Caring Of Aging Parents And Finances
Our parents have molded us to what we have become until the day that we attain our independence from them. Surely we have grown a lot; we have moved on to college, built our own families and have children of our own. But one thing that matters most during our middle ages is the thought that haunts us, “who will take care of my aging parent?” Surely, a child doesn’t want to let their parents suffer old age unattended; however as the so called sandwich generations; it is sometimes beyond our means to provide for our family and our parents.
Their retirement savings may not be even enough to cost for a retirement package suitable to take care of their needs. But before we even attempt to discuss retirement and aging with our parents, let us first take a look at different warning signs of aging: (1) poor grooming and hygiene, (2) loss of appetite, (3) spoiled and outdated foods in their refrigerators, (4) diminished driving skills, and (5) loss of interest in their usual activities. It is better to discuss this with our parents before we even attempt to decide for them. Sometimes our parents are too sensitive regarding the
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There are several ways on how we can help our parents during this time of change in their life. We could seek professional help for those providing geriatric care either in a nursing home for the elders, those providing care daily at homes or even medicare supported benefits. What we should consider would be the cost, not only initially but sustaining the care we want our parents to receive. We could also seek help from members of the local church our parents are members of.
Surely church mates won’t bother giving volunteer service and helping each other attain a high value of living. However, we should always consider that taking care of our own parent would be better. According to 1 Timothy 5: 4, “If any widow has children or grandchildren, let them first learn to practice piety in regard to their own family, and to make some return to their parents.” As we have learned virtue from our parents, it is better to give back something we have earned from our means of living. It is something of gratitude that we honor the sacrifices our parents did to help us achieve what we have become.
We may have had problems with them before, but resolving them would be better especially during these times when parents seemed to be guilty. Knowledge that can be imparted from grandparents to grandchild would be indispensible and would be a rich source of experience for the children. The key to successful care for our parents would be contentment which according to Hebrews 13: 5 – 6, “Let your character be free from the love of money, being content with what you have; for He Himself has said, ‘I will never desert you, nor will I ever forsake you,’ so that we confidently say, “The Lord is my helper, I will not be afraid.“
2015 is nearing wherein it is estimated that the population of 85 years old and above would increase by 500%. It is now the time to act and brace ourselves and prepare for possible needs of assistance of our parents. It should not be foregone and let alone let our parents suffer aging alone.
Bryson M & Patelle M. Taking Care of Your Aging Parents. Retrieved from http://ezinearticles.com/?Taking-Care-of-Your-Aging-Parents&id=3550318.
Morrison G. Finances and Aging: 3 Things that Parents and their Adult Children should Know. Retrieved from http://www.lhj.com/relationships/family/finance/finances-and-aging/.