The effects of aging on seniors and their ability to handle money matters will be the focus of a free new course called Financial Caregiving to be held in February at the Meadowlark Senior Center in Rio Rancho and again in March at the Los Volcanes Senior Center in Albuquerque.
Geared to seniors, their adult children and professional caregivers, the course will cover a host of topics, running the gamut from bill paying and recordkeeping through family dynamics to financial and estate planning.
There will be role playing and small-group exercises to practice behavioral approaches for managing family relationships.
“There’s a lot to these financial issues of fragility among seniors — the overlap between memory and psychological problems and financial problems,” said Vicki Van Horn of the nonprofit New Mexico Project for Financial Literacy, which is sponsoring the course.
The idea for the course traces back a couple years, she said. The Project for Financial Literacy was doing one-on-one work with seniors while the nonprofit PeopleWorks-NM was providing counseling to seniors.
“We found we were doing a lot of cross-referrals,” Van Horn said.
The course will be presented by the staffs of the Project for Financial Literacy, PeopleWorks and the Senior Citizen’s Law Office. Funding was provided by the Foundation for Financial Planning, Federal Home Loan Bank of Dallas, Wells Fargo Bank, US Bank and Bank of the West.
The course runs for five classes, with each class lasting two hours. The Meadowlark course is scheduled to begin Feb. 12 at 7 p.m., continuing the next four Tuesdays, while the Los Volcanes course is scheduled to begin March 28 at 4:30 p.m., continuing the next four Thursdays.
Each course offering is limited to 30 participants. While participation is free, there will be a charge for available continuing education credits.
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