Managing money
Day-to-day financial management
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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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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Options Available When a Financial Emergency Strikes
Collaborative Post Throughout life, there will be moments where we need to access funds that we may not have. This is considered a financial emergency, and it’s important to know what your options are when this happens. Here is a list of the many ways you can access money in a financial emergency. 1. Borrow […]
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Exploring Financial Benefits for Seniors
Collaborative Post When you have a senior or an elderly family member, you want to make sure they are getting the best care and financial support they possibly can, especially if their pension doesn’t cover everything. If you care for them, you might be spending more time helping them than concentrating on your job, which […]
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Smart Tax Planning for the Elderly
Collaborative Post Your twilight years are a time that you should be able to relax and enjoy, free from many of the hassles that plague working life. Unfortunately, taxation is one thing that you can’t escape. Even when you’re elderly, you’ll need to be aware of your financial affairs. Taxation might not be the most […]
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