KPBS has provided a touching video and a great news segment today on seniors “Needing Elder Care When Family is Missing.” The sad reality is that there are many seniors who live alone and live below poverty level with no one to care for them. They have no spouse nor children who they can rely… [Continue Reading]
Save Money for Elder Care! 5 Tips to Put an End to Family Mooching
As the elder (and financially stable) member of your family, you may get a lot of requests for money. After all, your home is paid off, your kids are grown, you have fewer living expenses, and even though you’re on a fixed income, it’s not like you really need the money, right? At least, that seems to be the mentality of your kids, grandkids, and possibly even great-grandkids. While you’re happy to help your family when you can, you’re starting to feel like an ATM! Besides that, the fact that you’ve paid your dues and entered retirement means that you now have the leisure time and savings needed to start the business you’ve always dreamed of or begin crossing international cities off your bucket list. But how can you say no when your family members come looking for a handout? Here are a few tips to stop the mooching so you can once again look forward to seeing your family. Adopt a “no loan” policy
