Maybe you’re a carer and still working – for an employer or in your own business; maybe you or your cared for has private means that will cover all current and future care needs but maybe you are not in this situation and you’re concerned about the financial aspects of being a carer.
Carers UK produces some very useful factsheets:
Rules of the financial game:
- Your money is for YOU. It’s for your well being and your future. Don’t spend a penny of it. I spent life savings – not a smart move.
- Find out what benefits you’re entitled to and claim them. I didn’t.
- If you have siblings but you’re the live-in carer or you’ve given up work or become part-time to care for a parent explain the financial sacrifice you’ve made and ask them to make a contribution.
- Consider starting a business to get an income stream – it doesn’t have to time consuming to run it. I did start a business. You can benefit from this. Check out my Monetize your Knowledge home study course. In no time you can package your knowledge and sell it on line.
- If you’re caring for a parent and gave up your own home make sure you’re named on the deeds of the house so that it can’t be sold to pay for care. Failing that have a letter signed by the person you care for – and witnessed – giving you right of abode for their lifetime. Failing to do this could result in you being made homeless with the consequent emotional and financial consequences.