Budgeting for Senior Living

Author

Springwood Court- A Charter Senior Living Community

For more information about the author, click to view their website: Springwood Court

Posted on

Nov 07, 2024

Book/Edition

Florida - Southwest

share-this
Share This

Saving money is a priority for everyone, and when it comes to senior living, budgeting for seniors becomes essential. The goal is to enjoy your retirement without financial stress, and this means being wise with your finances. To help you achieve this, our team at Springwood Court has compiled financial advice with a focus on budgeting for seniors. Discover how to save while living comfortably on a budget and get the help you need to pay for senior care, right here in Fort Myers, FL.

Create a Dedicated Account for Care

When it comes to budgeting for senior living, it’s crucial to establish a dedicated account for potential health care expenses. This account can be an investment or a personal savings account at your bank, ensuring that funds are reserved exclusively for medical needs. By doing so, you’ll resist the temptation to use this money for other expenses, and you’ll have a clear understanding of your financial capabilities when senior care services are needed.

Stick to a Contribution Schedule

Budget help for seniors starts with a well-structured contribution schedule. By following the advice of financial experts, you’ll be more likely to save money effectively. Begin with affordable contributions, such as $10 a week or a percentage of your income. Many financial institutions allow you to set up automatic transfers from your checking account to your long-term care savings, following the schedule that suits you best. As your financial confidence grows, consider increasing your contributions over time.

Be Conscious of Your Spending

Part of senior financial advice is being mindful of your spending habits. You don’t need to deprive yourself of all life’s pleasures, but you should make wise choices when making purchases. Use coupons, compare different brands, and evaluate whether upgrades are truly necessary. Assess your regular expenses and distinguish between essentials and discretionary items. You may discover that some expenditures are habitual rather than vital.

Utilize Your Senior Discount

Senior living on a budget becomes easier when you take advantage of the discounts available to you. Many businesses offer senior discounts for various services, from dining out to essential services like oil changes. These discounts can provide significant savings, so don’t hesitate to inquire about them. Your years of patronage have earned you this privilege. Plus, you can often combine your senior discount with other discount clubs, such as AARP, to maximize your savings.

Explore Veterans Benefits

In addition to budgeting for senior living, Veterans and their survivors may be eligible for enhanced financial support. Veterans who meet specific criteria, including service during conflict periods, age, disability, and income and net worth limits, may qualify for a Veterans Affairs pension. Surviving spouses can also benefit from these pensions if they meet certain requirements. These additional funds can be a valuable resource when it comes to paying for senior care.

Senior living that’s just right for you.

Budgeting for senior living at Springwood Court doesn’t have to be overwhelming. By following these budgeting tips for seniors and taking advantage of the financial resources available, you can enjoy your retirement years without unnecessary financial worries. Remember, it’s about creating a new habit of saving for your long-term care needs while living comfortably within your budget.

Give us a call at 239.206.4182 to learn more about our community residences, pricing and more.

