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10 Strategies for Taking Care of the Elderly Without Breaking the Bank
This post is for those of you who are struggling to find the best way to take care of your elderly relatives without breaking the bank. It’s a hard choice, and one that many people today are making, but we want to help by giving you some tips for financial security on caregiving. We hope this article will provide some pointers on how to get the most out of your limited resources and afford both yourself and your loved ones some measure of safety and stability.
1. Get a Second Job
If you’re caring for an elderly family member, chances are you’re not working as many hours as you used to. That means less money coming in and more mouths to feed every month. One way to supplement your income is by working a second job. Whether you work part-time or full-time, the extra cash will really help and give you some leeway should any emergencies occur where extra funds are needed.
2. Downsize Your Living Arrangements
If your elderly relative is living with you, try thinking about downsizing your living arrangement so that you can save on rent or mortgage payments (which will also cut down on utilities such as electricity and water). Likewise, you can also look into moving into a smaller home that will help you with your…
