There are signs to watch for that will tell you when your elderly loved one needs help at home.
It is no secret that we are living longer. In fact, the life expectancy for women in the U.S. is 81.2 years and for males, it’s 76.4 years.
Still, that doesn’t mean that elderly parents or relatives will always be spry and able to easily manage their activities of daily living. How can you tell if your loved one needs help at home?
You don’t want to offend them by imposing something on them, but at the same time you don’t want something to happen that could have been avoided, had there been some assistance in place. Here are some signs to watch for:
Continue Reading Signs an Elderly Loved One Needs Help at Home
No matter your age, there are certain things that you need to do to prepare financially for retirement. The earlier you start, the better off you will be.
It is recommended that you put aside at least 10 to 15 percent of your annual income. You should put more away if you are closer to retirement and haven’t put much aside yet.
- Create an Emergency Fund
Creating an emergency fund will insure that you will have some money to help you out if a situation arises where you lose your regular source of income. It should have enough money to last you three to six months. It is for emergencies only, so a purchase of a new flat screen TV doesn’t qualify.
- Pay Down Debt
If you are struggling with debt, there is a technique by Dave Ramsey called the “Debt Snowball.” List your debts from lowest to highest. Pay the minimum balance on all of your debts, except the smallest, and pay down the smallest debt fast. Once your smallest debt is gone, move onto the next lowest debt and work on getting that paid. Continue this process until all debt is gone. Continue Reading Retirement Planning