8 ways to help maximize your retirement savings

An older couple relax together in the park.

Even though you might’ve adjusted to not going to work each day, you might miss getting your paycheck. Here’s a look at what you can do to help make the income you’ve saved stretch a little farther:

1. Develop a grocery shopping strategy

Before you go grocery shopping, decide in advance what meals you’d like to eat. Knowing what you’re going to make may help you avoid impulse buys at the grocery store. When shopping, keep an eye for the generic label or in-house grocery store label. If you use coupons or join your favorite store’s loyalty program, it may help you save even more.

2. Plant a veggie or herb garden

Planting a garden this spring is a terrific way to get some exercise, fresh air and trim your grocery bill. If you don’t have a large outdoor space, you could use pots or plant at a community garden.

3. Dine out differently

Treat yourself to your favorite restaurants, but do it with a twist. Going out for lunch is generally less expensive than going out to dinner. For even more savings, check out the restaurant and bar’s happy hours near you to help save on appetizers and drinks.

4. Take advantage of senior discounts

From restaurants to hotels to grocery stores to retail stores, many businesses offer senior discounts. The age requirements vary, but typically range from 50 to 65 years old. Not every business advertises their discounts, so don’t be shy about asking.

5. Analyze all your memberships and fees

Get rid of all the subscriptions and memberships you don’t use. Keep in mind that some might be renewing automatically.

6. Go DIY on gifts

Holidays, birthdays, anniversaries—gift after gift, it all adds up. You may be able to save this year on gift-giving by sending a card, a bundle of herbs from your garden or your famous butterscotch cookies.

7. Save on utilities

According to the U.S. Department of Energy, lowering your thermostat on your water heater by 10°F can save you up to 5% in energy costs.1 And repair those leaky faucets! According to the DOE , a “leak of one drip per second wastes 1,661 gallons of water and can cost up to $35 per year.”

8. Enroll in SilverSneakers

Included on most Humana Medicare Advantage plans is a health and fitness program designed for people with Medicare. It’s called SilverSneakers® and more than 15,000 U.S. fitness centers participate in this program. To see if your plan includes this benefit, check your plan’s summary of benefits or contact Humana customer care at the number on the back of your Humana ID card.

Learn more about SilverSneakers

To enroll in SilverSneakers® by phone, call 888-423-4632 (TTY: 711), Monday – Friday, 8 a.m. – 8p.m.


  1. “Reduce Hot Water Use for Energy Savings,” U.S. Department of Energy, last accessed December 9, 2021, https://www.energy.gov/energysaver/reduce-hot-water-use-energy-savings.
  2. “Do-It-Yourself Savings Project: Lower Water Heating Temperatures,” U.S. Department of Energy, last accessed December 9, 2021,https://www.energy.gov/energysaver/do-it-yourself-savings-project-lower-water-heating-temperature.