Real Life Real Faith Women Walking By Faith May/June 2016 | Page 21

Money Talk With Tasha

Top Financial Concerns for Family Caregivers and Strategies That Can Help
By Latasha Kinnard

Caregivers

can face significant financial challenges as they take care of their loved ones. If you’re a

caregiver, it’s important to learn about the financial issues that can come with helping a family member

and how to handle these situations effectively.

You might be wondering why we are talking about this now.

As

Mother’s Day and Father’s Day

approaches, it is a good time to start thinking about how you will care for the people who brought you

into this world to ensure a smooth transition for everyone. This article will give you some insight.

These strategies will help:

1. Plan ahead. Planning can help you avoid financial challenges as a caregiver. It’s crucial to discuss your

role as a caregiver with your older family members before it becomes necessary.

•

Talk to your family members about caregivers and aging before they become dependent on you. Find out

what their plans are regarding the financial aspects of their elder care.

2. Try to continue working.

Caregiving

and benefits you can obtain.

•

can be an expensive role, so you’ll need all of the additional income

If you can continue working while providing care for a loved one, this may

help you with financial issues. One of the biggest challenges for caregivers is money because taking care

of an older adult can be very expensive. Plus, you still have your own family and its expenses.

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