For many elderly adults, one of the first ways that a family caregiver helps them is by taking on responsibility for their finances. There are many reasons why your elderly parent might need this type of assistance, and it is important for you as their caregiver to not only recognize this need but also to give them the type of assistance that is beneficial, supportive, and will continue to encourage your parent to have as much independence and autonomy as possible. This is critical to mental and emotional health and can help your parent to live a higher quality of life throughout their later years.
Whether your parent is struggling with a limited budget or are dealing with issues that make it more difficult for them to manage their finances, some of the ways that you can help them include:
• Ask what type of help that they need. It is extremely important to remember that your elderly loved one is an adult. They also raised you. This puts them in a potentially awkward situation of needing your help but also still remembering what it was like to take care of you. This makes it extremely important that you show them respect and keep them involved in all aspects of the care that you give. Rather than simply taking over and doing whatever you think that you should, talk them what type of assistance they would like you to give them and work together to ensure cooperation.
• Consider e-billing. If you are going to take on the responsibility of making sure that your loved one’s bills are paid on time, consider contacting the companies and asking about e-billing. Also referred to as electronic billing, this is an arrangement in which the company does not send paper bills but emails the bill to whoever is responsible for payment. This ensures that you get the bill immediately and do not have to go to their home to find the paper version. You can even set up automatic payments from a bank account for even simpler payment.
• Be transparent. When you are handling your parent’s finances it is important to remember that even though you are doing all of the “work” related to managing their payments and budget, it is still their money. Being transparent about their finances, including telling them when bills are paid and how much, and showing them transaction records, maintains a sense of honesty and trust between you and helps your parent feel that they are still in control rather being controlled.
Starting senior care for your elderly loved one can be one of the best decisions that you make in the course of your caregiver journey with them. A senior home care services provider can be with your parent on a schedule that is right for them, meaning that they are available to care for your parent when and as much as they need them, and however fits in with the care efforts that you already give. It is a common misconception that senior care is only for seniors who are dealing with serious challenges or who are very “old”. This, however, is not the case. Even if your aging loved one is still active and only has mild to moderate needs, they can still receive a wide variety of benefits from care. The highly personalized services of a senior home care services provider can act as a support system, helping your parent to save time and energy for the things that they want to do in life.
If you or an aging loved-one are considering senior care in Cupertino, CA, please contact the caring staff at Bay Area Home Care. Call today 650-938-4031.