Managing money
Day-to-day financial management
How to take a postive approach to your finances
Collaborative Post When it comes to your finances, it’s important to take the right approach mentally. Financial thinking is the process of evaluating and understanding how the financial world works. It includes both positive and negative thoughts. Negative thinking can be defined as a pessimistic outlook on life, a lack of hope for the future, […]
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Tips to help seniors cope with the rising costs of energy
The energy price cap rose on 1 April 2022, from £1277 to £1971 a year. That means energy companies can charge more for their services. As a result those on flexible tariffs and anyone paying through a pre-payment meter will see very significant price increases immediately. And the cap is due to rise again in […]
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Helping your older loved one manage their finances
Collaborative Post When your loved ones grow older chances are you’ll find yourself stepping in to help support them and guide them. This can feel a little odd at first. After all, it’s likely that these are the people who raised you, watched you grow into your adult and have supported you throughout your life. […]
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What is Carer’s Allowance?
You could get £67.60 a week in Carer’s Allowance if you care for someone at least 35 hours a week. That makes it a pretty full-time job, although some people do fit part-time working into their day as well. There are rules. You can’t share a Carer’s Allowance with someone else. Only one person can […]
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Cutting down on your monthly expenses post-retirement
Collaborative Post Once you’ve retired, you want to be able to enjoy life, and not worry about money. Even with all of your post-retirement financial plans, it’s natural to still worry about your financial security. One of the ways you can keep your finances easier to manage is to cut down your monthly expenses, helping […]
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Dementia and money management
What happens when you realise a relative is struggling to manage their money because of advancing dementia? You won’t be allowed to take control of their bank account just because you’re a relative. Whether or not you have set up Power of Attorney – and that is by far the best option – there are […]
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What’s new in finance and money management for older people? July 2021
Whether you’re helping an older relative or friend to management their finances, or are planning for your own retirement, here are some updates you many find useful. Women’s pensions It looks like the ‘Waspi’ (Women Against State Pension Inequality) generation of women could receive some sort of compensation for their lost pensions after all. The […]
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Tips for Helping a Relative Financially Prepare for Retirement
Collaborative Post Preparing for retirement could be a stressful and challenging time for an elderly person. Although retirement can be an exciting milestone to reach, the transition into this new stage of life is very difficult for some. If you have an elderly relative who is currently preparing for retirement, then there are a number […]
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Finance tips that will help you as an older person
Collaborative Post Older people have so much to think about when it comes to money. They have to think about retirement, insurance, bills, pensions and more. All of this can be overwhelming, but it is essential that you manage and monitor your money so that it can help you in later life. Of course, everyone’s […]
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Finding ways to make your money go further as you get older
Collaborative Post When you have worked hard your entire life you want to make sure that later on when you are ready to retire that you will be able to live comfortably without financial worries. So finding ways to make your money go a little further is always helpful. Plan Ahead First of all it […]
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