Managing money
Day-to-day financial management
Are your relatives spending too much on their necessities?
Collaborative Post You want your mum and dad to keep their independence and live their own lives. However, maybe you can’t help but notice they’re forking out a little more than they need to when it comes to buying the necessities of life. Ranging from their average food shop to how much they’re spending on […]
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Planning ahead – tips to help older relatives build solid financial foundations
Collaborative Post Planning ahead is beneficial at any stage in life, but it’s particularly important to think about your financial future as you approach retirement and your senior years. If you’re helping your parents or other older relatives to build solid financial foundations, here are some useful tips. Retirement planning and pensions Most of us […]
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How you can help your parents prepare for retirement
Collaborative Post People often think that when you get to retirement age, all you have to look forward to is filling up your days with activities now you are no longer at work. Sadly, this isn’t always the case as many people are working until later in life, and the onset of age-related health conditions […]
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Caring for your parents financially: tips to guarantee them the best quality of life
Collaborative Post We all think about retirement as a golden period of low stress, free time, hobbies that you never seemed to have time for, and endless vacation. If you are thinking about retirement in that way, you are probably also planning where your home will be by then and what support you will have. […]
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How to help ageing parents with debt
Collaborative Post Debt among over-65s is on the rise. It’s a big cause of stress and depression in older people, and can take its toll on many people’s physical health. If your parents are struggling with debt, here are some of the ways in which you can help. Why older people get into debt There […]
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Cutting down on costs – how to manage retirement
Collaborative Post Many people spend a long time looking forward to retirement. The idea of giving up work and having enough time to do exactly what you want feels luxurious and amazing when compared with the usual daily grind. But the truth is that retirement isn’t always easy, and when it comes to finances it […]
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Banking scams, refunds and protecting the vulnerable
Financial scammers are ingenious and credible, and they prey on the vulnerable. That makes older people particularly susceptible. A new scheme should help to combat this form of fraud. Older people tend to be more trusting, and less informed about the methods that criminals will use to relieve them of their savings. And it is […]
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What does the Autumn 2018 budget mean for older people?
We take a quick look at the Autumn 2018 UK budget to see what is likely to affect older friends and family – and what leading charities and commentators made of it. Didn’t budget statements in the UK used to come round just once a year? Or did we imagine that? Either way, a […]
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Tips on safely managing money for the less mobile
Handing over a bank card to someone else is a breach of Ts&Cs. So how can those with limited mobility withdraw cash and manage money? Helen Doyle, Head of Policy & Research at the Payments Council, offers some advice. Managing finances can be tricky at the best of times, but imagine finding yourself unable to […]
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How to manage your parent’s financial affairs
Associate Solicitor Stuart Adams, from Penningtons Manches LLP, shares his advice on how to deal with organisations such as banks, building societies and utility companies on your parent’s behalf when there is no Power of Attorney in place. While it’s your parent’s right to manage their own financial affairs, advancing age, illness or disability can […]
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