fbpx

Helping Elderly Parents Manage Finances

With record numbers of Americans hitting their golden years, parents will increasingly be dependingupon their children to manage finances. According to a 2015 Pew Research Study, in the United States64% of those with a parent age 75 or older have provided help with finances, errands and personal care,while about half (52%) of those with parents age 65 to 74 have done so as well. Stepping into this rolecan be daunting.It was clear when my family was hit with my dad’s Alzheimer’s diagnosis that one of the things I could doto help was to bring organization and control to my parents’ finances. They had been managing well, butmy siblings and I started to see some small warning signs that things were getting away fromthem. Minor disputes with creditors, multiple visits…

To view this post, you must purchase a paid-subscriber plan—learn more here.

Related Articles

10 Things I Wish I Had Known Before My Dad’s Alzheimer’s Diagnosis

When someone receives an Alzheimer’s or other dementia related diagnosis, there is an array of emotions for the patient and their family – disbelief, denial, anger, loss, confusion and so much fear. What will this mean for our family?  Before my dad received the first diagnosis of “mild cognitive impairment,” we knew things were off. He’d gotten lost a few times and was repeating himself, but it was all manageable. His friendly personality and quick wit was a good cover, but dementia is a relentless foe and it marched on. As my siblings and our mother adapted to a new normal, things would change again and again.   Our wonderful dad passed away a few months ago, giving me some time to reflect on his Alzheimer’s journey.…

To view this post, you must purchase a paid-subscriber plan—learn more here.

Is Your Pre-Pandemic Job Still Right for You?

Is Your Pre-Pandemic Job Still Right for You? The world is slowly returning back to “normal” 一 or as close to normal as things get while continuing to live with the threat of a global pandemic. And this return to “normal” has left many of us wondering: do I want to go back to exactly the way things were pre-pandemic? Here are some things to consider when weighing the pros and cons of staying at your pre-pandemic job. Many are leaving their pre-pandemic jobs As employers call workers back into the office, many people are choosing not to go back to their old jobs at all. Although a record number of open jobs are available in the U.S., hiring has gone way down. And people…

To view this post, you must purchase a paid-subscriber plan—learn more here.

When is it Okay to Use Your Credit Card?

by Carol Strazinsky When is it okay to use your credit card? This is an important question to be asking ourselves. It can be tempting to purchase that designer handbag you’ve been fawning over, or even to pay for groceries when finances are a bit tight. However, when you are getting ready to swipe that card, take a step back and think about why you are making the purchase and whether it will benefit you and your financial wellness. So when does using your credit card makes sense and what pitfalls should you avoid? You’re strategically leveraging rewards. It’s perfectly possible to reap the benefits of cash back rewards without going into debt to earn them. How? Try using your credit card just for everyday purchases…

To view this post, you must purchase a paid-subscriber plan—learn more here.

Stop managing your time and start managing your energy

You know the drill. Work, family and other obligations have you running ragged, and there’s always the feeling that there aren’t enough hours in the day. You’re stressed and exhausted, but sleep isn’t replenishing you. You struggle with productivity, your patience is thin, and the work you once loved just isn’t providing the same satisfaction anymore. That’s burnout. We would rather call it something else, an energy crisis. Burnout sounds like something you can’t come back from, but an energy crisis? Personal energy is renewable, you just have to know where to look for it.   That’s what personal energy management is all about, finding the sources of energy you need to get off the hamster wheel and back in the game in a way that…

To view this post, you must purchase a paid-subscriber plan—learn more here.

Thriving in the Gig Economy: A Primer for Women

This post is based on a webinar hosted by Dr. Denise Reading. It’s the first in an ongoing series of workshops, webinars, and for-credit courses offered by the Institute for Women, Wellness and Work to help women explore freelancing, consulting, and solopreneur opportunities as a path to a satisfying and successful professional experience.   “Gig economy” is a phrase you’ve probably heard a lot, especially in the last couple of years. It refers to the part of the workforce (more than half!) that doesn’t work full-time for one employer, but instead takes on multiple opportunities from different sources. The term got its start in the music industry. Musicians generally refer to a performance they’re hired for as a gig. That terminology has spread to other industries,…

To view this post, you must purchase a paid-subscriber plan—learn more here.