Steps to Preparing Your Elderly Parents for a Nursing Home

When the time comes for one or both parents to enter a nursing home, adult children are faced with several decisions on how best to prepare for this transition. Depending on what previous plans had already been put into place, here are a few basic suggestions for preparing your elderly parents for a nursing home. Understanding housing options If it becomes apparent that one or both parents can no longer safely age in place, one of the first considerations is housing options. Two of the most common options are assisted living facilities and nursing homes.  Basically, an assisted living facility is a...

How to Discuss Your Parents’ Finances with Your Siblings

How to Discuss Your Parents’ Finances with Your Siblings The ability to age in place has become a more viable option over the years as more services become available to help elderly parents live independently yet safely. From home care services to transportation to bill paying services, the options to provide assistance to aging parents continues to grow. The challenge is overlooking the bigger picture of your parents’ finances as they age; complicated if you must involve your siblings in the efforts as well. Here are some suggestions on how to discuss your parents’ finances with your siblings. Getting everyone on the...

Resources for Adult Children of Aging Parents

As parents get older, there is a challenge between maintaining their freedom and living at home while still ensuring that all their mental, physical, and financial needs are met. Adult children of aging parents find the process of arranging these resources confusing and aren’t always sure where to turn. While there are actually numerous resources available, they can sometimes be hard to navigate, as some are government agencies, some are websites, and some can be found through apps. Below are resources that can be of assistance for adult children of aging parents or their caretakers. Overall resources for adult children...

Professional Bill Management Services Can Help Parents Age in Place

As parents reach an advanced age, adult children are faced with the challenge of how to help their parents live independently in their home as long as possible. This comes with many challenges including cooking, cleaning, and shopping, as well as managing bills. Learn how professional bill management services can help parents age in place and enjoy living at home longer. What does “age in place” mean? Aging in place is a term used to describe a person or people living in the dwelling of their choice, for as long as they are able, as they age. This includes being able to have...

5 Reasons Small Business Owners Should Delegate Bill Paying Responsibilities

Being a small business owner means you’re likely wearing multiple hats to ensure your business runs smoothly. From sales to account receivables to professional development and networking, as well as delivering the product or service your business provides, you’re busy! As your company grows, it’s time to take a step back and see what makes sense to keep on your plate, and what makes sense to outsource. One of those activities may be paying those monthly bills. Here are 5 reasons small business owners should delegate bill paying responsibilities. The desire to do it all... and why you shouldn’t Delegating work...

Social Isolation During COVID: How the Elderly Are Impacted During the Pandemic

It’s no secret that recent events have greatly impacted the elderly population. In addition to potential struggles with basic needs such as the ability to get groceries or medications, social isolation is often an issue that can go unnoticed with seniors. Learn how social isolation impacts the lives of seniors and how they can be helped. Why seniors struggle with social isolation during COVID While the pandemic impacted people of all ages and from all walks of life, seniors were disproportionately affected. Studies show that 78% of COVID-19 related deaths in the U.S. occurred among older adults age 65 and over....

How To Talk to Your Parents About Their Finances

As parents age, it’s up to the adult children to talk to them about their financial situation to ensure that important tasks are being handled and finances protected. However, talking money is always a delicate situation, and having the difficult conversation with your parents on how their finances are being handled can be exceptionally tough. Here are a few suggestions on getting the conversation started with your parents about their finances and how to handle the situation overall. Getting the conversation started When you notice that your parents are slowing down and finding simple household tasks such as paying bills difficult,...

How Bill Paying Professionals are Changing the Money Manager Industry

Money management services have come a long way over the years. It used to be that there were very few options for help managing day-to-day finances and bill paying services were all but non-existent. However, in more recent years, bill paying services are becoming more in demand by seniors, business owners, entrepreneurs, and others looking for help managing bill paying activity. See how bill paying professionals are changing the money manager industry and what that means for you. Bill paying services vs. daily money managers Though there is some overlap between the two, professional bill paying services are different than daily...