8 Income Ideas for Seniors Struggling with High Living Costs

May 8, 2025 - Genie Editor

Top 5 Offers

Freedom Debt Relief - Ask this Company to Pay off your Debt
Insurify - Cut $1,025 From Your Car Insurance Bill — In 5 Minutes
Choice Home Warranty - Stop paying contractors upfront for home repairs until you try this!
HomeTap - Crush Debt Without a Second Job—Tap Your Home for Fast Cash
T-Mobile 5G Home Internet - Paying Too Much for Internet? Do This to Get It for $35/Month

Stashing away $1,000 is a big win — especially if you’re on Social Security or a tight budget. Now’s the time to make it work for you. Whether it’s starting an emergency fund, paying off bills, or cutting monthly expenses like groceries or prescriptions, these tips will help you stretch your money and feel more secure.

The Savings Genie is reader-supported. We may receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers.

1. Ask this Company to Pay off your Debt

Drowning in debt? Every month you wait makes it worse — more interest, more stress, and fewer options. If you’re carrying over $20,000 in credit cards, personal loans, or medical bills, it’s time to hit back.
Freedom Debt Relief could help slash what you owe and roll your debts into one low monthly payment. No upfront fees. No hidden tricks. You only pay when your debt gets resolved.

Many clients find relief in as little as 24–48 months — and the first step takes just 30 seconds. Answer a few quick questions and see if you qualify.

Check Your Eligibility Today

2. Cut $1,025 From Your Car Insurance Bill — In 5 Minutes

If you haven’t shopped around for car insurance lately, there’s a good chance you're paying too much — and your insurer is hoping you never notice.

Skip the hassle of checking dozens of sites, Insurify lets you compare quotes from top providers in one place. It’s fast, free, and users save up to $1,025 a year. Just answer a few quick questions about your car and driving history.

Insurify will show you personalized rates in minutes — no phone calls, no junk emails. Just real savings and a 4.7-star Trustpilot rating to back it up.

Compare My Quotes — It’s Free

3. Stop paying contractors upfront for home repairs until you try this!

It might sound unbelievable, and maybe your skeptical, but your probably curious. Choice Home Warranty could help you save hundreds on home repairs!

They’ve been around since 2008, so they’re a trusted name, offering affordable plans to cover your home’s appliances and systems that might fail due to regular wear and tear. Picture this: Your air conditioning unit breaks down during a heatwave. Instead of paying $1500 for repairs, you could let Choice Home Warranty handle all your covered home repair bills. They even have a nationwide network of 25,000 plus technicians.

This could save you a lot of money in no time! Sign up for a plan here and take advantage of Choice Home Warranty's limited-time offer to lock in their low 2024 rates - even in 2025! They’ll even give you 1 month for Free! When something covered in your home breaks, simply submit a claim online or call their 24/7 customer service. Don’t miss out! Secure these special rates before they’re gone!

Sign Up Now

4. Crush Debt Without a Second Job—Tap Your Home for Fast Cash

I get it—watching your credit card balances climb while you’re doing everything to stay afloat is exhausting. That’s where Hometap comes in: it turns your home equity into upfront cash, no loan, no monthly payments—just real relief to finally knock that debt down.

Hometap lets homeowners access their home equity without taking out a loan or making monthly payments. Instead, it offers a home equity investment—a lump sum in exchange for a share in the home’s future value. Homeowners can receive up to 25% of their home’s value (up to $600,000) and have 10 years to settle, usually by selling or refinancing.

How it works:

Check eligibility – Must own a qualifying home, have 25%+ equity, current on mortgage payments, a 500+ credit score, and live in one of these states:
AZ, CA, FL, MI, MN, NV, NY, NJ, NC, OH, OR, PA, SC, UT, VA, WA.

Request an estimate – Share basic info to get a preliminary offer.
Apply – Complete the application and schedule an appraisal ($299–$1,000).
Sign and close – Review terms and pay ~3.5% in closing costs.
Receive funds – Get cash in days.
Settle later – Repay via refinance, buyout, or home sale.

Ready to unlock your home’s potential?
Apply Now

5. Paying Too Much for Internet? Do This to Get It for $35/Month

Looking for an easy way to cut your monthly expenses? One of the smartest places to start is with your internet bill. Many people are paying too much—locked into high rates and contracts that don’t make sense anymore.

But thanks to T-Mobile’s 5G Home Internet plan, you can now get reliable high-speed service for as little as $35/month with AutoPay and a qualifying voice line.

Even better? New customers can receive a $100 prepaid gift card just for signing up.

Enter your address and phone number to check availability in your area. No contracts, no equipment fees, and setup takes minutes!

Sign up for T-Mobile Home Internet – $100 Gift Card Included!

6. Get Personal Loans up to $50,000

*This is an ad.

Imagine waking up one step closer to your next financial goals. Using this site could be your first step.

Need a loan now? You may qualify for up to a $50,000 loan in just days by answering a few simple questions on this site. NerdWallet helps thousands of people find the personal loans they need—from debt consolidation to home improvement and everything in between.

Use this tool to get matched with loan options faster than ever. Here’s how to get started:

1. Visit our link and choose how you plan to use your loan
2. Then, answer a few questions about yourself (name, email, etc.)
3. Get your personalized loan results in minutes!

This tool connects you with lenders quickly—so you can take the next big step toward your financial goals.

Get the Loan You Need Today

*Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates.

*NerdWallet Compare, Inc. NMLS 1617539, https://nmlsconsumeraccess.org/
CA Fin. Lender loans per DFPI Fin. Lenders Lic 60DBO-74812