DailyCaring newsletters are for family caregivers, older adults, and professionals looking for practical tips, trusted resources, and real-world solutions for senior care. We offer guidance on senior housing, in-home care, safety, health, Medicare/Medicaid, products for older adults, and proactive planning.
How to stop the spending without the blow-up
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Hi Friend, Caring for a loved one who has dementia is a journey of a thousand small, quiet losses. One of the tougher moments is when we realize they can no longer navigate the world of money. If your loved one has stacks of unopened bills or packages they don’t remember ordering, your first instinct might be frustration. But as an advocate for older adults, I want to offer a different perspective: This isn't a lapse in character; it's a gap in protection. Our latest article, The “Invisible” Debt: How to Protect a Loved One with Dementia from Maxing Out the Credit Cards, offers some creative ways to install guardrails on a loved one's spending without diminishing their sense of dignity or independence. We also cover telemarketers and new AI-driven "voice scams" that can mimic a grandchild’s voice, and how to protect a loved one from these fraudsters. Caregiver Guilt and FinancesThere is a unique kind of "caregiver guilt" that can come with checking a loved one's mail or monitoring their bank account. It may feel like an invasion of privacy. In reality, it is a profound act of care. Until next week, Amie and Chris P.s. We are trying out something new this week, a poll! Would you let us know if you have dealt with a loved one's overspending? You will be able to see the overall results once you select your answer.
*Results will be shown after you click on a poll option above. You Might Also Like...New Video: Dementia and Credit Cards
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DailyCaring newsletters are for family caregivers, older adults, and professionals looking for practical tips, trusted resources, and real-world solutions for senior care. We offer guidance on senior housing, in-home care, safety, health, Medicare/Medicaid, products for older adults, and proactive planning.
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