Today a lot of people over 60 are racking up a lot of debt. And not just ordinary debt, but credit card debt. Check out the story at ABC news.

Why has this happened? Well there are a number of reasons. Here are some:

• not planning for retirement
• poor health
• economic crisis.

While we may not be able to anticipate when an economic crisis may occur (although the signs are clear for those who can read them) we can plan for our future. Part of the planning not only involves saving for retirement but also making sure that you are healthy today. Your health can have a big impact on your expenses in the future.

What then should you do? The first thing would be to eliminate stress in your life.  Stress can cause serious health problems from cardiovascular diseases to mental health issues. Eliminate stress by practicing some form of meditation ir yoga. It may even be taking time to enjoy nature.

Next you should look at what you eat and the health benefits or risks of the food/drink you consume. Eating healthy can not only ensure that you have a great body, but can also have an impact on your brain.

You should also add some sort of exercise routine to your day…it may be walking, running or going to the gym. Whatever works for you at the lowest possible cost.

And finally you should give your body time to rejuvenate by getting at least 8 hours sleep per night.

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Tags: credit card, retirement, saving
Filed under: Frugal Tips