If you have an elderly loved one that you think could benefit from using more tech in their financial life, you’ll be glad to know that there are all kinds of ways that you can introduce technology to your loved one in a way that it will immediately be beneficial to them, even if there’s a bit of a learning curve with how to put this tech into practice. But when your elderly loved one knows how to use these tools, they can take this knowledge with them for the rest of their lives, whether you’re there to help them look after things or they move into a senior living facility.
To help with these, here are three tech tips to help seniors manage their money.
Find A Tool With Visuals They Like
For many older people, they’ve had a way of managing their finances that has likely worked for them for decades. But while their way of doing things might work for them now, when things change in their life, they might benefit from having a new system to help them keep better track of things and not rely on themselves so much.
To help them find the tools that can help them with this, you may want to focus on tools that have visuals that your elderly loved one likes to look at. Because so many tools are going to have similar functionality, if there’s a finance or budgeting tool that your loved one really likes the look and feel of, this is the one that you should encourage them to use so that they can better visualize what’s going on with their money.
Get Their Bills Paid Automatically
As people get older, it’s common for things to start slipping their mind. But when it comes to your bills, you don’t want to forget to get things paid on time.
To help your elderly loved one with this, you should have them sign up for automatic bill pay for any and all of their accounts. This way, things will always get paid on time and they’ll never have to worry about having bills sent to collections or services being stopped.
Use Your Phone Like A Bank
So many seniors are used to having to go to the bank to take care of all their finance needs. So if you know that your elderly loved one still visits the bank for things like checking in on their account or depositing checks, you can teach them how to do all of these things from their phone.
Especially for seniors who have mobility issues, knowing that they can deposit money to their bank account without having to leave their home can be a big weight off their shoulders.
If you want to help your elderly loved one to better manage their money, consider using the tips mentioned above to assist them with this.
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