Whether it’s mobility, medical care, money or day-to-day errands and tasks, helping out your aging parents is an emotionally and financially taxing process. Here are some tips to help you through it all.
Understand The Role Reversal
As we take on the responsibility to care for our parents or other family members, we’re actually changing the role we have within the family. It’s a reversal of roles and responsibilities, and one that can seem disorienting or even confusing. So, take a moment to acknowledge the new reality.
Have the Talk
It’s your turn to have a ‘talk’ with your parents, one where you understand their financial position, and step in to help them manage their finances and life better. Some tips on how to do this right:
Don’t forget to care for yourself
Helping an aging parent is rewarding but it can easily become a source of chronic stress.
It’s easy to neglect your own needs and wellbeing, but that will just jeopardize your own health, and also affect your ability to care for and connect with your parents. Talk to friends, join a support group, set boundaries, or ask for help.
We’re here for you
What if you could help your parents, and yourself, financially and emotionally? You can. Our Money Coaches will help you navigate this heavy lift by creating a personalized plan, helping you stay on track, and offering emotional support.