Financial Literacy for Everyone
Follow Us
FacebookTwitterYouTube
For Broadcasters

Sign up for our weekly email and learn how you can play Jason Alderman's weekly Practical Money Matters on your station. Learn more

Subscribe
Summit 2014

Watch the 2014 Financial Literacy Summit
Watch the Financial Literacy Summit webcast that addressed financial literacy needs of the unbanked and underbanked
View webcast

PMM articles

Practical Money Matters
Disputing a credit card charge? Graduating? Leasing a car? Learn important tips from our weekly article series.
Read now

social media

Connect with us!
For daily money tips, quips and pics, follow us on social media.
Like us on Facebook
Follow us on Twitter

Practical Money Matters Radio Series

January 28, 2013
Do your Parents Need a Financial Intervention?


Could your parents be in over their heads financially? Learn how to determine when there is trouble, and how you can step in to help.

Transcript

People used to managing their own finances will sometimes hesitate to ask for help – or not realize they need it. Watch for warning signs your parents are in over their heads, for example:

  • Unpaid bills, late payment notices or utility shut-off warnings.
  • Calls from creditors or collection agencies.
  • Choosing between filling prescriptions or buying food.
  • Unnecessary home improvements; or signs they can't afford needed repairs.

Offer to help your parents get organized by:

  • Creating a detailed budget so they always know how much money comes in and goes out.
  • Creating files for important paperwork like loans, medical bills, utilities, bank and credit card accounts, and legal documents.
  • Helping with tax preparation.

Bottom line: Don't be afraid to offer help. Your parents have helped you all your life.


Related Articles

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Message:
Enter code:


The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.