The effects of living on a fixed low income are wide spread, usually affecting a person's entire life and lifestyle. There are many pitfalls that you can fall into and that can make life miserable when you are on a fixed income. You should be aware of your limitations and practice planning ahead techniques.
One major effect that living on a fixed income has is your limit on spending will change. If you have been used to living on a weekly paycheck, this will take some getting used to. …
