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Financial Factors for those Suffering from Dementia

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Finding out that a loved one is starting to show signs of dementia or Alzheimer's disease can be a difficult time for children. Noticing that Mom or Dad is starting to forget to bring in the mail, take a shower or pay the bills are sure signs that something may be going on, according to Hernando Today.

After noticing that a senior is unable to balance a checkbook or has been making large purchases on their credit card, it may be time for you to step in and start to ease your way into taking control of the finances.

The news outlet suggests adult children talk with their parents about giving them more power in a calm and conversational way. By informing them that they're only looking out for them, they may be more apt to listen. Caregivers could also help by going shopping with their senior to make sure they make prudent decisions.

If conditions worsen, caregivers could consider re-routing their parents mail to go to their house first, so they won't be tempted to give money or buy unnecessary items out of free catalogs. Switching them to prepaid credit cards could be another solution so those suffering from dementia won't get themselves into debt.

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