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Monitor your loved one's expenses.


What You Should Know

On a fixed income, money is finite. You want it to last as long as your loved one needs it. That's why it's important to make sure they're safe from fraud and inadvertent purchases. Your loved one may be happy to discuss this topic with you — it can be a huge relief to get some help. If there's resistance, assure them that you know it's their money, but you're just looking out for their well-being and long-term security.

Steps To Take

  • Start by talking with your loved one about your concerns.
  • Look at their spending — in cash, checks, on cards, and online.
  • If you can see all this online, that's great. If not, review all paper statements with your loved one.
  • Look for strange purchases, especially involving antivirus software and unfamiliar charities.
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