The South Shore Elder Service (SSES) Money Management Program is a FREE service for elders whose independence is at risk due to difficulty managing their finances.
Signs that might indicate that an elder needs assistance with their finances:
– Elder can’t remember writing checks or forgets to sign them.
– Elder has difficulty separating bills from junk mail.
– Unopened mail is piling up.
– Elder is responding to mail or phone scams.
– Elder is unable to maintain a checkbook register or to reconcile their bank statement.
– Elder lacks ability to manage a budget.
How the Program Works
South Shore Elder Services (SSES) trains and monitors volunteers who
– Meet with elder at least once a month
– Prepare monthly budgets
– Write checks to help with bill paying
– Balance and reconcile check book
The elder maintains full control over his/ her money. The bill payer never signs checks or makes financial decisions for the elder. Within specified guidelines, client funds are insured by The American Association of Retired Persons (AARP).
Who is Eligible for the Money Management Program?
– Elders age 60 and over who do not have friends or relatives that are able to assist.
– Elders who would be at financial risk without some assistance.
– Elders who meet certain income and asset requirements.
Becoming a Money Management Volunteer
SSES provides training and technical assistance to persons wishing to become a volunteer. SSES asks for a minimum commitment of one year in order to develop trust and continuity for the elder.
The Money Management Program is jointly sponsored by AARP, Mass Home Care, the Executive Office of Elder Affairs, and South Shore Elder Services, Inc.
Call South Shore Elder Services (SSES) Information and Referral Department at 781-848-3910.