If able, the parent should pick up part of the bill and contribute to monthly expenses. Ideally, payments can be made to the caregiver from savings. However, many elderly parents have exhausted any savings with medical care or other matters by the time they move in with their children. If the parents have no savings, it is acceptable to ask for a percentage of any monthly pensions or social security. Don't feel compelled to become financially distressed just because you feel that it is your duty to care for them. The money that they have saved is just for this very reason.....their care.
If able, the parent should pick up part of the bill and contribute
to monthly expenses. Ideally, payments can be made to the caregiver
from savings. However, many elderly parents have exhausted any
savings with medical care or other matters...
More
Shelley Webb answered:If able, the parent should pick up part of the bill and contribute to monthly expenses. Ideally, payments can be made to the caregiver from savings. However, many elderly parents have exhausted any savings with medical care or other matters by the time they move in with their children. If the parents have no savings, it is acceptable to ask for a percentage of any monthly pensions or social security. Don't feel compelled to become financially distressed just because you feel that it is your duty to care for them. The money that they have saved is just for this very reason.....their care.If able, the parent should pick up part of the bill and contribute to monthly expenses. Ideally, payments can be made to the caregiver from savings. However, many elderly parents have exhausted any savings with medical care or other matters... More
