Financial Health & Wellness

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Financial Health and Wellness Image

Man sitting at laptop computer holding a credit card.

Financial Health and Wellness Description

(Current as of March 12, 2021 at 2:10 PM)

ESOP is providing drive-up, drop off assistance with income tax filing.  The Volunteer Income Tax Assistance Program, or VITA, provides free, basic tax return preparation.  For more information or schedule an appointment, visit http://www.esop-cleveland.org/FinancialWellness/Income-Tax-Prep.html 
 
ESOP Realty continues with realty showings in accordance with Ohio Association of Realtors recommendations.  
 

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Did you know that research shows there is a direct relationship between physical and financial health? Individuals with high financial stress are twice as likely to report poor health overall, and are four times as likely to report fatigue, depression or other ailments. Because of this, Benjamin Rose Institute on Aging is committed to serving all aspects of wellbeing, not only physical, mental, emotional and behavioral, but also financial health and wellness. We have free resources and services available through our subsidiary ESOP to help you achieve and maintain financial wellness and housing stability, including:

  • Housing counseling
  • Senior financial empowerment
    • Resources and referrals for financial benefits such as Medicare, legal aid or vision care
    • Property tax loan
    • Financial education workshops to help plan for unexpected life events and protect against fraud, abuse and poor credit
    • One-on-one financial counseling
  • Advocacy on your behalf with credit services and loan companies to assure your records are accurate and you are receiving a fair and manageable repayment plan
  • Income tax prep

With our support, you can empower yourself to reach a secure financial future and stay educated on the issues most important to your financial wellbeing.

Empowering and Strengthening Ohio's People (ESOP)

Empowering and Strengthening Ohio's People (ESOP)

ESOP is a full service housing and financial counseling agency and subsidiary of Benjamin Rose Institute on Aging. ESOP staff helps adults in all stages of life achieve and maintain financial wellness through free services that provide knowledge and tools for financial stability.

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Resources

Resources

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Can You Actually Buy Happiness? Reflections on Emotional Spending

Have you ever felt down and out – and then headed to the mall? Have you ever felt overwhelmed, angry, or isolated – and then cheered up with a purchase on eBay? Do you use shopping as a way to celebrate an accomplishment or recover from a disappointment? Have you ever subscribed to the idea that shopping is a stress-relieving therapy and even cheaper than a visit with a psychiatrist? If so, did shopping in those moments actually make you feel better in the long run?

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By Lisa Weitzman | 11/13/2019

Budgeting Tips for Older Adults

We all know how important it is to save money, but sometimes that’s easier said than done. Everywhere we go, there are different demands on our wallet, from weekly grocery trips to exciting new films at the movie theater to self-care treats at the hair salon. Add those expenses to monthly bills, medication costs and gas fill-ups, and it’s no wonder our wallets can end up stretched thin.

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By Tiffany Taylor and Julie Hayes | 10/11/2019

Helping a Loved One Maintain Good Credit

While it’s important for all of us, at any age, to keep our finances in good condition, issues of credit card debt are growing among older adults. If we are caring for a loved one struggling with debt and maintaining good credit, it is important for us to understand credit scoring and how to help a loved one improve their credit so they can better manage debt.

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By Tiffany Taylor and Julie Hayes | 09/10/2019

Recognizing the Signs of Financial Abuse

It is important for all of us to know the signs of financial exploitation so we can help prevent this from happening to our loved ones, such as our parents, grandparents, aunts, uncles or dear friends. There are several warning signs to look for and then to question further.

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06/06/2019

Reducing the Financial Fatigue of Caregiving

There are many rewards of caring for a loved one, but caregiving can also come at a cost. According to several studies, the average female caregiver loses more than $324,000 during their lifetime in wages, pensions and Social Security benefits, due to their caregiving responsibilities.

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By Sonya Edwards | 06/06/2019

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