Seniors need to be wise about spending their retirement money. It doesn’t mean that upon retirement, you are entitled to spend everything your nest egg holds—that might have worked years ago but certainly not now and not in the near future either. It seems that the best thing to do now is to find ways to “supplement” your retirement fund so you can live comfortably by it. Here are some simple tips on how to grow your retirement money or make some extra bucks while retired:
•    Downgrade and sell stuff. Now that your kids have flown away from the nest you so fondly call “home”, you no longer need a 5-bedroom house—besides, you may notice how managing such big house becomes a pain. Sell everything you no longer need and earn some extra cash in the process.
•    Find a part time job. Just make sure that it is something you truly enjoy and won’t tire you much. Ideally, get a part time job that you can do on your spare time so you can still enjoy your retirement without work interfering with it.
•    Review your investment options. But please proceed with caution as there are many risky investment schemes offered as well. Contact your broker and ask about the best—but safe—options for your retirement money. The same goes for banking. Shop around for higher interest rate.
•    Take advantage of rewards and rebates your credit card offers. Nowadays, most credit cards offer rewards or rebates programs wherein points are automatically credited to your credit card upon usage.
•    Rent parts of your house. If it’s impossible for you to sell your big house, opt to rent some portions of it instead. It can be a room off the back of the house or your garage if you are disposing one of your cars or even your storage room for those who need an extra space.
•    Sell your produce. Organic produce are ever so popular nowadays, and they cost extra expensive as well! If you do well in gardening, why not try selling your produce too? It will definitely be a hit among your neighborhood and you earn an extra which is the most important part of all.
•    Bake and sell. Like baking? Or even cooking? You can sell them especially during special occasions like wedding, simple get-togethers and whatnot. For this, you can advertise over local newspapers or put up your own online store.
•    Use senior discounts whenever possible. You’ll be amazed on how much you’ll be able to save if you avail these discounts. You just have to ask.