Core Insights - Saving money is particularly challenging for retirees living on fixed incomes, with 25% of U.S. retirees losing sleep over financial concerns and 27% spending at least an hour daily worrying about money [1] Group 1: Strategies for Saving - **Use Automation**: Automated financial tools can significantly enhance savings, with studies showing that users save 1.5 to 3.5 times more within a year of using automated savings apps [2] - **Tap Hidden Sources of Cash**: Many Americans have unused tech items worth an average of $2,459, which can be sold to unlock extra cash [3] - **Temporary Sacrifices**: Short-term lifestyle adjustments, such as relocating to a lower-cost area or moving in with family, can lead to substantial savings [4] Group 2: Additional Income Sources - **Renting Spare Rooms**: Many older Americans offset housing costs by renting out spare bedrooms, with average rents ranging from $600 to $1,000 per month, and over $1,200 in high-cost cities [5] - **Refinance or Negotiate Subscriptions**: Reducing recurring expenses, particularly housing costs which account for about 36% of a retiree's budget, can be an effective way to save [6]