Aging at Home Caregiving Finances & Legal Matters

4 Ways to Afford Home Care

Paying for home care in Dayton does not have to be a stressful task. With careful planning and a few creative ideas, it is very possible to pay for in-home care while on a budget.

1. Tighten the Budget

Many people are surprised at how much extra money they end up with when they follow a budget. When it comes to providing quality care for a loved one, it may be necessary to make a few sacrifices. If you eat out at a restaurant twice a week for dinner, you can reduce that to twice a month. There are tons of apps and online programs that can help you make and follow a budget, freeing up more money to spend on home care.

2. Pick Up a Part-Time Job

While most of us think of relaxing on the beach during retirement, many seniors choose to work part-time, often as a consultant, tutor, or part-time teacher. Aside from the additional money that can go straight to hourly or live-in home care costs, holding a part-time job helps seniors stay mentally engaged and promotes a sense of purpose.

3. Get Creative

Everybody has a talent or gift they can use to bring in some extra income, especially with handcrafted items more in-demand now than ever. Some ideas include:

  • Jewelry making
  • Sewing/knitting
  • Lawn care
  • House cleaning
  • Childcare
  • Meal preparation
  • Personal training/ Nutrition consulting
  • Refinishing furniture
  • Thrift store reselling

4. Save Automatically

Since saving money can be difficult, many banks offer the option to automatically withdraw a certain amount of money on a schedule of choice and put it in a savings account. It provides reassurance and peace of mind that the money will be there when needed. If you, your senior loved one, or other family members are able to contribute to costs, consider having a predetermined amount automatically deposited into a separate account with every paycheck.

Looking for trusted home care for your senior loved one? Turn to Home Care Assistance of Dayton. We offer hourly, live-in, dementia, Alzheimer’s, Parkinson’s, and stroke home care in Dayton. Our caregivers can assist with a variety of activities, including errands, shopping, light cleaning, bathing, grooming, and incontinence. For more information, please give us a call at [hca_phone] and speak with a friendly Care Manager today.

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