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Blogging in Place

How Silver Surfers Are Using the Internet to Save Money

Jan 07 2019

By Jess Walter


Photo by Thomas Lefebvre on Unsplash

Around 42 percent of adults aged 65 and older now report owning smartphones, and internet use among this same group has also risen substantially with 67 percent of seniors reporting to routinely logging onto the internet. While silver surfers, as they’ve been deemed, log on for a variety of reasons, few seem to have totally mastered the art of using the internet to make life easier and do things such as save money. However, as older adults continue to learn about the many benefits of integrating technology into their everyday lives, they are learning about how they can leverage the internet to help them enhance their financial status as well.

Online Shopping is More Trustworthy

Whereas it was once a little mistrusted, online shopping is quickly growing in popularity amongst older adults looking to save money on their online clothing and grocery purchases. Online shopping can generally be cheaper than shopping in-store as retailers don’t have to pay as much to keep an online shop running and can cut their own costs. Factor in free shipping, endless online coupons available and the ease factor of never having to leave home, and it’s the perfect way for older adults to save while still receiving their daily essentials. Grocery delivery, for example, can help you cut down on the amount of gas used to get to and from the store while also helping you easily browse the options for the cheapest item from the comfort of your own home.

Accessing Better Prices for Insurance 

Whether browsing for life insurance, medical insurance or even car and home insurance, older adults are slowly warming up to the idea of comparing policies online in order to get the best deal for their needs. Long gone are the days when you had to call around to get the best price on an insurance policy. Now, the internet provides you with space to compare and contrast exactly what you need before buying. Not only will you be able to compare policies, but simply by using the internet, you might be eligible to receive a lower price. That’s right, insurance companies will often give you a discount or at least do away with payment fees simply by signing up for the electronic funds transfer (EFT) method. 

E-Communication Shouldn’t Be Overlooked

From Skype calls to e-cards that can be sent out to grandkids, the internet provides silver surfers with a way to communicate with their loved ones without having to really pay a dime outside of their normal internet fees. Silver surfers can do away with their landline in favor of downloading Skype and calling for free to cut costs and then use e-greetings websites to save big money on buying and sending cards for every birthday, holiday and special event. These savings can be applied to pretty much any area of communication as you can access so many things for free online, such as your daily news fill. According to the U.S. Bureau of Labor Statistics, people spend between $61 to $97 annually on newspapers and magazines, which is a cost that older adults can cut by relying on the internet for their news and information.

Using Technology to Age in Place

As technology continues to advance to allow for more innovations that make life easier, silver surfers will continue to benefit from the changes. From smart home technology that eases security concerns and facilitates a smoother in-home care process to lower prices for online shopping, technology and the internet are allowing older adults to age in place and do so in style and under budget.