Finances of Caregiving workshops begin

Finances of Caregiving is a new five-session workshop from ISU Extension and Outreach being held from 6:30 to 8;30 p.m. on Tuesdays from Oct. 16 through Nov. 13 at the Webster County Extension office. The program focuses on tools and strategies to assist caregivers in protecting their own financial well-being and maximize the financial and physical well-being of the person for whom they are caring.

As life expectancy increases, it is more likely adults will care for an elderly parent or relative. Twenty-nine percent of American adults are already caring for someone who is ill, disabled or aging. Being a caregiver may mean working hard to protect the financial well-being of the care recipient.

In addition, “for most working Americans, becoming a caregiver affects their own finances, whether by reducing earnings or increasing expenses,” according to Barb Wollan, ISU Extension Human Sciences Specialist in Family Finance. “Caregivers can reduce financial risk by considering and planning for their own long-term financial well-being even while caring for a loved one.”

Being a caregiver does not necessarily mean having someone living in your home, Wollan points out. “Caregiving includes many different ways in which people provide assistance, such as transportation or household tasks. It may mean reducing work hours or leaving work entirely, which has substantial impact on both short-term and long-term finances.” Finances of Caregiving helps caregivers gather information, become aware of resources, and consider the overall financial impact of caregiving to make the best possible decisions for all involved.

Preregistration is required by Oct. 15. The program fee for all five sessions is $35 per person or for two to three members of a caregiving family. Register at Call Webster County Extension at 515-576-2119 for more information.