5 Tips for Managing a Loved One’s Finances It's not always easy talking to our loved ones about their personal finances, and it can be even more difficult to help them realize that it may be time to turn the reins over to us or another caregiver. Avoiding the conversation, though, can lead to unnecessary stress and unwarranted headaches later on, and can leave our loved ones open to financial exploitation. So how do we start the conversation? And what should we say? Read more
Managing Finances for a Loved One with Dementia Handling a loved one’s finances can be a difficult task, particularly when they have been diagnosed with dementia. In fact, the inability to handle finances is often one of the first signs that a loved one has the disease. They might pay bills more than once, forget to pay bills entirely, give money away unexpectedly or have trouble balancing their checkbook. Dementia can also leave a loved one open to financial risk and abuse, which can make it even more important for us to familiarize ourselves with how best to protect them from these threats. Read more
Protecting a Loved One from Financial Exploitation Financial exploitation or abuse of older adults occurs when a person’s resources are used by another for personal profit or gain, or when actions are taken that deprive an older person of the benefits entitled to them. No one is immune. This sort of theft can happen to anyone regardless of social standing and education levels. Read more
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. Read more
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. Read more
Taking ACTION to Manage Dementia Care Caring for a loved one with dementia can oftentimes go hand-in-hand with challenging situations that may lead us to feel stress and uncertainty about how to manage our loved one’s care. It can become overwhelming, especially for one person, but there are steps we can take to minimize the burden and make progress. Action planning gives us guidance and support to meet our caregiving needs and manage our loved one’s care by breaking down larger goals into small, manageable steps towards solutions to potential challenges. Read more
7 Tips to Help a Loved One Bathe If our loved ones need assistance with bathing, it can be an uncomfortable experience for them to involve us, but it may be necessary for their health and well-being. We should be open with our loved ones about their bathing needs, and, if necessary, enlist the assistance of a doctor in stressing the importance of receiving help in this area. We can ask our loved ones their preferences regarding who they would like to have help them with this task. If the task falls to us, we can follow these tips to help make the experience go smoothly. Read more
Babysitting as Grandparents If asked to take on a childcare role with grandchildren, grandparents may begin to feel worried and stressed about these new responsibilities. But while many areas of childcare may have changed from the past, many areas have remained the same over time. With some conversation and ground rules set, the babysitting experience can be rewarding for grandparents, and a godsend for working parents. Read more
Saving For Down Payments Are you tired of renting? Do your rent payments continue to get higher? Are you interested in purchasing your own home, but feel it’s too difficult to save up the money for a down payment? You are not alone. Many renters feel money is the top reason they haven’t been able to purchase a home yet. Read more
Rose Centers for Aging Well Rose Centers for Aging Well, a subsidiary of Benjamin Rose Institute on Aging, exists to promote successful aging for Northeast Ohio’s adults by offering opportunities, programs and services that foster choice and independence. Rose Centers provides home-delivered meals to homebound older adults as well as hot lunches and social, health and wellness programming in senior centers throughout the area. Read more
