Caregiving & Finances
Balancing life’s caregiving responsibilities presents financial challenges for women while caring for their kids and as well as for their aging parents.
Women are typically the caregivers taking care of their children and their parents. It’s time-consuming, takes your time away from a paying job, and is draining on your own physical and mental health, and can elevate your personal financial worries as to how to pay for the care of others while not dipping into your own savings. Learning about your parent’s financial situation so that you can help them and be an effective caregiver while maintaining your own income and savings is critical.
As a caregiver, you need to create a financial checklist for yourself so you do not go into debt. Your own financial stability is primary.
At Savvy Ladies, we offer the support and guidance you need. We listen to you and will help you with solving your problems. We offer resources and free 1:1 financial mentoring to assist with the questions you may have.
Articles on Caregiving & Finances
Reaching Financial Independence On Any Income
By: Nadia Busseuil The movement is gaining popularity, but the news still hasn’t reached the majority of women. F.I.R.E. is an acronym that stands for Financial Independence Retire Early. Even if retiring early is not your main agenda, the premise of F.I.R.E. can help...
Longevity Brings Increased Risk of Cognitive Decline (A Planning Issue For Women)
By: Michelle Petrowski, CFP®, CDFA Although not yet retired myself, years ago, when I was a young mother with 2 children under the age of 3, I became the caregiver to my dad, who was disabled in his mid-50’s. My parents had divorced after 30 years of marriage and...
6 Ways to Help Your Elderly Parents With Finances
By: Venessa Worthington Whatever age your parents are, it’s never too soon to begin talking with them about their finances. You want to be sure your parents are well taken care of, so it’s vital to check in with them on their money situation. Here are six ways to help...
Protecting Yourself and Your Loved Ones From Credit Scams
By: Marguerita M. ChengHow to Protect Your Credit from ScamsProtecting your credit from scams is an ongoing battle. If you’re feeling overwhelmed, you’re not alone. Research shows people aren’t as savvy at identifying scams as they think they are. Plus, you don’t...
Grief: How to Help Yourself & Others Without Losing Your Mind
Grieving is a painful, scary, and devastating for just about everyone. Here are some useful tips for those of you helping someone through the grieving process.
On the 12 Days of Christmas
by Susan HirshmanAs I was driving the other day, the song … On the twelve days of Christmas my true love gave to me….came on the radio. It made me think – who really is our true love and what is it really that we want.Who really is our true love? Well, I...
Long Term Care Insurance for Women
Did you know that, on average, women outlive men by about five years? With more than two-thirds of Americans age 85 or older being women, long term care is essentially a women's issue. Lack of early planning around can end up being too costly for women in the long...
Financial Freedom for Special-Needs Families – planning essentials
Families with special-needs members do not plan because they don’t know where to start and are afraid to begin. Financial Freedom for Special Needs Families helps families get started, first by taking time to address their fears and then by taking them through a...
Estate Planning: The Best Gift You Can Give Your Family
Learn how to make sure your kids are taken care of no matter what, how to protect your children's inheritance from bankruptcy, lawsuits, and divorce, and how to ensure your assets go to your heirs and not the government or lawyers. About Laura: Attorney Laura Cowan’s...
