Senior Money Management: Programs, Services, and Assistance
Managing your money isn’t easy at any age, but as you get older, it can become even more difficult. From paying your bills to ensuring your money is safe from fraud, this is one area of a senior’s life that needs careful consideration before an issue arises. Luckily, there are services and programs that can be of assistance.
Money Management Programs
When it comes to senior money management, the paperwork alone can start to feel overwhelming. This is especially true if someone is suffering from physical or mental conditions that tax their physical abilities or reduce their cognitive abilities. Add in the mountains of confusing medical bills, and insurance statements, and you have a recipe for disaster. With that in mind, there is a new type of money management assistance called daily money management for seniors.
Additional Money Management Services for Seniors
Daily money management can be expensive with providers routinely charging between $40 and $80 per hour, so if you’re looking for something a little less expensive, don’t worry, there are other options.
Budgetpulse is a website that allows you to manually upload your financial informationso you can make a budget and track your monthly spending. You can also include monthly savings goals. This is a great site for those that don’t want a third-party having access to your financial accounts that then automatically upload your information.