Financial Management Services
National Council on Aging: https://www.ncoa.org/older-adults/money/management/
Directory of Community Resources for Broward County Senior Citizens-Financial Assistance Page 127
Financial management services can be a valuable asset for seniors who may find it difficult to keep up with their day-to-day finances. These services can provide assistance with managing finances, budgeting, and bill payment to help seniors stay organized and on top of their financial responsibilities.
One of the benefits of financial management services for seniors is the peace of mind that comes with knowing that their finances being handled by a professional. This can help alleviate stress and anxiety that may come managing finances, especially for those who may be dealing with health or cognitive decline.
Additionally, financial management services can help seniors adhere to a budget and ensure that they are living within their means. This can be especially important for seniors on fixed incomes who may be on a tight budget. By working with a financial management service, seniors can create a budget that aligns with their financial goals and helps them make informed decisions about their spending.
Another key aspect of financial management services is bill payment assistance. For many seniors, keeping track of bills and due dates can become a challenging task. Financial management services can help streamline the bill payment process by ensuring that bills are paid on time and eliminating the risk of missed payments or late fees.
There are a number of resources available for seniors who are seeking financial management services. Many local community organizations and nonprofit agencies offer financial management programs specifically designed for seniors. Additionally, there are private companies and financial advisors who specialize in working with seniors and can provide personalized financial management services.
Some resources for financial management services for seniors include:
1. AARP Foundation’s Money Management Program: This program matches trained volunteers with seniors who need help managing their finances. Volunteers assist with bill paying, budgeting, and financial organization.
2. National Council on Aging: The National Council on Aging offers a variety of resources for seniors, including information on financial management and assistance programs.
3. Local nonprofit organizations: Many local nonprofit organizations offer financial management services for seniors, such as budgeting workshops, financial counseling, and bill payment assistance.
Overall, financial management services can be a valuable resource for seniors who may need assistance with managing their finances. By working with a professional, seniors can feel more confident in their financial decisions and maintain their independence as they age.