Robotic walkers are a promising solution for physical and cognitive support to older adults. This paper proposes a low cost path following strategy combining the advantages of a simple mechanical braking guidance, such as safety, passivity, and a low cost, and the ones of a vibrotactile haptic guidance, such as comfort and portability. The user is guided by providing indications on the directions of motion using the haptic interface so that he/she can autonomously and comfortably follow the planned path. However, whenever the user significantly departs from the path (for instance, s/he gets too close to obstacles), the braking system kicks in to safely steer the user back along the proper direction. The formal correctnesses of the hybrid strategy ruling the combination of the two guidance systems is proved theoretically. Moreover, a comprehensive experimental study with users aged 64 to 100, including also psychological evaluations, has been performed. The hybrid combination of the braking and the haptic guidance systems is shown to outperform the two individual approaches in isolation. The combination of the two retains the same level of the users' perceived comfort typical of the haptic-only guidance while ensuring the adequate path following performance typical of the braking-only guidance. In particular, the combined approach produces a mean path following error equal to 41% of the mean path following error ensured by the haptic-only approach. Conversely, thanks to the haptic feedback, the combined approach halves the activation time and the number of interventions needed in the braking-only approach.