The last thing you want to do on a fixed income is max out your budget, because you have fewer resources to pay down debts. A regular Social Security check shouldn’t be encouraging you to put money on a credit card where you’ll be carrying a balance.
Instead, determine how much you can safely draw from your investments, and then add that number to your Social Security benefits. The goal is to refrain from going over the combined amount.
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2 thoughts on “8 Ways People Waste Their Social Security Check”
james Honnold died 07-10-2019
I think you made all good points on this article. I still work and i got my social security at full retirement age. I use it to pay my rent. Is this a good idea.
Thanks