Other Articles You May Like

Naples Clinic Expands to Provide Free Medications for Low-Income Workers

For low-income Collier County residents who are working but uninsured, access to the medications they need is not as easy as going to a regular chain pharmacy to pick them up. Thats where the Neighborhood Health Clinics expanded non-narcotic medication room comes in, giving patients managing chronic conditions including hypertension and diabetes timely access to medications at no cost. The 1,850-square-foot medication room, located at the clinic on Goodlette-Frank Road near Central Avenue, was built at a cost of $500,000 and is named for the late Stacy Forman, a Naples philanthropist who donated funding for the expansion.Keith Maples, CEO of Neighborhood Health Clinic, said the expanded medications facility enhances the clinics ability to serve patients faster and more efficiently. On a typical day, a patient can walk in and when they walk out, theyre walking out with thousands of dollars worth of medication that, if it were outside of the Clinic, they would not be able to fill those prescriptions because it would be outside of what they could afford, Maples said. He said the expanded space, equipped with updated technology and increased storage capacity, allows for a larger inventory of non-narcotic medications that enables the Clinic to fill prescriptions immediately to minimize delays in treatment. In 2024, the Clinic distributed $6.5 million in retail value of medications thanks to partnerships with Americares, Direct Relief, Dispensary of Hope and other pharmaceutical companies. The expansion allows us to work even more with our pharmaceutical partners to basically procure all of the medications necessary for our patients, Maples said. He said that many patients arriving at the Clinic for the first time have not previously received medical care for the condition needing treatment and may have vastly elevated blood pressure or blood sugar levels, for example.  When they walk through the doors, theyre at such a heightened level that were trying to bring it back to a controlled number to where its manageable for them, Maples said. If their A1Cs are through the roof, their [blood] sugars are through the roof, were trying to get them back to an established number that helps them feel better. Well never cure them of all those illnesses, but well maintain that health for them, so they feel better and have a better quality of life.Clinic grows to meet patient demand The nonprofit Neighborhood Health Clinic was established in 1999 by Dr. Bill and Nancy Lascheid to provide medical care to low-income, working but uninsured Collier County adults. Their daughter, Leslie Lascheid, now serves as president of the organization. In 2024 the clinic saw more than 12,000 patient visits and delivered more than 30,000 patient procedures, Maples said, with all medications, primary care, specialty care, surgeries and outpatient procedures provided free of charge to patients.All funding is through philanthropy, as the Clinic does not receive any city, county, state or federal funding including Medicaid or Medicare. Over the years the clinic has expanded as the patient load has increased. The original 11,000-square-foot facility more than doubled in size with the completion of the Armstrong Medical Specialties Building in 2021, which expanded the campus to 23,000 square feet.  The addition of the Van Domelen Education and Wellness Building, also in 2021, took the total to its current 32,000 square feet, and when the Bill and Candy Raveis Pathology Building is completed this summer, the total campus will be at 43,000 square feet, according to Marcie Berland, the Clinics director of development. Maples said the Clinic has expanded strategically over the years to meet the medical needs of patients many of whom work in hospitality, service or construction industries in Collier County and the growing volume of patient visits. When weve expanded, we didnt do it just to do it, he said. We based it on what were the patient needs and what do we need in-house on a daily basis to deliver the care, providing the opportunity for a patient to walk in the door, get all the care they need and not have to go to another location somewhere else, or come for another appointment. Because when our patients miss days of work, thats food on the table and the roof over their heads. Its not like if I call in sick: I get a sick day and still get paid.  He said the campus expansions allow most procedures including lab work to be done in-house, creating opportunities for sustainable, uninterrupted patient care. When that patient walks through the doors, I never want them to wonder where theyre going to get their care or how theyre getting to their next appointment, Maples said. Many of our patients get rides here, or they walk or ride their bikes, because very few own cars that they can drive in.  And while the Clinic does have a full-time paid staff of 14 and five part-time staff, no medical professionals are paid to deliver care, Maples said. More than 250 physicians, 50 dentists, 100 nurses and 300 non-medical personnel deliver care and provide patient education on a volunteer basis. 

Beyond the Surface: Naples Cancer Advisors Spotlight Melanoma During Awareness Month

