Financial Health & Wellness

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Financial health and wellness-man sitting at laptop computer holding a credit card.

Financial Health and Wellness Description

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)

Resources

Resources

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

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.

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06/06/2019

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