Problems managing money can be one of the first noticeable signs of dementia. To provide support while respecting the person’s independence, a family member or trusted friend can help by:
- Watching for signs of money problems — Trouble paying for a purchase or a pile of unopened bills may indicate money issues. Start a conversation about services that may help the person manage their expenses.
- Setting up automatic payments — Arrange for utilities, mortgage, rent, or other expenses to be paid through automatic deductions from a bank account. This step will make sure that bills are paid correctly and on time.
- Establish consent to manage finances — To prevent serious problems, consider getting legal permission to access and manage the person’s financial affairs.
Learn more ways you can help a loved one with dementia manage their finances.