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  • 13 Jun 2018
      It is understandable that many people worry about how they will manage both physically and financially as they get older. Nobody wants to be living in poverty in their old age and most of us would like to think we will be able to leave something to our children when we go. But with so many people living longer because of medical advances the cost of care for elderly people is now becoming a big issue that everyone should be aware of so that they can plan ahead for the costs (and also so they can be involved in the decision making on the type of care they would prefer). There are many options to funding care in old age and in the UK the government will pay for care if you do not have the means to do so yourself. But is you do have a significant amount of savings or a valuable home then you really should plan ahead for the cost of care. Choose the care option that is best for you Before you can start to plan for how you will pay for care you need to know what care option will suit you best. Although residential care homes are the most common option there is growing awareness of another option: live-in care or homecare, according to The Live-in Care Hub. With the growing awareness of live-in care more and more people are choosing this for themselves or for an elderly relative as an option where the person needing care can stay in familiar surroundings and have the consistency of the same one or two carers all the time. It is also a more rewarding role for those becoming a carer. Take advice Once you now what care option will be most suitable you can then plan for the financial side – and there are certainly financial challenges caring for the elderly so it pays to be prepared. Some people choose to get some advice from an independent financial adviser (IFA) if they already know one they trust. An IFA can help you create a payment plan for privately funding (self-funding) care in a simple and straightforward way. Be prepared The average cost of care for an elderly person can vary enormously. It not only depends on the level of care you might need but also on the type of care and even the area where you live. So investigate your options and compare your options once you have made a decision about the type of care you might need and how much you can afford to pay. Many people are shocked by how expensive the actual cost of elderly care is but it is better to know now and have some time to plan and prepare than leave it until the last minute. Some people will have to use savings and/or income to pay for elderly care and some may consider selling their home but this is a serious step and not one to take lightly. Government support If you do not have much in the way of savings and either don't own a property or still have a partner living there then the state will pay for your care. But state-funded care limits your choices of type and style of care and it is unlikely that state-funded care would offer the option of live-in care.
    25 Posted by Anna Preston
  • 10 May 2018
    By their very nature sales forecasts can be something of an inaccuracy but there are some things that you can do to make sure that you are forecasting your sales as accurately as possible. As part of a critical management strategy you need to make sure that you have a system of sales forecasting in place as well as robust sales management training. The inexact nature of sales forecasting can make it tricky, but the trick is of course to know which direction things went wrong in and then turn your sales forecasts into an accurate picture of how your business is in fact doing Separate numbers It is widely believed that you should use one set of numbers to show the truth of how your business is doing, but this is a misconception. However, using multiple forecasts is the best way forward and will give you a far more accurate picture. Sales teams benefit from forecasts that are designed to meet a specific number whilst product management are more likely to be interested in a forecast that looks at a specific product. The only time that these different forecasts need to be put together are when someone at the top of the company wants to look at the overall picture. Make time to update Your forecasts are only going to work in your favour if you put the time into working on them, and this means making the time to keep tabs on them. You need to make sure that you set aside regular amounts of time to review your forecasts; this will help you identify any areas of potential issues before they have a major impact on your sales as a whole. Be flexible You can’t use just one single test when it comes to tracking all the information relating to all of your sales. You need to be able to develop a sales process that can adapt and modify itself to your targets as conditions change. In order to do this, you need to make sure that not only do you ensure that your sales forecasts are updated on a regular basis but also that you have a good understanding of all aspects of your sales system including the history of any individual sales person, product delivery and customer history. The more you understand the easier it is to make a better and more accurate assessment of your sales forecasts. Don’t make it too complicated It’s very easy to start adding complex projections and maths to your forecasting but there really is no need and in the long run it isn’t really going to help you to produce a more accurate sales forecast. You need to understand what you are looking at, and you need these figures to be understood by the other employees within your company, so sometimes simple is definitely better. There are specific software programs that can really help you to make your forecasts easier to understand and more accurate, building up a better picture of what is really going on within your business.
    25 Posted by Anna Preston
  • 13 Jun 2018
      The first thing most people assume about caring for the elderly when they can no longer manage on their own is that the main option is a residential care homes. Elderly people often feel they will be “shipped off” to a communal home and have to leave all their valued possessions behind and live their final days in one room. Residential care home can be very nice with lovely communal areas and gardens but nevertheless they are still not the same as your own home with friends and neighbours nearby. And if you have a pet you certainly won't be able to take a pet to a care home. But there is another, increasingly popular option, and that is live-in care of home care as it is sometimes known. Live-in care or homecare is just one of a range of care services available in the UK for old people so it is good to be aware of what all the care options are so when the time comes and you or your elderly relative requires help then the right choice can be made. Residential care homes Care homes are most well-known type of care available in the UK for senior people who need help with the everyday tasks of life. There is a wide range of care homes across the UK varying in size, type and cost so there is something to suit all budgets. Care homes can be a good choice for many people as it provides a type of community with shared activities and being able to eat in communal dining rooms. They may also be the best option for people who need high levels of care, especially when nursing care is required or when there are particular needs such as for dementia sufferers. Live-in care Live-in care or homecare, as it is also known, is a care option that is only just starting to become more widely known although it has been around for many years. One of the main advantages of live-in care is that the person being cared for remains in their family home, which is often a place they have lived for many, many years with all its valued possessions and treasured memories. Live-in care is a suitable option even when someone requires specialist nursing care as the live-in carer can organise other help to come to the house as required. A live-in carer moves into the family home and caters for all care needs but also provides companionship and a sense of security for the elderly person. Those who are becoming a carer as their career are well-trained to offer stability and consistency that can quite simply mean the elderly person is happier and more relaxed and many a firm friendship has been forged with a carer. It is much easier for a live-in carer to know the likes and dislikes of the elderly person as they can focus all their attention on caring for that one person, which is very unlike what happens in care homes.
    23 Posted by Anna Preston
  • 11 Jul 2018
    Read tips and tricks on taking a space in your home and turning it into an ideal place to relax and study when exam time comes along.   Whether you are studying at university, you have a big exam coming up or you're sorting out a big work presentation, having somewhere quiet and minimalist to focus on your task is so important. It may seem like a huge task if your house is already set up where every space seems 'allocated', but you can easily set something up over a weekend or even in one evening depending on how prepared the space already is. Follow these steps to get the perfect study set up in your home: Pick a Location Choose somewhere quiet, somewhere where there is space for a desk and where you have ventilation and both natural and artificial light. It could be in your summer house, your spare room, even in the corner of your living room. As long as it provides you with a quiet area to study, it can be wherever you choose. Declutter the Space You need to move the items currently in the space you want to use to study. You may wish to simply move them into another area of the home, to place them in your self-storage unit, or to completely declutter and sell them or give them to charity. Try to make enough space for a desk and chair so that you have the desk to dedicate to study materials. Decorate the Space An inviting study space is much more likely to get you to concentrate and to study in the first place than somewhere cluttered and uninspiring. Think neutral, minimalist and fresh. You don't want anything too distracting so you can focus on the task in hand. Comfort is another important focus so that you feel able to stay in the space for long periods of time. Add Smart Furniture You'll want to add smart furniture to the space so it is as efficient as possible, especially if it is part of the rest of a room like the living room. Perhaps you have some suitable furniture in your self-storage unit you could use. Alternatively visit space and storage efficient shops for furniture that makes the most of the space you are using. Add Something Personal Add some plants, pictures or other personal touches that make the space special to you. You could add a beanbag or blankets to turn it into a reading and relaxation space if you enjoy spending time there, which works very well if you've been using a spare room as it utilises the space further. Plan to Make Your Study Space This Weekend If you know you need a study space but you've been putting off setting it up, make this weekend the time that you spend making the perfect space to concentrate and get things done. With a little decluttering and careful furniture placement, you'll be studying hard in your new study space in no time.        
    23 Posted by Anna Preston
Family & Home 25 views Jun 13, 2018
Care costs and how to keep them under control

