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Money Management

Managing personal finances can be a challenge for elders with failing eyesight, limited mobility, forgetfulness or acute illness. GSSSI's Money Management program carefully matches screened, trained and insured volunteers with low income individuals having difficulty keeping up with their bills and needing assistance with budgeting and check writing.

Volunteers visit the elder at least once a month to keep track of income and expenses. Elders maintain full control over their checkbook, and may discontinue service at any time. There are two levels of assistance available:

Bill Payer Service: Assists elders by developing a budget, writing checks, and balancing their checkbooks. The elder makes all the decisions and retains check-signing capacity.

Representative Payee Service: For elders who are incapable of managing their finances. Similar to the Bill Payer program, but volunteers are appointed by the Social Security Administration, with a physician's consent, to manage Social Security and/or SSI benefits.

The Money Management program is a free service for elders that is jointly sponsored by the American Association of Retired Persons (AARP), Mass Home Care, and the Executive Office of Elder Affairs.

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