u/FIan_tastic

Kroger has a fuel rewards program that lets you earn fuel points on grocery. The wonderful part about it is you can use the savings at Kroger fuel or Shell (Top tier) for a few cents off/gallon.

You could also get 4x fuel points on friday, so a $100 grocery run on Friday gets you 40 cents off/ gallon. Helps me save around $15 a month on average. There's probably other chains doing the same, so if you shop regularly at one of these places, just check up on their rewards program and partnerships.

EDIT : They make you clip a coupon on their app EVERY WEEK to earn the 4x points on grocery. You still get 1x points on grocery otherwise without the coupon.

I'm planning to setup some safe and stable income options for my parents who will be retiring in the next 1-2 years. They are both in mid 60s and qualify for the senior citizen savings scheme. Based on some research, I figured the following setup might work well to receive roughly 30,000 every month adjusted for quarterly/annual distributions. My objective is not about maximizing returns, but rather preserving capital while having a stable cash flow.

1. Senior Citizen Savings Scheme - 30L each @ 8.2%

2. Post Office Monthly Income scheme - 9L each @ 7.4%

3. RBI Floating Rate Bonds - 10L each @ variable rate

Lock in period/Inflation is not a concern. I'm looking to get some feedback on other drawbacks like taxes, ease of disbursement or any other underreported complications.

This will be the safe part of their retirement and they also have a small portion of equity elsewhere that will roughly yield around 20,000 every month.

Appreciate everyone's time and help !