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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.
    40 Posted by Anna Preston
  • 13 Jun 2018
      Caring for elderly family members used to quite simply be the role of the younger family members when our communities were more close-knit than they are today. Elderly parents would often live with their adult children in their homes – it was quite normal and grand children would grow up in the same home as their grand parents. But In today’s changing society the situation is very different because the younger generation have often moved away from where they grew up – they go off to university and then make their homes elsewhere often in a bigger town or city. This may not be through choice as some adults are priced out of their home areas as housing costs have increased drastically in many arts of the UK. Do when different generations of families no longer live in the same area communities are much less united. And if you live a long way from your parents who will care for them when they get older and less able to cope on their own? People are living to a much older age now thanks to medical advances and an awareness of leading a healthy lifestyle – they are much more active than earlier generations – well into their 70's and 80's often. The downside to living a longer life is that these elderly people often require care with everyday tasks. Medically they might be quite well but bodies still get older and are less able to climb the stairs or perform simple tasks like bathing or cooking and cleaning. As well as physical limitations many elderly people suffer from Alzheimer’s and other forms of dementia, which can have a serious effect on a person’s ability to look after themselves. Be pro-active about care options It is a good idea to look into care options sooner rather than later – don't wait until there is a crisis situation when you will have to make a quick decision which may not necessarily be the best decision for your elderly relative. Many illnesses that affect mobility and other functions reveal symptoms and can be diagnosed long before they become a problem so it is possible to plan for care well in advance. And it is certainly possible to raise the issue and have afrank discussion about it with your relative – it's just that most people tend not to. Yet elderly relatives may want to be involved in researching care options – they may not even be aware that there are alternatives to the typical residential care home. How many people, for example, know that you can have a live-in carer come and live in your own home and look after you there? This is called home care or live in care and the people who choose this as a career find that becoming a carer is more rewarding than working in a residential care home. Live-in care or home care means that a person can stay in familiar surroundings, with all their own possessions; they can keep any pets they may have and will remain close to friends and neighbours. They can eat when they like and what they like – sit in their own garden and even work in their own garden if their health is up to it. Live-in care is a little know option but a life-changing one for many elderly people.
    36 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.
    35 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.
    30 Posted by Anna Preston
Family & Home 37 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