Three Ways to Balance Your Parents’ Care Needs and a Tight Budget

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After retirement, senior citizens spend around $3,800 per month. Even with a home with no mortgage, there are often property taxes, heating/cooling costs, water bills, and utilities to consider. Medical care and health insurance, dental care and insurance, car expenses, and groceries add to monthly expenses.

Elder Care in Boca Raton FL: Balance Care Needs With Tight Budget
Elder Care in Boca Raton FL: Balance Care Needs With Tight Budget

When it’s time to arrange elder care services for your parents, it may seem difficult adding another expense to an already tight budget. Here are six ways to make this balance a little easier.

Go Over Expenses and Look for Ways to Trim Them

Go over your parents’ expenses and see what can be trimmed. If your parents don’t bundle home and auto insurance, they could save a lot of money doing so. If they have cell phones and a landline but never use the landline, they’ll save money getting rid of it.

Other bills to look at include cable TV, newspaper delivery, and heating fuel. If they have fuel delivered, they may get a better rate by joining a co-op or switching providers. Talk to their town, too. Some areas discount property taxes when you turn 65.

Stop Splurge Purchases

In retirement, your parents deserve to enjoy themselves. If they are spending a lot of money on splurges, they need to look at what to cut. If they go out to eat every night, they’re wasting money. They could have a caregiver come to their home and cook meals if they hate cooking.

Are they eating out because it’s hard to shop for groceries for just the two of them? When your parents buy groceries and throw them away, it’s also a waste of money.

If they like to cook but struggle with portions now that they live alone, a meal service like Hello Fresh or Blue Apron can help with portioning. Plus, the groceries they need are delivered right to the home. Some grocery stores partner with services like this and sell the kits right in the store.

Help Them With Care

They do not need to hire elder care aides all day, every day. With the help of grandchildren and children, your parents could have elder care services one or two days a week and rely on others the rest of the time.

Sit down and discuss the help your parents need. Then, look at your schedules and see who is free during the week and on weekends to help with those tasks. You’ll pair family caregiving with professional elder care to ensure they’re never alone and struggling.

If you or a family member are in need of hiring Elder Care in Boca Raton, FL, call the caring professionals at Star Multi Care today at (954) 870-4770. Providing service in Boca Raton, West Palm Beach, Delray Beach, Boynton Beach, Weston, Southwest Ranches, Pembroke Pines, Cooper City, Lighthouse Point, and Wilton Manors.


About the author: Stephen Sternbach
Stephen Sternbach has been the Chairman of the Board of Directors, President, and Chief Executive Officer of Star Multi Care Services since 1987. After the sale of the New York and New Jersey operations of Star Multi Care Services, Sternbach brought the company private where he remains President and CEO of this newly developed $22M home healthcare company. With Sternbach at the helm, Star Multi Care Services employs more than 550 employees, in six offices throughout Florida, Pennsylvania, Ohio and New York. From 1978 to 1986, Sternbach was associated with Automated Data Processing, Inc. (“ADP”)–a provider of information services, where he held several marketing positions before becoming the Director of Sales. 1999-2008 Sternbach was an active participant on the Board of Directors for Proginet–a computer software company based in Garden City, New York. He also served on the Board of Trustees of the Long Island Chapter of the National Multiple Sclerosis Society from 1996-2002. In 1996, Stephen Sternbach was named “Entrepreneur of the Year” by Ernst & Young, Paine Webber and NASDAQ. Sternbach was also named in Crain’s New York Business Article, “40 Under 40” Successful Business Executives/Future Business Leaders in 1995. While maintaining a diversity of business and personal interests, Sternbach concentrated most of his efforts over the past 28 years towards continuously improving the quality of services delivered by the Star Multi Care Services’ family of companies. Stephen Sternbach holds a Master of Public Administration from Syracuse University – Maxwell School of Public Administration and a Bachelor of Arts in Industrial Relations and Personnel Administration from Ithaca College.