Ways to Save Money
In these hard times, money is hard to come by so you should know how to save it until things get better. Since it is a balancing act that is somewhat challenging, here are a few ways that can teach you how to save money. If you don’t want to lose your home like a lot of Americans have over the past year, you have to kill your debt first. You do that by calculating how much money you spend in a month and then see where the budgets can be made so there is money you can use to pay ...
Five Practical Ways to Save Money for Students
It can be hard to think of ways to save money especially for students since they don’t have their own money yet. This is because at times, for all the expenses while on campus, there is barely left to save. Although it is hard, it doesn’t mean that it is impossible for students to save money while studying. All they need is to develop good time management skills, strict budgeting, and practicality. If you are one of those who are thinking of ways to save money while on campus or even before you enter one, here are some of the ...
Six Simple Ways to Save Money
No matter where you look at it, there will be always ways to save money if the person has the will do so. If you are one of those who are trying to come up with ways to save money in this unstable economy, it is best to start with developing a simple lifestyle. When you are able to do this, the rest will follow. But, if you are one of those who are not sure where to start, here are some eight simple ways to save money. 1. Cut down on grocery or shopping sprees. Although buying groceries is a ...
Save Money Without Feeling Poor
Yes. You are feeling the economic crunch. Times are hard and you are finding it hard to even make both ends meet with the rising costs of basic necessities and the fact that you lost one of the part-time jobs that you are holding. This is the common scenario that people, not only in the US, is feeling. They may not have lost their jobs but they have certainly found it hard to earn extra. Can you blame them then if they look for ways to cut costs and save money? Although it looks like a pretty daunting task, it’s not ...
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An Option For Elders
March 8, 2010 by Best Ways To Save Money
Filed under Uncategorized
As a person gets older, they may find that it is harder to review the mail that comes in, pay the bills and deal with issues that may come up from time to time on those bills. Many times, an elder person can feel a bit overwhelmed at handling this task, particularly if the elder person is having health issues. At the same time, the elder person does not want to give up control of their finances.
At the same time, the children of the elder person want to know that their parent has paid the bills and that they are adequately provided for. They worry that the bills have been paid, that there is sufficient money in the account to cover the bills and that any excess funds are invested. They know that the elder person wants to keep control of their finances, but it is becoming increasingly difficult for them to do. It is even more of a worry when the children do not live in the same town as their parents.
Is there anything that can be done that will satisfy both the parents and their children? Actually, a service that is offered by many banks that have trust departments is an "agency" relationship. The agency relationship is not a trust relationship. The bank is acting as agent for the elder person, but only to have direct deposits of social security or income from other sources deposited there and to pay all of the bills for the elder person. The bank arranges for all of the bills to be sent to the bank, instead of the elder person.
Of course, there is a charge for this service, but it may well be worth it for the peace of mind that all bills are paid, all income collected and the information is organized in a report that will allow for the taxes of the parents to be done easily.
Denice Gierach is a lawyer and owner of The Gierach Law Firm in Naperville. She is a certified public accountant and has a master's degree in management. She may be reached at deniceg@gierachlawfirm.com. For more information on Denice and The Gierach Law Firm visit Gierach Law Firm
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