Four Financial Advantages as You Get Older
Posted by Cap in Personal Finance on December 24, 2008 |You probably know how it is. Like me, you’ve reached that point where it’s entirely inappropriate to consider yourself a “kid” since it’s been years you’ve finished college (or should have finished) and you’ve ought to be a contributing member to society by now.
Damn.
Besides the added waistline, the unflattering effects of gravity, there are a few (financial) advantages as you get older:
- Car rental will no longer be a rip off after the magical age of 25
- Car insurance premium will slowly become cheaper
- Your credit history should be steadily improving as financial accounts adds age
- As you reach a certain age, you’ll get to join AARP (et al) and get senior discounts
Yeah, I know it’s a pretty weak sauce list but that’s about the only four things I can come up with. There are a few other financial situations that should improve as you get older, such as your savings, your retirement accounts, etc. — but they’re not really a direct benefit that you get as you become older.
If you know some financial advantages to getting old, throw me some bones because there’s got to be something to look forward to — this quarter-life crisis is driving me nuts!
Haha. I kid, I kid.
10 Comments to “Four Financial Advantages as You Get Older”
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December 24th, 2008 at 4:27 pm
Oh but you missed some good ones like:
You don’t get tickets when you get pulled over.
People suppose you know how to negotiate so prices start lower.
You probably make more at work with a questionable benefit of being better (no flames it is just my experience…and I’m one of the one’s getting paid for it!)
December 24th, 2008 at 9:58 pm
You probably know yourself better and know the world better, so you might be able to make decisions that are better for you. (Of course, you may also still be having to live with all the baggage that appeared whenever you made those bad choices that taught you so well.)
Here’s a bone for you–my dad really didn’t like turning thirty, but he didn’t mind turning sixty-five because of the discounts! Weird, eh?
December 26th, 2008 at 7:43 am
What, no props for helping you come up with a quarter of your list? :)
December 26th, 2008 at 1:37 pm
You may worry less about impressing the opposite sex with your spending prowess as you get older?
December 27th, 2008 at 10:43 am
Re the senior discounts- a few weeks ago I suddenly realized my parents will be that age next year. I almost pointed that out to my mom and then reconsidered, telling a newly single woman that she is considered a senior isn’t very kind!
January 1st, 2009 at 1:24 pm
I agree with Debbie — you also have the advantage of having lived longer and learning more! I am only 23 and doing my best to educate myself in personal finance, but I know there are many things (such as issues related to home buying) that I can probably only learn from going through the actual experience. But I am already starting to see my car insurance premiums creep down, and that’s a pretty nice feeling :)
January 3rd, 2009 at 11:04 pm
I actually had a friend in college apply for an AARP card and got it. Apparently they aren’t sticklers for your age to get a membership card.
January 11th, 2009 at 2:34 pm
You’re finally 25? Whippersnappers…
January 18th, 2009 at 6:24 pm
You get senior discounts at restaurants.
January 25th, 2009 at 9:42 pm
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