Certain major events in all of our lives are a significant expense such as a wedding. buying a home or raising a family. These are often things that we will save up for and plan for in advance. But when it comes to our so-called Golden Years we are not so well prepared – either financially or in terms of the decisions that must be made on the type of care we would wish for.

An explanation for this lack of preparation for perhaps once of the most important periods of our lives is that we don't want to have to think about getting old and frail, and needing a carer. Quite often one partner simply becomes the carer of the other in a long-term relationship without any specific recognition of that fact. But what if you don't have a live-in partner or they have passed away by the time you need care?

Understandably when you require care that cannot be provided by a partner or relative it is going to come at a high cost so it makes sense in all sorts of ways to plan for those costs; not least so you don't have to sell your home to pay for care costs.

Plan ahead

Find out what your care options are before you do anything else – it is never too early to start looking to avoid the situation where you have to make a rushed decision. Did you know, for instance, as we found out from The Live-in Care Hub, that there is such a thing as live-in care (or homecare) where a carer come sto live in your home to provide for all your needs? This is an increasingly popular alternative to a residential care home but one that not everyone even knows exists.

Speak to other people when considering your care options – especially if you already know someone in a care home or who is becoming a carer. That way you can weigh up the advantages and disadvantages for yourself based on the honest opinion of people you already know.

Don't underestimate the cost of care

Many people do not understand both the costs and the rules surrounding government funding for elderly care so make sure you are not one of those people. What you might have to pay for care will depend on individual circumstances – both financially and medically. Some medical conditions requiring specialist nursing care may be eligible for government funding whilst others may not. Make sure you know the rules and regulations and keep up to date with them in case they change.

A residential care home and full-time live-in home care services cost approximately the same, although costs can vary according to individual needs and even the area you live in.

Funding

If you already know that you will have to pay for your own elderly care (usually because you have a certain amount of savings and income) then it is essential to plan your care properly so that if you chose, for instance, live-in care you know that you can continue to pay for it for as long as you need to.


Tags: #Elderly Care