Retirement facilities are notorious for drying up your savings account in a matter of years. Even though the majority of retired people want to reside in senior living communities with a number of amenities to help make their lives easier, that may not be possible without breaking the bank—unless, of course, you’re Terry and Renee Robinson.
Terry, 64, of Spring, Texas, may be pioneering a new movement toward financially responsible retirement. Terry and his wife calculated the average nursing home care costs of $188 per day, adding up to a whopping $5,640 per month and over $68,000 per year. He then went on to compare an alternative solution: the Holiday Inn.
By combining their senior discount and long-term stay discount, the cost of a room boils down to just $56.23 per night, cutting costs down to $20,500 per year. By living at a Holiday Inn, Terry and Renee are saving up to 60% of their budget. Breakfast is included along with a variety of amenities like laundry, pool, and a gym.
Terry and Renee won’t have to stay in one place, too. “You’re not stuck in one place forever, you can move from Inn to Inn, or even from city to city. Want to see Hawaii? They have a Holiday Inn there too,” said Terry. “And no worries about visits from the family. They will always be glad to find you, and probably check in for a few days for a mini-vacation. The grand-kids can use the pool. What more could I ask for?”