Sep 7, 2017 by Linnea Frericks
Each September numerous cities and organizations around the country participate in Healthy Aging Month. Healthy Aging Month is a time when people around America can focus on the life choices and events that lead to a positive aging experience and a high quality of life. Among the many aspects of life to be considered are physical, social, emotion, mental, and even financial decisions.
Many seniors do not realize the large impact their financial health can have on their overall well-being. While money cannot buy happiness, seniors who are financially stable often have less stress, fewer instances of malnutrition, higher levels of physical fitness, and have a significantly greater rate of in-home support.
Financial stability does not mean that a senior is rich or keeping up with the Joneses. Not every senior will be able to travel the world, purchase a yacht, or even afford a new luxury car. Instead, it means that a budget has been established that allows a senior to live within their means and still have their needs met. As part of Healthy Aging Month, seniors should review their budget and consider the following items:
Emergency Fund. Put a small amount away every month into a saving account in case of an emergency. It may be an unexpected medical bill, a problem with the car, or an emergency trip to see a loved one. Having money set aside not only reduces stress, but it creates peace of mind.
Consider downsizing and reducing accumulation. Many seniors live in the same home they raised their children in. They no longer go upstairs or down in the basement due to mobility issues; yet, they pay for the heating and cooling for a place that is far larger than they need. At the same time, many seniors could generate a lot of extra income by selling off items they no longer need, use, or want.
Look for ways to save. From cutting coupons to cutting out the cable, there are ways to save money every day. Many seniors will find that they can save hundreds to thousands of dollars each year by switching from an expensive cable or satellite connection and simply getting a Hulu or Netflix account. Many local eateries and establishments may also offer senior discounts. You simply must ask.
Comfort Keepers home health care. Most seniors want to remain at home as they age, yet physical or cognitive issues may make this difficult. By planning for in-home care well before it is needed, seniors can ensure they are able overcome the challenges that may have forced them into a nursing home. Comfort Keepers home health care even specializes in dementia and Alzheimer's care.
For more information about Health Aging Month, the importance of financial planning, or the many ways Comfort Keepers home health care can benefit your senior loved one, contact a senior home care coordinator today.
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