WHEN YOUR LOVED ONE IS ABUSED IN A NURSING HOME: A PERSONAL STORY

My sister opened the door of our mother’s nursing home room one afternoon just in time to see the nursing assistant hit her. It was a real haymaker that snapped Mother’s head back.

“Why did you hit my mother?” my sister asked.

“I asked her to sit up and she didn’t,” the young woman replied. Our mother was....

….FULL ARTICLE

MARRIED COUPLE MEDICAID ASSET PRESERVATION USING RESOURCE ASSESSMENTS

Medicaid Resource Assessment are an important tool to understand and utilize when one spouse is in need of long term care. A portion of the Medicaid rules is designed to protect the community spouse (spouse at home) from impoverishment and unnecessary dissipation of family assets. Only the institutionalized spouse (spouse in a facility) is required to have assets of $2,000 or less and a pre-paid funeral.

….FULL ARTICLE

CAREGIVER SUPPORT GROUPS: IS THERE ONE THAT’S RIGHT FOR YOU?

If you’re a caregiver, you may have already read articles about the importance of preventing burnout. Usually these articles include a suggestion to join a support group. Perhaps you’re reluctant to do so because you wonder what caregiver groups are all about and whether joining one would really help you.  The overall goal of caregiver support groups is to enhance participants’ coping skills through mutual support and information sharing. Objectives may include:.....

….FULL ARTICLE

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Teach your children to save for a rainy day as well by putting their gift money or part of their allowance in the bank. By helping them be aware, you may find you step up more to the task.


SOURCES & RESOURCES:

www.bankrate.com

We all know we need to save money, but many of us put off saving. We need to develop a rainy day fund. Having a “rainy day fund” gives you the peace of mind of knowing you are secure and better prepared to meet unexpected expenses.


Bankrate’s Financial Security Index says 20 percent of individuals do not have any money saved. Only one person in five has sufficient funds to cover three months of expenses. Everyone should commit to saving even a small amount monthly. It will add up and become more useful over time.


A rainy day fund should not be confused with an emergency fund. An emergency fund is money saved for times of unemployment and extended illnesses, when it is necessary to find the money to pay everyday expenses such as a mortgage, groceries and utilities as well as medical bills. An emergency fund is usually a savings of $10,000 to $15,000.


Rainy day savings are far smaller. This is the money you use to pay for service when the washer or dryer breaks down or to cover a few sick days or an occasional unexpected doctor visit, car repair or prescription. It is not for funding a vacation or the purchase of a new car. A rainy day fund typically is $1,000 to $5,000.



SAVING FOR A RAINY DAY

To build your rainy day fund, you may want to cut expenses or create extra income. There are two kinds of “rain” here:


Predictable rain:

Car insurance, property tax, car registration – expenses you know are coming and how much they are.


Unpredictable rain:

You know the expense will come, you just don’t know how much or when.


Save for both.

Here are some strategies for starting a rainy day fund:


JEAN JEFFERS

Jean is an RN with MSN from the University of Cincinnati. She is a staff writer for Living Well 60 Plus and Health &Wellness magazines. She has an article in the Fall 2016 issue of Today’s Christian in the Mature Years.

more articles by jean jeffers