Managing Money: A Caregiver’s Guide to Finances
The Alzheimer’s Association Wisconsin Chapter is offering a new class, Managing Money: A Caregiver’s Guide to Finances. They are offering this class for free and virtually. This program will allow caregivers to learn about financial strategies for supporting their loved ones who may be diagnosed with Alzheimer’s. The program will be available statewide. It will be available on a regular basis with the first-class starting May 24.
Alzheimer’s disease is one of the costliest diseases. According to the 2022 Alzheimer’s Disease Facts and Figures Report by the Alzheimer’s Association, throughout the lifetime of someone with dementia, costs can total more than $377,000. It’s reported that seventy percent of that cost falls onto family caregivers. This cost is driven by hours of unpaid caregiving and out-of-pocket expenses for items ranging from medications to food.
About the Class
The program will discuss topics including tips for managing someone else’s finances, how to prepare for future care costs and the benefits of early planning. The program is open to caregivers of individuals living with Alzheimer’s, dementia or another chronic illness.