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How to be a better long-distance caregiver

May 26, 2021 By Liz Weston

Long pandemic lockdowns forced many older adults to become comfortable with video calls to stay connected with family. That in turn means that long-distance caregivers have a better way to see how their loved ones are faring.

“You can’t tell on the phone that they’re wearing the same clothes every day, or they’re not bathing because they’re afraid they’ll fall in the shower,” says Amy Goyer, AARP’s national family and caregiving expert and the author of “Juggling Life, Work, and Caregiving.”

More than 1 in 10 caregivers look after family or friends from a distance, which can make the task much more difficult and expensive. A 2016 AARP survey found that caregivers in general incur an average of about $7,000 a year in out-of-pocket expenses. Long-distance caregivers — those who live at least an hour away from the care recipient — incur about $12,000 on average, according to the survey. Long-distance caregivers are more likely than local caregivers to hire help, take unpaid time off work and pay for travel, Goyer says.

In my latest for the Associated Press, tips on providing care from a long distance.

Filed Under: Liz's Blog Tagged With: AARP. caregiving, caregiving from a distance, tips

Monday’s need-to-know money news

April 5, 2021 By Liz Weston

Today’s top story: Prepare for COVID medical bills this year. Also in the news: A new episode of the Smart Money podcast on pandemic savings goals and inheritance taxes, how to save on supplies as kids go back to school, and why your dog needs liability insurance.

Prepare for COVID Medical Bills This Year
Find out what’s covered under the law.

Smart Money Podcast: Pandemic Savings Goals and Taxes on Inheritance
A discussion about consumers’ saving habits during the pandemic.

Save on Supplies as Kids Go Back to School in Person

Why Your Dog Needs Liability Insurance Even if She’s Perfect
Personal liability, umbrella and animal liability coverage can keep your finances safe if your dog hurts someone.

Filed Under: Liz's Blog Tagged With: back to school supplies, COVID medical bills, pet liability insurance, Smart Money podcast, tips

Wednesday’s need-to-know money news

March 31, 2021 By Liz Weston

Today’s top story: Spring travel ahead? One airline is prioritizing customer safety. Also in the news: Considering elite airline status in 2021, taking some of the mystery out of buying a house sight unseen, and how to build your credit without a credit card.

Spring Travel Ahead? One Airline Is Prioritizing Customer Safety
Delta is now the only major airline blocking middle seats on all domestic flights through the spring.

Is Airline Elite Status Worth Considering in 2021?
The requirements to earn elite status are lower this year, so it’s easier to get these perks for 2021 and 2022.

Take Some of the Mystery Out of Buying a House Sight Unseen
Finding the right agent and getting help from others on the ground can help you buy a house even if you can’t visit it in person.

How to Build Your Credit Without a Credit Card
Credit builder loans can help.

Filed Under: Liz's Blog Tagged With: airline travel, buying a house sight unseen, COVID, credit building, Delta airlines, real estate, tips, travel safety

Tuesday’s need-to-know money news

February 2, 2021 By Liz Weston

Today’s top story: 3 things to know if you’re new to gig work. Also in the news: How to craft smarter money goals in 2021, the do’s and don’ts of getting and using a paycheck protection program loan, and 5 steps you can take to pay off consumer debt.

3 Things to Know if You’re New to Gig Work
To the IRS, you’re a small business.

How to Craft Smarter Money Goals in 2021
The pandemic has changed everything.

The Do’s and Don’ts of Getting, Using a Paycheck Protection Program Loan
Best practices that can help small businesses owners get their PPP loan funded and forgiven.

5 steps you can take to pay off consumer debt
Creating the right plan.

Filed Under: Liz's Blog Tagged With: consumer debt, debt, gig work, money goals, pandemic, paycheck protection program loan, tips

Monday’s need-to-know money news

January 25, 2021 By Liz Weston

Today’s top story: A guide to PPP loan forgiveness. Also in the news: High car insurance rates could be because of bad credit, 4 signs your about to get a tax surprise, and how to budget when you hate to budget.

A Guide to PPP Loan Forgiveness

High Car Insurance Rates? Bad Credit May Be to Blame
Not paying bills might hurt you more than you think. Drivers with poor credit pay over 75% more annually in some states.

4 Signs You’re About to Get a Tax Surprise
If any of these things have happened to you, a tax surprise may be coming.

How to Budget When You Hate to Budget
Automation, technology and some simple guidelines can help you budget without a huge amount of effort and stress.

Filed Under: Liz's Blog Tagged With: bad credit, budgets, car insurance, PPP loan forgiveness, tax surprises, tips

Wednesday’s need-to-know money news

January 20, 2021 By Liz Weston

Today’s top story: Unpacking the myths of investing in the stock market. Also in the news: A new episode of the Smart Money podcast on buying cryptocurrency and tackling debt, life insurance companies are becoming more marijuana-friendly, and asking for reconsideration after being denied a credit card.

Unpacking the Myths of Investing in the Stock Market
These stock market myths have no place in your portfolio.

Smart Money Podcast: Buying Crypto and Dealing With Debt
Understanding cryptocurrency and how to tackle your debt head on.

Smoke Weed and Need Life Insurance? Some Companies Are Cool With Marijuana
Not every life insurer is willing to cover marijuana users, but some don’t mind — provided it isn’t a daily habit.

Call a Reconsideration Line for a Second Chance at a Credit Card
Taking a second look.

Filed Under: Liz's Blog Tagged With: credit card reconsideration, cryptocurrency, debt, investing myths, life insurance, marijuana use, Smart Money podcast, tips

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