Unlocking Your Savings Power at 50
Turning 50 is a significant milestone, and it also marks the beginning of a period where you become eligible for a wide array of discounts. While some senior-specific benefits don't begin until later, many opportunities to save start right at age 50. Taking advantage of these perks can significantly impact your budget, freeing up more money for travel, hobbies, and other life goals.
The AARP Advantage: A Membership That Pays for Itself
One of the most valuable resources available to you once you turn 50 is the American Association of Retired Persons (AARP). AARP offers a membership for just $16 a year, providing access to a vast network of discounts and benefits. Many of the deals you'll encounter are facilitated through an AARP membership, making it a wise investment. The savings on travel, dining, and other services can quickly offset the cost of membership.
- Travel Discounts: AARP members can secure special rates on car rentals from companies like Avis and Budget. Major hotel chains, including Best Western, Marriott, and Wyndham, also provide exclusive discounts for AARP cardholders. Savings can also extend to cruises and vacation packages through the AARP Travel Center powered by Expedia.
- Dining Deals: Many popular restaurant chains offer discounts for AARP members. Brands like Carrabba's Italian Grill, Outback Steakhouse, and Denny's participate, typically offering 10% to 15% off your bill.
- Retail and Tech Savings: Your AARP membership can also get you deals on technology and retail. For example, members can receive discounts on specific wireless phone plans from carriers like Consumer Cellular and potentially save on Walmart+ memberships.
- Prescription Discounts: The AARP® Prescription Discounts provided by Optum Rx offers a free prescription discount card that provides members with deeper discounts on FDA-approved medications at participating pharmacies.
- Insurance Programs: AARP provides access to exclusive programs for auto, homeowners, and life insurance through partners like The Hartford.
Travel Perks for Those 50 and Over
Even without an AARP card, many travel companies recognize the over-50 demographic with special offers. Planning travel can become more affordable by taking advantage of these rates. For example, Hertz has a 'Fifty Plus Program' offering discounts on car rentals for individuals 50 and older. Some cruise lines, like Royal Caribbean and Carnival, also offer exclusive deals on select cruises for passengers aged 55 and over. Train and bus travel can also offer discounts, with some companies like the Trailways Transportation System providing various savings for ages 50 and up. When booking, it never hurts to check the website or ask an agent about any potential age-based discounts.
Restaurant and Grocery Savings
Saving money on everyday expenses like food can add up significantly over time. While discounts vary by location and some require an AARP membership, many restaurants offer special menus or discounts for the 50+ or 55+ crowd. Krispy Kreme and Steak 'n Shake, for instance, have been known to offer discounts to customers aged 50+. Grocers also get in on the savings, with some chains offering specific 'senior discount days'. Be sure to ask at the customer service desk of your local supermarket if they have such a program. Checking your favorite restaurant's website for details on age-specific offers is also a smart move.
Retail and Apparel Deals
From clothing to home goods, many retailers provide specific discounts. These often come in the form of a special discount day, so planning your shopping trips can maximize savings. For example, Bealls Outlet offers a percentage off on the first Tuesday of the month for those 50 and over. Many craft and thrift stores also have special days for seniors. For instance, CJ Banks offers 10% off every Wednesday for those 50+. Ross Stores is another example, with 10% off every Tuesday for customers aged 55+.
A Comparison of Popular Retailers with Discounts
| Retailer | Age Requirement | Discount | Key Information |
|---|---|---|---|
| Bealls Outlet | 50+ | 10% off | First Tuesday of every month |
| Hertz | 50+ | Up to 20% off | 'Fifty Plus Program' for car rentals |
| Krispy Kreme | 50+ | 10% off | Discount may vary by location |
| CJ Banks | 50+ | 10% off | Every Wednesday |
| Denny's | 55+ | 55+ menu; AARP discount | AARP members get 15% off, others can access special menu |
| Ross Stores | 55+ | 10% off | Every Tuesday |
| AMC Theaters | 55+ | Up to 30% off | Discounted tickets vary by location |
| IHOP | 55+ | 10% off; 55+ menu | Special menu for seniors; AARP discount may apply |
Other Benefits and Resources
Discounts for people aged 50 aren't limited to just shopping and dining. Your newfound status can also bring savings on a variety of other services:
- Cell Phone Plans: Several major wireless carriers offer special plans for customers aged 55 and up. Check with providers like T-Mobile for details on their senior plans.
- Fitness Programs: The SilverSneakers program is a popular benefit included in many Medicare Advantage plans and for those under 65, some fitness clubs offer discounts to seniors. While most plans begin at 65, it is worth looking into local gyms for specials.
- Continuing Education: Many universities and community colleges offer reduced tuition or free courses to adults over a certain age. Age requirements vary, so check with local institutions to see what's available.
- Auto Services: Some car maintenance shops, such as Valvoline Instant Oil Change, have offered discounts to older customers. It's always worth asking before service.
How to Maximize Your Savings
To ensure you are taking full advantage of the discounts available, remember these tips:
- Always ask: Many businesses don't advertise their senior discounts. A simple question at the register, "Do you offer a senior discount?", can lead to unexpected savings. Don't be shy!
- Join AARP: The membership cost is low and provides access to hundreds of discounts that far exceed the annual fee. The key is to remember to use it. You can learn more about the benefits directly from the AARP website.
- Carry Your ID: Some businesses may ask for identification to verify your age. Having your driver's license or AARP card ready can prevent any delays or issues.
- Stay Informed: Discount eligibility and offerings can change. Sign up for newsletters from AARP and your favorite retailers to stay updated on special offers and discount days.
Conclusion
Reaching age 50 opens the door to a world of savings that can help you live a fuller, more financially secure life. From enrolling in AARP for broad-based discounts to simply remembering to ask at your favorite local spots, there are many ways to make your money work harder for you. By proactively seeking out these benefits, you can enjoy significant savings on everything from your morning coffee to your next vacation.
