The Effects of Alzheimer’s on Family and Finance

The article is developed in partnership with BetterHelp.

If you’ve diligently been following the financial advice on Family Health and Wellness but you are worried that Alzheimer’s might derail your progress— we’re here to help! Alzheimer’s can cause a wide range of familial and financial stress. However, there are ways to maintain positive family relationships and maintain a strong financial standing during this hard time. Here’s what you need to know:

What Is Alzheimer’s Disease?

Alzheimer’s is a specific type of dementia that develops slowly and worsens over time. It can affect a person’s reasoning, judgment, memory, and language skills. Alzheimer’s is separated into multiple stages. The first stage is called “preclinical” Alzheimer’s, where no symptoms are present but changes in the brain can be seen in medical imaging. In the next stage of Alzheimer’s, mild cognitive impairment may begin to put a strain on family life but you may not know why. If your relationships with family members are becoming more difficult, here are a few signs Alzheimer’s may be behind the difficulties:

How Alzheimer’s Can Affect Family Relationships

Even early stages of Alzheimer’s can have a huge effect on your family life. For example, judging the passage of time or making sound decisions can become more difficult with Alzheimer’s. Family members may begin wondering to themselves, “what are they thinking, doing XYZ?!” or begin questioning a family member’s ability to complete a task in the time period they say they will. This can create frustrations for everyone involved and put added strain on your relationships. As Alzheimer’s progresses, these negative feelings can continue to grow and fester.

Finding Support With Alzheimer’s

Whether you suspect/know Alzheimer’s disease is affecting your familial relationship or not, it’s worth reaching out for help if your family life is becoming strained. Rather than just hope things get better— actively seek out solutions! Reading articles about Alzheimer’s can give you a better understanding on what’s going on and why you are feeling certain emotions. Online therapy can also be an incredibly useful tool for families affected by Alzheimer’s diseases.

Alzheimer’s And Difficulty Managing Money

Alzheimer’s disease doesn’t just affect relationships— it can also have large financial consequences. In fact, according to the National Institute on Aging (NIA), difficulties with managing money can be one of the first signs of Alzheimer’s disease. This may begin with a few unpaid or unopened bills or an increase in purchases on a credit card bill. Here are a few ways to avoid the financial pains involved with Alzheimer’s disease:

Learn More About Finances

You are never too young or too old to learn more about finances! Alzheimer’s can put people at an increased risk of becoming a victim of financial abuse and scams. That’s why it becomes ever more important to educate yourself on issues like financial abuse, financial neglect, financial exploitation, and health care fraud.  

Consider Financial Power of Attorney

Legal and medical experts encourage people with serious illnesses, like Alzheimer’s, to consider updating their financial and health care arrangements. For example, power of attorney gives someone you trust the ability to make financial decisions on your behalf. This can be helpful in the case that you lose your ability to think clearly.

For more information about how to protect your finances after an Alzheimer’s diagnosis, visit the NIA website. For more information on how to help you and your family cope with an Alzheimer’s diagnosis, visit BetterHelp.

Krystal Morrison

I create this blog to share my daily tips about home improvement, children, pets, food, health, and ways to be frugal while maintaining a natural lifestyle. Interested to be a Guest Blogger on my website? Please email me at: [email protected]

Click Here to Leave a Comment Below 0 comments

There are affiliate links in this post. At no cost to you, I get commissions for purchases made through links in this post.