Our parents are the ones who cared for us and made sure that all of our needs were met growing up, including teaching us about personal finances.  They taught us how to pay our bills and manage our money.  Unfortunately, there may come a time when you must help your aging parent as they struggle to pay their bills. Because many parents want to remain as independent as possible, they may not ask for help so be aware of the warning signs that parents need help with finances.  Talk to your parents about setting up automatic drafts for bills to keep bills paid on time.

For more helps read, “5 Tips for Helping an Elderly Parent or Relative Pay Bills.”