How to Help Your Elderly Parents Cope with Financial Insecurity

As parents age, adult children are often concerned about the state of their parent’s finances. Do they have enough to live comfortably? Are their investments safe? How are they handling their daily finances? All of these are valid concerns and are worth considering. However, there are ways that you can help your elderly parents cope with financial insecurity if they seem to be struggling. Learn all you can about your parent’s current financial situation Parents often hesitate to share their financial picture with their adult children. The reasons for the hesitancy are many, including wanting to keep a sense of privacy,...

How to Empower Your Adult Children to Make Financial Decisions for You

There comes a time as parents age when they realize it may be time to ask their children to help make decisions about finances. These decisions may involve something as significant as investments or retirement planning or as simple as bill paying management. Regardless of what kind of assistance is needed, it can be a challenge knowing how to empower your adult children to make financial decisions on your behalf, but the following insights should help make the process easier. How to determine it’s time for help More and more older adults are deciding to age in place, meaning they’re seeking...

How to Help Intellectually Disabled Adult Children Live Independently

Parents of adult children who are considered mildly intellectually disabled often struggle with resources that can help them assist their adult children live an independent life. Financial resources in particular can be a struggle for this group of individuals although surprising, 85% of intellectually disabled people are considered “mild” and they can often live on their own with minimum support from others. Services such as bill management oversight can be one such option to help with independent living. Determining if an adult child can live independently There are several resources that can help parents of adult children with mild ID determine if...

Bill Simplicity Attends The 4th Annual World Elder Abuse Awareness Day Conference

Bill Simplicity recently attended the 4th Annual World Elder Abuse Awareness Day Conference in Tempe, Arizona to network with businesses and associations dedicated to protecting elderly citizens. About the WEAAD conference Held at the DoubleTree Hilton hotel, the WEAAD conference focused on topics related to elder abuse. The purpose of WEAAD is to provide an opportunity for communities around the world to gain and share a better understanding of the abuse, neglect, and exploitation of older people by raising awareness of the cultural, social, economic, and demographic factors that contribute to this crisis. Bill Simplicity and preventing fraud One of the topics highlighted...

Should You Allow Caregivers to Handle Your Parent’s Finances?

At some point, adult children of aging parents must make decisions regarding the ongoing welfare of their parents. Even if both are in good health, it’s important to start making financial decisions to ensure they stay protected. One of those decisions may be to have someone take over the task of handling day-to-day finances, such as bill paying. Does it make sense to allow family caregivers to handle your parent’s finances? Deciding when it’s time to take over finances As we age, dementia and other memory-related issues may arise. Most often, these issues develop slowly and may not be noticeable to...

Five Signs That You Can No Longer Handle Your Small Business Finances

Being a small business owner means you wear a lot of hats; juggling many different responsibilities to keep your business thriving. The pandemic added additional challenges to many small business owners who are still trying to recover from those challenges. Regardless of how big or small your business is, here are five signs that you can no longer handle your own small business finances and what you can do about it. Late notices and fees Small business owners are consistently responsible for two sets of bills: their personal bills and their company’s bills. That means twice as many bill payments to...

Bill Simplicity Founder Featured in VoyagePhoenix Publication

Bill Simplicity Founder, Daniel Schoen, was recently contacted by VoyagePhoenix to do a story about Bill Simplicity and what inspired him to create the professional bill management company. Who is VoyagePhoenix? VoyagePhoenix is a publication whose mission is to build a platform that fosters collaboration and support for small businesses, independent artists and entrepreneurs, local institutions, and those that make our city interesting. Their interest in highlighting independent, creative, local entrepreneurs and small businesses in their “hidden gems” series led them to Bill Simplicity. Why feature Bill Simplicity? Starting in late 2020, Bill Simplicity provided professionally managed bill payment services to senior citizens,...

Bill Simplicity Launches 90-Day Free Trial for Bill Paying Services

Bill Simplicity recently launched a 90-day free trial to those looking for a solution to monthly bill paying efforts. Learn more about the offer and why a bill paying service makes sense. Who is Bill Simplicity? Bill Simplicity is a professional bill management service offering bill paying solutions to aging adults, entrepreneurs, and busy professionals. The service streamlines all your bills and payments into one user-friendly portal with 24/7 account access and dedicated bill assistants available when you need them. Why use a bill paying service? Aging adults often struggle with money management and keeping track of paying monthly bills. Entrepreneurs and busy...