Posts Tagged ‘home care Titusville NJ’

Avoid a nursing home! Home modifications help seniors stay safe in their own homes

June 25th, 2015 No Comments

Modifications to the home may help keep seniors safely at home longer

The majority of adults–90 percent of people over 40–want to age in their own homes for as long as safely possible. However, many times people end up in nursing homes due to a fall or other injury caused by perils in the home. The best way to stay at home safely–and avoid nursing homes–is by making the home senior-friendly through renovations. Some renovations are as simple as removing throw rugs, but others can be more costly, such as adding a stair lift or elevator. Assistive products, such as a walker, are also helpful to the senior who needs safety help at home.

In Maryland, a research project has started that brings professionals–handymen, nurses and occupational therapists–into lower-income seniors’ homes. This project will help determine how low-cost modifications will help seniors live independently longer in their own homes, saving thousands of dollars that would have been spent for nursing homes. A monthly stay in a local New Jersey nursing home is $8,364 for a semi-private room, according to Genworth Cost of Care survey.

Home modifications are an excellent idea; adding one more layer of safety for your loved one is having someone physically there with them, such as a Visiting Angels home health aide. We’re committed to helping seniors live at home as long as possible!

Modifications to the home can include:

  • Adding a grab rail on both sides of a stair way
  • Lowering kitchen cabinets
  • Adding a ramp on home entryways
  • Adding grab bars in the bathroom
  • Raising toilet seats
  • Fixing uneven floors
  • Installing levered door handles

Assistive products include:

  • Weighted flatware for those with grip issues
  • Walkers, canes
  • Chair and bed lifters
  • Safety bars on bed
  • Toilet handle grips
  • Non-skid bath mats
  • Automatic medication reminders

To read more on the Maryland program, read the story from CBS News: http://cbsn.ws/13JnkpS.

Tips on Repairing Debt During or Before Retirement

June 18th, 2013 No Comments

Repair Credit Before Retirement Aging Adults New Jersey

Many people dream that their golden years will be filled with leisurely days spent volunteering, tending a garden, globe-trotting and playing with grandchildren. However, due to heavy debt loads, many retirees are facing the reality of having to keep a simple lifestyle in order to survive. In fact, the average amount of credit card debt for people 65 and older averages $9,300, according to Kiplinger.com. Twenty-four percent of seniors over the age of 75 still have mortgages, the Business Insider stated. This is due in part to being part of the sandwich generation and providing financial support to both parents–perhaps to provide them with home care NJ services–and children simultaneously. Fortunately for many seniors, it is possible to get out of debt and build up a nest egg that will help make their dreams a reality.

Reduce Mortgage and Vehicle Debt

One way to cut expenses and debt is to purchase a used car when you’re in need of another vehicle. Buying used will significantly reduce car payments. For those afflicted with bad credit and in need of an inexpensive car, dealerships are stocked with thousands of used vehicles for your perusal. After solving your automotive woes, there’s still the issue of keeping up on your mortgage payments. One option to earn cash rather effortlessly is to rent out a spare bedroom or garage space to singles or young couples. It really won’t cost much to have another body or two in the house, which will enable you to apply the bulk of the rent check to the mortgage. However, if downsizing is in your future, don’t put it off any longer. You can take this opportunity to liquidate items you no longer use or want, thereby earning extra cash and making it possible to fit into a smaller, less expensive dwelling while the housing market is favorable for sellers.

Pay Off Credit Card Debt and Consumer Loans

If you’ve been carrying a balance on one or more credit cards, now’s the time to eliminate them by being aggressive in your payments or consolidating several cards and loans to reduce the overall interest rate. The most affordable way to consolidate is to take out a personal loan from your bank and use it to pay off all of your debts in full. Then you’ll only need to repay your bank loan, reducing the chances of forgetting to make a payment or having it get lost in the mail.

Tips to Become Debt Free Before You Retire

By becoming debt free before you retire, you can decrease your debt and increase your savings.

Get a second job. Now that the kids are out of the house, you probably have a few extra hours on your hands in the evenings and on weekends. Stay active, socialize and earn more by turning a hobby into a business or get a part-time job that’s flexible. Pet sitting, working in retail, tutoring, consulting, babysitting, house cleaning and delivering take-out are great ways to get more green in a low-stress work environment.

Work a few more years. By working longer, and not tapping into retirement accounts, you can add to them while they continue to grow. If you just work an extra three years, and save $10,000 a year, you can help your nest egg grow to support you for an extra 15 years, suggests an article from Forbes.

Stick to a budget. Adhering to a zero-balance budget keeps you from adding to your debt load, and will even help you pay off your debt faster if you keep your living expenses to the bare minimum. Say you are used to spending $200 on eating out each month. Commit to cooking at home, thereby saving $150, and toss that extra money at your debt.

By buckling down and putting the pedal to the metal, it is possible to reduce a significant portion— or all— of your debt before you retire. Having a paid-for home, vehicle and belongings will be the greatest relief of your life. It will enable you to savor every moment of your retirement rather than stress over monthly bills.

By Guest Author Kyle Sanford  | As a financial advisor and business writer, Kyle shares finance news and strategies that help small businesses improve operations.