Beyond the Surface: Naples Cancer Advisors Spotlight Melanoma During Awareness MonthMay 1, 20256 Min ReadBy Jillian Hunt, CNP Executive Director of Clinical Operations at Naples Cancer AdvisorsMay is Melanoma Awareness Month, and in sun-drenched Collier and Lee Counties, its more than a calendar observance. Its a call to action. The sunny environment increases exposure to ultraviolet (UV) rays, which are a significant risk factor for skin cancer, including melanoma. Understanding the risks and adopting preventive measures can help residents enjoy the sun safely while minimizing their skin cancer risk.At NCA, we specialize in delivering second opinions and expert oncology guidance at no cost to patients. Our team, including nationally recognized oncologist Dr. Philip Leming, believes that no one should face a cancer diagnosis alone. This month, we want to shine a light on reshaping melanoma prevention, detection, and awarenessso you can stay protected and proactive.Prevention: A Daily Practice, Not Just a Summer ChecklistMost people know the basics: use sunscreen, avoid tanning beds, cover up when outside. But melanoma doesnt just show up where the sun shines. It can develop under your fingernails, between your toes, even on your scalp or eyes. We educate patients to look everywhere, not just the obvious spots.One powerful (and often overlooked) fact: a single blistering sunburn in childhood doubles your lifetime risk of melanoma. Thats why prevention is a family affair. We urge parents to build sun safety habits early and keep them consistent all year.Detection: A Watchful Eye is The Best ToolThe front line of defense against skin cancer is early detection. Identifying skin changes especially changes in moles is the easiest way to catch skin cancer earlier.What is a mole?A mole is a benign (non-cancerous) growth on the skin that develops when melanocytes, the cells responsible for producing pigment, cluster together instead of being evenly distributed. Moles can be present from birth or develop later in life.ABCDEs of Moles and Melanoma Detection Asymmetry: One half of the mole doesnt match the other. Border irregularity: The edges of the mole are uneven, ragged, or notched. Color variation: The mole has multiple shades of brown, black, or other colors like red, white, or blue. Diameter: The mole is larger than 6 millimeters (about the size of a pencil eraser). Evolving: The mole has changed in size, shape, or color, or has new symptoms like itching, bleeding, or crusting.The ABCDEs are a helpful tool for self-examination and can prompt individuals to seek professional medical advice if any of these signs are present.Dermatologists remain the front line in detection and diagnosis. However, emerging technologies are offering exciting backup. Artificial intelligence skin scanners and total body imaging are improving the speed and accuracy of diagnosis.Whether its through advanced tools or a trained eye, one truth remains: catching melanoma early saves lives.The NCA Difference: Compassionate, Cost-Free Cancer GuidanceNaples Cancer Advisors was founded to be a bridge for patients who feel lost, overwhelmed, or unsure where to turn after a cancer diagnosis. We offer a second set of expert eyes, help explain treatment options, connect people to top-tier providers, and support them throughout their journey.Melanoma may be aggressive, but its also highly preventable and treatable when caught early. This May, we urge everyone in our community to schedule a skin check, learn your ABCDEs (Asymmetry, Border, Color, Diameter, Evolving), and take sun safety seriously.And if you ever need clarity or support after a diagnosis, Naples Cancer Advisors is herefree, local, and fully focused on you.Jillian Hunt, CNP BioJillian has been caring for cancer patients since 2004. In that time, she has set the benchmark for her patient-centric approach in Cincinnati, Southwest Florida, and beyond.Her professional journey began at Cincinnati Childrens Hospital Medical Center in 1999 on the hematology/oncology/bone marrow transplant unit and later the emergency department.After spending five years caring for children, Jillian found her passion in caring for the adult oncology patient. Starting as a chemotherapy infusion nurse in private practice with Dr. Philip Leming at Cincinnati Hematology Oncology, she then pursued an advanced degree to offer a higher level of care to her cancer patients.Jillian has been an oncology nurse practitioner since 2011 and is passionate about patient care, education and staying current on research opportunities available for the patients she cares for.Jillian is a national speaker traveling to educate clinicians on the use and management of toxicities of medications that are used in cancer treatments. She has spoken at national nursing conferences and sits on several advisory boards. Jillian feels strongly about staying on the front lines to improve patient care and expert advice on cancer.Jillian was born and raised in Cincinnati and graduated from Lakota High School. She and her husband have five children. Outside of her love and passion for oncology, Jillian and her husband are licensed foster parents and have participated in global mission trips to serve orphaned children around the world.Naples Cancer Advisors239-846-2273 (CARE)3201 Tamiami Trail N, Suite 112, Naples, FL 34103

Discovery Senior Living Launches First-of-Its-Kind The Disappearing Mind Podcast Addressing Need for Trusted Brain Health & Dementia Resources

Local Services By This Author

Springwood Court- A Charter Senior Living Community

Assisted Living 12780 Kenwood Lane, Fort Myers, Florida, 33907

Charter Senior Living's Springwood Court in Fort Myers, Florida, offers exceptional assisted living services that enhance the human spirit. As part of Charter Senior Living, we are committed to providing a true sense of community and personalization to older adults with specific needs and wants.Our philosophy is simple: Do the right thing for residents, whatever it takes. We strive to improve the quality of life for residents and their families each day. We believe in cultivating warm, meaningful relationships among residents, staff, leadership, and families, creating a homelike neighborhood in Fort Myers that you wont find anywhere else.At Springwood Court, we specialize in assisted living, ensuring that every person who calls our community home lives their absolute best life, every single day. We offer a warm and welcoming atmosphere, an array of convenient services and amenities, exceptional programming, and a staff that treats every resident like family.Whether you're looking for yourself or a loved one, when you choose Charter Senior Living, you're choosing a community where you'll be welcomed with open arms, treated like family, and feel comfortable in a place where you'll find the best assisted living services.Contact us today to learn more about our community and schedule a tour. Visit us and experience the Charter Senior Living difference firsthand.