As American life expectancy increases, it is increasingly likely that adults will end up caring for an elderly parent or relative. Being a family caregiver comes with many responsibilities, including dealing with financial and legal issues, and balancing the needs of all involved.
Finances of Caregiving, a new five-part series from ISU Extension and Outreach will be held Tuesdays, Sept. 19 through Oct. 10, 6:30-8 p.m. at the Story County Extension office in Nevada.
The series covers key issues designed to equip caregivers to meet the needs of their family member; in addition, it highlights ways to protect the caregiver’s own financial well-being.
“For most working Americans, becoming a caregiver affects their finances, whether by reducing earnings or increasing expenses,” said Barb Wollan, ISU Extension Human Sciences Specialist in Family Finance. “Caregivers can reduce financial risk by considering and planning for their own long-term financial well-being even while caring for a loved one.”
The program’s dual focus on the well-being of both caregiver and care receiver is useful for family members who provide support many ways.
“Being a caregiver does not necessarily mean having someone living in your home,” Wollan points out. “Caregiving includes many different roles, including assisting with transportation or household tasks. It may mean reducing work hours or leaving work entirely, which has substantial impact on both short-term and long-term finances.”
Finances of Caregiving helps caregivers to gather information, become aware of resources, and consider the overall financial impact of caregiving in order to make the best possible decisions for all who are involved.
The registration fee for Finances of Caregiving is $35 per person or family.
Pre-registration is required by September 18; contact Story County Extension at 515-382-6551. More information can be found at www.extension.iastate.edu/story. Fees for service will be used to offset direct expenses and to support the Human Sciences County Extension program.