone glare. Those lenses, at a senior discount will set me back $200. The lenses for my bifocal sunglasses came to $110. Ouch. Throw in hubby’s new RX at $150 (he has his own frame) and we now owe our local optical store the sum total of $460. This is insane.
What’s a retiree on a fixed income to do? Medicare supplemental insurance doesn’t properly cover medical eye expenses. You still wind up paying some of the medical costs as well as the expensive insurance costs. In the past hubby and I had both our exams and RXs filled at a Walmart. I heard that Costco is very good. But this time around both DH and myself are having eye trouble and we thought it was best to go to a more professional office and get better quality eye care. (yes, Walmart and Costco sell inferior, cheaper products which can cause severe eye injury which is what I think happened to me, thus my eye pain)
Our doggie’s annual vet visit is this month. That should set us back another $150 to $180. Lastly, we want to top off our propane tank now before the cold weather sets in and the prices accelerate. We estimated we need 150 gallons @ $2.89 a gallon equals a cost of $433.50. It’s been two weeks already waiting for the fill up. I’m certain the price has gone up again as we wait for our delivery.
Thank the Lord our daughter is hosting Thanksgiving dinner this year. I don’t even want to think of that cost as everyone is stating this year’s holiday meal is going to be the most expensive one in American history!
As retirees on a fixed income, once we pay ALL of our monthly bills, we have $1400 left over to cover food, gas for the car and other day-to-day necessities. We put money away for our pet’s vet bill but we weren’t prepared for the higher-than-usual medical costs. Faced with approximate unusual expenses, as listed above, at $1075, we are going to do what every retiree is most fearful of: we are going to forgo normal monthly grocery shopping in order to pay our upcoming additional expenses. We can only do this because we already have a stockpile of food. All we need would be fresh produce, fresh fruit, dairy and bread to supplement our stockpile and we should be good to go. As I’ve always stated, we’re still too early in our retirement years to tap in to our savings at this time. Also, DH starts his new, seasonal job next week and we have no idea when he’ll get paid. We’re hoping to save most, if not all of his 8 weeks of seasonal work income.
What’s the message in all of this? In my estimation, I think we’re going to have three more years of run-a-way inflation. We’re going to have to come up with constant innovative ways to combat this man-made disaster. The best thing IMHO for you and I to do is to take care of our health first. Don’t skimp on medical care for yourself (or your beloved pet). If you do, it’ll cost you in the long run. Take your meds, take your vitamins and get out and exercise almost every single day. Take a walk. It’s free. Stay close to your family and friends. It’s perfectly alright to kvetch about inflation to your fellow retirees. They understand. Somehow we feel better after we complain. At least I do. As long as I know I’m doing the best I can, making decisions that will work out for us in the long run, I’m hopeful for the future. This isn’t my first rodeo with super high inflation but it most certainly will be my last.
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