When people retire, their income isn't often as high as it was when they were working. The fixed income aspect of life becomes a challenge. Budgeting is essential. While the retirement income tends to stay the same, health care costs, utilities, insurance, and groceries will fluctuate. That fixed income may be very hard to make last for a whole month.
Even with all these routine expenses, there will be unexpected expenses. If something happens to your parents, the cost of senior care can seem impossible to manage. It isn't always easy, but there are things you can do to make it work.
Look at Cutting Expenses
Take a look at the expenses your parents have. Some of them may be easy to trim. Electricity companies sometimes offer senior discounts. Some cities and towns offer a senior discount on property and school taxes. Homeowner's insurance may be lower if you shop around and look for companies that offer discounts when the homeowner is retired and stays home most days.
When grocery shopping, bulk purchases save money on some things, but it's not always the best way to go. If there's no way your parents would use that big a bottle of shampoo, smaller bottles are better. If your parents have a freezer, sale meats will save money. Coupons and store rebates also help your parents save money.
Talk to a Social Worker for the Elderly
Look at your state's Agency on Aging and ask to speak to a social worker who specializes in the elderly. That person will have information on programs that can help you afford senior care. For example, military vets who were active during certain years may qualify for Aid and Attendance benefits that offer a small stipend to help pay for home care in certain situations.
Grants for family caregivers who need respite care services are also out there. It's worth seeing what is available, even if there's no guarantee you'll qualify.
Pair Senior Care Services With Family Caregiving
Some aspects of your parents' care will be things you can handle on your own. Help them with their finances. Be the one who takes them shopping on weekends. Help them do the laundry once a week.
Talk to a home care agency to ask about the senior care services that will benefit your parents. You may find that with careful planning, a balance of family caregivers and professional caregivers is very affordable. Your parents have the best care without exceeding their budget.
If you or an aging loved one are considering senior care in Wheat Ridge, CO, please contact the caring staff at SYNERGY HomeCare West Denver. Call today: (720) 263-6060.