Tag Archives: Guest Writer

Money Conversation: How to Manage the Finances of Your Aging Parents


Your parents might need a little extra help in their advanced age. Their finances are equally as important as their health. Aging people retire, meaning that they’re unlikely to come into any new sources of income. The money they have is the money they have, and it needs to last an indefinite period of time.

Talk to your parents about financial security as soon as possible to ensure their safe future.

Create a Productive Financial Environment

You parents may feel a deep attachment to their home, but can they still afford it? If the home is already payed off and the utilities are reasonable, they may not want to sell it. If the home is highly profitable and they’re willing to downsize, the profit they acquire from the sale of their home can give them some financial padding.

Smaller homes are typically less expensive to maintain. Utility bills cost less, especially for cooling and heating. Less property means a lower cost for lawn maintenance, and if the roof ever needs to be repaired, it’s a smaller roof. On top of the financial benefits, smaller homes equipped for seniors are often easier to navigate and maintain. They may allow your parents to experience independence for longer. You might also want to investigate assisted living facilities – your parents might need some extra help.

Use Savings in Conjunction with Investments

People of advanced age need savings to cover emergency costs. If they’re still active and vital, they might even want to take the occasional trip away for a week or so to socialize and enjoy their retirement. While savings are important, it’s important to note that their growth is meager. Even in a high yield savings account, the money will still grow slowly.

Your parents are never too old to start trading. By using some of their money to trade or invest, they’ll see larger returns much faster than they would patiently waiting on a savings account to deliver interest. A massive investment isn’t necessary. They can start by investing a little bit and slowly make more investments with what they gain. This is a great way for seniors with no expandable source of income to see more money than they ordinarily would have.

Set Up Autopayments

Seniors may not remember to pay their bills on time. By setting up autopay options for the things they use everyday (like their household utilities, rent, and phone bills), they won’t need to remember to make payments on time. This will prevent service interruption. In order to prevent autopay bills from disrupting the budget, a separate account can be created and funded specifically for autopayments.

Use your parent’s main bank account for their daily, fluctuating expenses. They’ll only need to concern themselves with the , and having the bills come out of a separate account that has already been funded will prevent them from accidentally overspending and having a bill come due that will overdraft their account.

Create a Functional Budget

The kind of budget you create will largely depend on your parents’ level of independence. If they do their own shopping, rather than depending on grocery deliveries, they need to be able to understand how much money they have, as well as the minimums and maximums they can spend.

Bill money set aside, sit down with them and examine how much money they have left over. This money needs to be divided into categories and priorities. If your parents have a basic understanding of technology, you can set them up with budget tracking apps on their phones. They can input their expenses based on their receipts and actively track what they’re spending and when they’re spending it.

Simplifying your parents’ finances will allow them to enjoy their independence for as long as possible, helping them make the most of their agency and live a fulfilling life. Always be there to help when they need it.

About Audrey:

Audrey Robinson is a blogger, currently writing on behalf of online data libraries like Aubiz. She might often be found online, sharing her tips and suggestions for self-improvement, improving one’s career opportunities and living a more stress-free life. Feel free to reach out to her on @AudreyyRobinson

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7 Tips for Doing a Criminal Background Check of Your Caregiver


In some ways, a caregiver’s job is even more delicate than a babysitter’s job. Caregivers need to have medical and emergency response knowledge when providing care for a patient that has special needs. You’re entrusting this individual with a great deal of responsibility, and before you do that, a criminal background check might be in order.

  1. Inform The Caregiver of the Background Check

You might find yourself in hot water if you choose to run a background check without the consent of the individual. You should ask first and have the person sign a form that states that they consent to such check being run. The form should include all areas that will be explored during this check. Individuals who don’t consent to a background check might have something to hide – never take their word for it. Don’t work with someone who is uncomfortable with a background check.

  1. Perform Relevant Checks

If the caregiver’s job would put them in a position where they’re handling money or delicate assets, you might also want to perform a credit check on the individual. If they have a history of being reckless with money, you don’t want them to have any control over your loved one’s assets. Run these checks concurrent with the criminal background check.

  1. Know What is and Isn’t Off Limits

You may not be able to research all areas of caregivers background due to restrictions and limitations based on the availability of personal and confidential records to the public. Prying or attempting to obtain these off limits records through other means might be a crime. Never misrepresent your identity when conducting a background check and accept what’s given to you.

  1. Follow Local Laws

Every state, province, and territory has different laws regarding what information can be made available on background checks and how the person who obtained that information is allowed to use it. If you’re unsure of what you can legally do, check with a legal expert. If you live in Australia, get help from a lawyer in Australia. If you live in the United States, get advice from a lawyer located in the state you’re conducting a check in or the state where the caregiver’s record exists.

  1. Use Checks in Conjunction with References

Since some information may not be made available through a criminal background check, you’ll also need to vet a potential caregiver through their previous employers and educators. They can give you all the details and let you know if they’ve ever noticed any suspicious or borderline criminal behavior. Use this information in conjunction with the background check’s findings to make a thoroughly informed decision.

  1. Research the Agency Providing the Caregiver

It’s more likely than not that the caregiver already went through a top notch background and credentials check when they sought placement through the agency that represents them. This check may have been more thorough than your check. Talk to the agency about how they screen their caregivers. Research their history and reputation. If there haven’t been any reported problems with the caregivers they supply, chances are good that they have high standards.

  1. Speak with the Caregiver Following the Check

Even if the caregiver has a criminal record, this may not be a cause for worry. A minor marijuana charge from fifteen years ago may not have any impact on their ability to be an excellent caregiver. A disturbing the peace charge that resulted from a passionate form of activism doesn’t indicate that an individual is violent or a thief. Always speak to the caregiver about relevant findings before making a hiring decision.

While background checks help, you also need to follow your intuition. If your gut is telling you that you would be uncomfortable putting this person in charge of the care of a loved one, don’t do it. You need both the facts and your instincts on your side when making such an important decision.

Gust Writer Lucy Taylor is an avid blogger who enjoys sharing her tips and suggestions with her online readers. Working as a legal expert at LY Lawyers, Lucy often helps people dealing with legal problems, addictions and crime.  You can contact Lucy at lucytayllor.lylawyers@gmail.com

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