8 warning signs your older parents may need help with their finances…

December 30th, 2015 No Comments

8 Warning Signs Your Older Parents Need Help With Their Finances

If you’re like many baby boomers who are concerned about their senior parents’ financial situation, you’re not alone. Would you recognize warning signs that they may need some help handling their money? Below is a list of 8 signs that may warn you of their need for some extra help:

  • 1. Do you see mail unopened accumulating?
  • 2. Are they becoming forgetful with cash?
  • 3. Are they receiving calls from creditors?
  • 4. Do they bring home expensive purchases?
  • 5. Are their gambling habits becoming excessive?
  • 6. Have they become victims of financial scams?
  • 7. Do they complain about how much everything costs?
  • 8. Are they physically unable to pay their bills?

If your parents are showing any of these 8 signs, you may need to intercede. Have a conversation with them and express your concerns. Having a neutral third party may make the conversation easier.


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