Hi dear friends, today I would like to talk to you about the financial arrangements for the elderly, these tips may seem insignificant, but they are very practical in old age, and may even save your life. Let's take a look at how to handle money wisely in your later years.
Property selection: Don't blindly pursue a big house, a comfortable place to live is enough. If you don't have a property, renting is also a good option.
Basic Livelihood Allowance: Money is important, but health is even better. Seniors need to make sure they have enough basic living allowance on hand.
Rational travel arrangement: Travel is enjoyable, but do it within your means. Especially for the elderly with underlying medical conditions, it is important to prepare the necessary medicines in advance and inform their companions.
Thrift: Having money doesn't mean you can spend it extravagantly. When you are old and have no money, it is the real difficulty.
Equal treatment of offspring: When giving red envelopes to grandchildren and grandchildren, they should be treated equally to avoid family conflicts.
Accept help from your child: Help from your child should not be easily rejected, as frequent rejection can make them take it for granted.
Don't rely on your children: Don't put your hopes for happiness in your later years on your children, but keep a back hand to avoid getting into trouble due to money problems.
Sponsor your children moderately: If conditions allow, sponsoring your children appropriately will show generosity and be appreciated.
Spare cash reserves: You should always have some cash at home in case you need it.
Keep your money on hand: You can't have money on hand so you don't get caught up in unexpected situations.
Think ahead about the future: Plan your will and property arrangements in advance while your mind is clear to avoid property disputes after death.
Treat grandchildren equally: Treat grandchildren too harshly, so as not to cause dissatisfaction among daughters-in-law.
Borrow prudently: Be cautious when borrowing and don't lend easily for the sake of saving face, so as not to lose your property.
Conceal your illness: Tell your loved ones only when you are sick to avoid unnecessary worries and troubles.
Avoid shopping with relatives: Try to avoid shopping with relatives when shopping to avoid unnecessary embarrassment and disputes.
Surround yourself with people who are happy: Surround yourself with people who make you happy and stay away from people who make you unhappy.
Be kind to others: If you can afford it, help those in need, because your act of kindness can be a blessing for others.
These tips may seem trivial, but they can play an important role in old age. I hope that everyone can handle money affairs in a more sensible way and live a happy and healthy old age.