
Spotting Cognitive Decline: Red Flags that Parents Need Help with Money Management
Problems managing money—missed mortgage or tax payments, unpaid and unopened bills, for instance—are often early indications of cognitive decline you may notice in a loved one. It also may signal that your parents or loved one needs help managing their finances. Other behaviors to watch for, according to the National Institute on Aging, include: Lots of new purchases on a credit card Unusual new merchandise Money is missing from the person’s bank account Also, watch for signs that your loved one has been scammed or financially abused. They may include: Signatures on checks or papers that don’t