Achieving better financial control
Good advice for American seniors
Financial matters affect all our lives, but as seniors finances may play an especially large role in our well-being. At this stage of life, priorities often change, and new realities influence our spending and saving habits. That’s why it’s a good idea to take a step back and make sure we’re on a financial path that truly serves our interests. By managing our money well, we’ll have an easier time achieving the lifestyle we want.
It’s important to remember that sustaining healthy finances as a senior or elderly individual often requires taking some special factors into consideration. For example, our goals for the immediate and more distant future are probably very different from what they were a few decades ago. We may also have close relatives who want to help us, who need financial assistance of their own, or who may inherit our assets. Plus, we can’t ignore our health and care needs, or the fact that protecting our financial resources becomes increasingly important as we age.
The Great Senior Living website has put together this helpful piece which covers goals, planning, budgeting, and sources of help and support. Important reading for any older American, especially if you’ve been putting off serious thinking about your finances!