With age comes responsibility, wisdom and more bills. But getting older doesn’t need to cost more money. Surely there are some benefits – particularly for your wallet?

Here are 5 observations for you to consider:

Car insurance

Generally speaking, younger drivers are normally charged more for insurance than older drivers. Of course it also depends on where you live, the car you drive and if you’ve also managed to get any endorsements. This means that as you age, you might not pay as much towards your car insurance. Source: Uswitch.com

According to Money Supermarket, more experienced motorists are “statistically less likely to be involved in an accident so are seen as less of a risk to insurers”. Good news then!

Sell your old things to save money, make money

As life goes on you’ll naturally collect items that stop being of use or you eventually replace. But rather than sending these items to the tip, you could sell them on to raise some cash. There are plenty of ways to do it as long as you have a computer. Ebay, Gumtree, Shpock are the usual sites you could try. Community groups on Facebook are also worth a go.

If you’re looking at selling old DVD’s and music you could try CEX or Music Magpie.

Reduced travel costs

Depending on where you live, if you’re a pensioner you could be entitled to reduced or free travel on public transport.  This includes bus, train and other forms of public transport. While it may not save time it can definitely help save money.

Do you know if you’re a pensioner or not- or when you’ll become a pensioner – the gov.uk site has an online tool so you can check and see when you qualify for a free bus pass.

We also found National Express over 60, Senior Coachcard provides a great way to save 1/3 on standard fares to hundreds of towns, cities and airports across the UK.

Over 75 – then you qualify for a FREE TV licence – Save up to £145.50

If you’re 75 or over you can get a free TV licence, a great little freebie as they’re usually £145.50 at full price. What’s more, it also covers other household members living at the same address, and is UK-wide.

And if you’re 74, you can also apply for a short-term licence, which will be valid until the end of the month before you turn 75.

Don’t forget to apply as it doesn’t happen automatically – here’s how: http://www.tvlicensing.co.uk/check-if-you-need-one/for-your-home/aged-74-and-over-aud3?WT.mc_id=r009&x=0. You’ll need your National Insurance number to hand.

Remember the rules have changed:  You need to be covered by a TV Licence, including a free over 75 TV Licence, to watch or record live TV programmes on any channel, or to download or watch any BBC programmes on iPlayer – live, catch up or on demand. This applies to any device and provider you use.

Aged over 60? Eye Tests are FREE on the NHS

An eye test doesn’t just check to see whether you need glasses; it’s also a vital check on the health of your eyes. Best advice is that you have an eye test every 2 years or as often as the optician advises.

Everyone aged 60 and over qualifies for a free NHS-funded sight test every 2 years. Several of the big eye care brands will cover the full cost of an eye test for anyone who qualifies including Specsavers, Boots and Vision Express.