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Caring Senior Service of Scottsdale

Caring Senior Service of Scottsdale Blog

Providing senior in-home care tips and stories for everything related to senior care.

Sandwich Budgets for a Sandwich Generation

Posted by Ruby Cemental on Aug 15, 2017 5:30:00 PM

Adult_Daughter_stressed-LR.jpgWhen you’re caring for both, children and seniors, it can be easy to lose track of yourself. You’re busy budgeting for everything your kids and parents need. So you might forget about what you need and what your spouse needs too. It’s important to maintain a sense of balance. And this doesn’t mean that you have to spend less. It just means that you have to spend in a smart way. Here are a few tips:

Write Down Everything You Spend

At times, writing things down makes it more real. You’re going to keep in mind that you have to write something down. So you might spend less as a result. Plus, writing something down also helps you to total it up later so that you come to know exactly how much you’ve spent in a day or on a certain project. So you can adjust this amount as time goes on.

Make Sure Your Spending Is Rounded

What this means is that you have to spend sensibly on everything. Your spending should not be lopsided. You can’t spend more on your kids (except at back to school time) than you do on yourself or your seniors. You can’t spend more on clothes and less on food. You can’t buy expensive shoes and then only have a minimal amount left to spend on clothes. Everything needs to be rounded. So make sure you go over all your expenses to try and figure out where you might be spending more and where you’re spending less.

Try Using Only Cash                                                                           

Sometimes, it gets very confusing when you use cash, debit cards and credit cards. Instead, try using only cash. Figure out how much money you have to spend on back to school supplies. Then take it all out in cash. And use only that when you go shopping. This way, you’re sure to know when you’re overspending.

At Caring Senior Service, our expert staff is comprised of extremely knowledgeable, friendly, and trusted professionals who take pride in helping your loved one manage their daily activities. Contact us today to learn more!

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Topics: The Sandwich Generation

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