May 2018
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Clues that seniors may need help with finances

Daily money managers have identified 12 clues that could indicate when a senior is beginning to lose control of his or her personal finances.

On the checking account side, one example would be multiple checks written in the same month to the same vendor. Another would be lost or missing checks.

Credit card statments also leave clues. A common one is multiple purchases from the same source showing up on sequential account statements. This could indicate that the senior has — probably unwittingly — signed up online for a monthly subscription of which he or she is not even aware.

Read the whole story at Bankrate.com.

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