I remember my grandmother, who was Scottish and thrifty, talking to me about watching my pennies, nickles, dimes, and quarters. She said I would need them when I grew older.
She was right, but in today's world we need a lot more than those coins, and with the constant rising cost of just living it becomes more difficult to live on a budget.
I understand that there will be a cost of living increase for social security of 1.6% in 2020, but that medicare is going up by about $10 per month. I figure this will leave me with approximately four extra dollars a month next year.
Is this supposed to help me? Because I spent much of my adult life as a stay at home mom, my social security isn't much, and like many other women who choose to give many years to their families, I feel like the grim reaper waiting for my ex to die so that I can have enough income to live a somewhat normal life.
It should not be this way. Women should be compensated for the valuable work they do raising their families. We should not be considered free labor by the government.
Yesterday my car battery died and it cost me $187 to replace it. I have also had over $300 in extra medical bills this past month. These are expenses that seriously deplete the little savings that I have and many women have no backup savings at all.
Of course there are also presents to be bought. I have a budget set up for those, but the extra expenses mean that I have had to cut down on what I spend. I know that my family doesn't care about how much I spend, but I enjoy giving gifts.
I think it is time for our country to reevaluate how we value the work that women do raising their families. Women should not be left in poverty when they are older or be forced to work when they are no longer physically able to do so.