How can I help my elderly parents manage their finances?
It's great that you want to assist your parents! Start by reviewing their income and expenses together.
What tools or resources can I use to track their expenses?
You can use budgeting apps like Mint or YNAB, or even a simple spreadsheet to track their expenses.
Should I consider setting up automatic payments for their bills?
Yes, setting up automatic payments can help ensure bills are paid on time and reduce stress for your parents.
What if they have debt? How should we handle that?
If they have debt, consider speaking with a financial advisor to explore options like debt consolidation or repayment plans.
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