Managing money
Day-to-day financial management
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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Saving money on your parents’ energy bills
Latest update for June 2020: For information about how to manage bills and get a better energy deal, visit Citizens Advice. This article has been updated in January 2019. Schemes and prices change all the time. For up-to-date information, it is worth visiting the Money Saving Expert’s website. We’ve searched far and wide to […]
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Summer energy saving tips for your parents
There will forever be tips out there for saving energy in the winter months, but did you know there are steps you can take to prevent your parent’s energy bill soaring in the summer? Whether your parents are turning up the air conditioning, using more water to run showers or using more electricity to power […]
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Heating guide for your parents and grandparents: how to stay warm and save money this winter
Updated October 2021 Britain’s elderly are hit the hardest by the cold at winter. In fact, according to Age UK, in winter an older person dies every seven minutes due to cold temperatures. It’s therefore crucial that their homes are a safe temperature. But for many older people on a limited budget the cost of […]
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