Only five days into 2022 and Beyond Finance (d/b/a Accredited Debt Relief) is in the news. This time, the headline hits close to home: “Compassion Tests Limits When Your Family Members Need Care.”
Jim Katzaman writes a blog called “Get Out of Debt.” In this article shared by “Financial Strategy,” he discusses financial considerations for elderly caregivers. That could be a child, another relative, or even a dear friend. The point is money is not the only thing people have to struggle with when dealing with unexpected debt.
As he shares in the post, “You have to make hard choices to take care of your own finances first. If you are not solvent, you won’t be in any kind of position to take care of others.”
Then, he spoke to someone we know…
What Say You, Yolanda Schufford?
Katzaman shared a few tips from Beyond Finance/Accredited Debt Relief’s Chief Communications and Public Affairs Officer Yolanda Schufford.
Schufford gave key tips for caring for your family and elderly parents:
- Have a budget for your finances.
- Keep your parents’ money separate.
- Communicate clearly about how you use their money when it comes to their care.
- Document your actions.
Schufford gave key tips for caring for your family and elderly parents. [They include] have a budget for your finances, keep your parents’ money separate, communicate clearly about how you use their money when it comes to their care, and document your actions.Financial Strategy, January 5, 2022
Do your parents or elderly loved ones need help, but you are in no situation to provide it? Many of our clients graduate from our program within three years and only have to pay a percentage of what they owe. Consider this step for your entire family.
Debt is something you have; it’s not who you are. You know your debt does not define you, so why not get rid of it?
If you are tired of the collection calls and worrying about late payments, you can get a fast and free assessment to determine if debt resolution is the right choice for you and yours.