> Financial Resource Program
The Financial Resource Program can make a significant difference in an older adult’s ability to continue living independently in their own home. The service is offered at no cost to individuals age 60 and over. There are different components to the Financial Resource Program. Those service options are as follows:
The Money Management program helps elders who have difficulty with simple financial tasks such as bill paying or budgeting. All services are free, confidential, and provided by trained and supervised volunteers. An independent review process ensures oversight and protection for the elder and volunteer.
Representative Payee Assistance
Elder Services provides Representative Payee Assistance for individuals who because of legal or medical concerns are deemed not capable of managing their money independently. The Social Security Administration appoints Elder Services to act as a representative payee for these individuals to pay bills for essential needs such as shelter, food, and health care for the remainder of their lives.
Elder Services has developed training materials in both English and Spanish that teaches adults how to manage basic money management skills: writing checks, balancing a checkbook, and managing a budget. Workshops are also offered free of charge, at a variety of community sites on topics such as financial exploitation, scams, fraud, and more. Special programs have also been developed to teach bank personnel about elder financial exploitation and the resources available if they have concern about a bank customer.
Our Money Management services are funded in part by the Executive Office of Elder Affairs and Mass HomeCare.
Every year we have an appeal campaign to support the efforts of our Financial Resource programs. The list below are our supporters of the Program (2016-2017). Thank you to the local financial institutions for your support!
- Haverhill Bank
- Haverhill Fire Department Credit Union
- Institution For Savings
- Lowell Five
- Methuen Federal Credit Union
- Newburyport Five Cents Savings Bank
- Pentucket Bank
- Reading Cooperative Bank Charitable Foundation, Inc.
- Salem Co-Operative Bank
- Salem Five Cents Savings Bank