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By Angela Fields
Recently Diane Mull, the Regional Director of Education and Community Relations for Consumer Credit Counseling Service a division of Money Management International, presented a consumer credit seminar to Money Management volunteers and Elder Services’ staff. Volunteers learned about credit reports and scores and resources that may be helpful when trying to help their clients.
A recent survey indicated that credit card debt among persons 65 and older has increased dramatically since 1992. The high cost of medications and healthcare have also increased. It is no surprise that many people have to rely on credit to cover basic expenses.
The Money Management Program at Elder Services is designed to assist seniors who are at risk of losing their independence due to difficulties managing their household finances.
The program is available to people 60 years and older who have an income not greater than $22,947 for individuals or $32,470 for couples and with liquid assets of $35,000 or less. There is no cost to the client to participate.
Volunteers help sort mail, reconcile checkbooks, prepare checks for payment and develop budgets. All information is kept in strict confidence.
If you or someone you know would benefit from the Money Management Program, please call Elder Services at 499-0524 or 1-800-544-5242.
Angela Fields is Elder Services Volunteer Supervisor and Money Managment Program Coordinator.