Thanks for sharing this lovely story. Reminds me of my own Great Aunt Myrtle who lived frugally in much the same way, still caring for ailing neighbors 20 years younger than her 80+ years. These examples do in fact remind us of just how wealthy our own modest belongings make us and that we can be content however life unfolds.
In our case we also keep a loose leaf binder with copies of bills and bank/investment statements such as credit card statements and property taxes with hand written advice on how and when paid and where any on line passwords are stored. Hopefully will help the survivor feel certain they are dealing with the correct account. We also keep a calendar of what gets paid when to hopefully avoid missing anything.
Very pertinent and timely article as I near my 68th birthday. Speaking from experience with managing my Mother's finances and reading related to same the scariest factor is the loss of judgement and ability to recognize our own decline. Further concern for a spouse that may survive the primary finance manager without the same skill set is of importance in planning for what may happen as well. Richard, Always look forward to you postings for their clarity.
Comments
Thanks for sharing this lovely story. Reminds me of my own Great Aunt Myrtle who lived frugally in much the same way, still caring for ailing neighbors 20 years younger than her 80+ years. These examples do in fact remind us of just how wealthy our own modest belongings make us and that we can be content however life unfolds.
Post: Everything She Needed
Link to comment from November 15, 2023
In our case we also keep a loose leaf binder with copies of bills and bank/investment statements such as credit card statements and property taxes with hand written advice on how and when paid and where any on line passwords are stored. Hopefully will help the survivor feel certain they are dealing with the correct account. We also keep a calendar of what gets paid when to hopefully avoid missing anything.
Post: The Mary Jean List
Link to comment from May 27, 2023
Very pertinent and timely article as I near my 68th birthday. Speaking from experience with managing my Mother's finances and reading related to same the scariest factor is the loss of judgement and ability to recognize our own decline. Further concern for a spouse that may survive the primary finance manager without the same skill set is of importance in planning for what may happen as well. Richard, Always look forward to you postings for their clarity.
Post: When I Get Stupid
Link to comment from November 9, 2022