Keys to Embracing Aging: Financial Management

It is important to know some basic financial management and planning. A financial plan, which includes short and long-term goals, will help a person see the big picture so that they can plan more easily and map out a financial future. In addition to helping a person stay on track, financial plans also make it easier to make financial decisions, such as making large purchases without adding financial stress to a budget, helping protect a household against the unforeseen loss of income and, in the case of successful aging, helping with retirement planning. Budget development, money management, wise credit use, consumer protection and savvy saving can contribute to successful financial management.

Casey County presented Keys to Embracing Aging: Financial Management. 8 participants completed post lesson evaluations. As a result of the program, 6 participants reported improved understanding regarding the impact of financial management on overall health and well-being. 6 reported intentions to implement at least one strategy to manage their finances. 

While, 8 participants reported general confidence in their financial handlings, 6 participants intend to make choices that will improve their overall financial health as a result of the program. This program taught 8 participants how today’s financial choices can help promote independence and life quality.     

A valuable program, participants learned that savings is very important for financial security and that you should think more about a budget. All participants will be sent a 30-day follow-up evaluation.

30-Day Follow-up Keys to Embracing Aging: Financial Management Success Story

Keys to Embracing Aging is a Cooperative Extension educational health intervention aimed at improving overall health by focusing on ways in which individuals and families can be empowered to take control of their own lifestyle decisions and behaviors in terms of health and well-being. To demonstrate behavior change regarding financial management, the program included a 30-day follow-up evaluation. Of the 8 who were sent follow-up evaluations, 6 were returned. 4 reported that they implemented at least one strategy to manage finances. Specifically, participants reported that they: made an updated budget plan and shopped around for the best prices.