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Tag Archives: paying elders bills

When Parents Reject Your Ideas

Trying to help parents with their finances can be frustrating. We may see clearly what we think our parents should do, yet they may refuse. When it comes to parents and their money, adult children need to tread lightly. Parents may resent their children’s interference. They may fear they will lose their independence. We need […]

Should You Automate Your Parents’ Bill Paying?

Handwriting checks is time consuming. Many of us no longer write checks to pay our own bills. If you are helping a parent or an older loved-one with bill paying, he or she may be resistant to newer methods. Paper checks are familiar to many seniors and make them feel safe. Should you transition your […]

Avoid Making a Mess of Your Parents’ Finances – Part II

Messes are sometimes what results when well-meaning adult children take over their parents’ checkbooks. In my last blog, I gave three best practices for paying elders’ bill. In this post, I offer three more: Keep your money separate. If you have a joint account, deposit only your parent’s money into it, and pay only your […]

Avoid Making a Mess of Your Parents’ Finances – Part I

As our parents age, we may find ourselves taking over their checkbooks. Their bills need to be paid even when they can no longer write checks themselves. In my work as a daily money manager I have seen many interesting arrangements. Although they mean well, adult children sometimes handle their parents’ daily finances in ways […]