May 11, 2021 by Carefect Admin

Tips on How to Talk to Your Ageing Parents About Their Finances

When it comes to the discussion of finance, takes a gentle touch and a respectful tone to facilitate a conversation. You can never have enough sensitivity when it comes to discussing the future of your ageing parent's finances. The tact necessary for this discussion will stem from a supportive stance. It may be difficult to know when to initiate the conversation, however, it may be better to start the discussion earlier rather than later to set a foundation of trust before it becomes necessary. The following is a step-by-step guide...

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January 25, 2021 by Carefect Admin

Online Shopping Safety Tips for Seniors

Online shopping has been growing in popularity over the past few years, however, with the increased lockdown procedures of COVID-19 online shopping has become more popular than ever. People are spending more time shopping online to stay safe rather than doing it in-store. This is a great way to physically distance and stay safe from catching the coronavirus but there are disadvantages to predominantly shopping online. One is that there are cybercriminals who would take advantage of online shoppers through a variety of different schemes. All people, especially seniors who...

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January 18, 2021 by Carefect Admin

Advantages and Disadvantages of Having a Joint Account with Your Elderly Parents

The decision to manage finances can weigh heavily on families, especially the finances of an aging parent. Properly managed finances can bring a sense of safety and security, not only to aging parents or family members, but also to their children or adult caregivers. Especially with the increase in online shopping, it is easy to manipulate those who are not as computer literate, as well as those who may not be able to recognize online scams. Furthermore, as we age, care tasks like paying bills and other financial responsibilities can...

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October 17, 2013 by Carefect Admin

Frugal Living Tips for Seniors

Many people choose to live a frugal lifestyle, but frugal living can be especially important for seniors as many seniors live on a fixed income. Following simple tips can help seniors live a more frugal lifestyle while still living comfortably. There are many areas where seniors can cut back in order to be more frugal, and seniors can decide which areas are the easiest for them to cut back in based on their interests and income. In this article we would like to offer some frugal living tips for seniors...

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