Money Management

Taking care of monthly bill paying and maintaining a budget can be overwhelming. Springwell recognizes that a little support with managing finances is often one of the services individuals may need in order to maintain their independence.

Developed in conjunction with the AARP Foundation, Springwell's Money Management Program is a financial services program that assists individuals who have difficulty managing their personal household budgets, paying bills, keeping track of banking records, intervening with creditors and handling other issues related to personal finances.

The Money Management Program offers two levels of financial assistance:

Bill Payer Service:

A trained volunteer assists an older adult or individual with a disability by:

Writing checks,
Balancing a checkbook,
Sorting bills,
Developing a budget,
Monitoring income & expenses,
or developing a repayment plan.

The elder makes all the decisions and retains check-signing capacity.

Representative payee services:

For individuals needing a higher level of support the Money Management Program also offers Representative Payee volunteers. These volunteers are appointed by the Social Security Administration with the consent of a physician, for individuals who are deemed incapable of managing their own government checks. These volunteers have legal authority to sign checks on behalf of the client.

Eligibility

The Money Management Program at Springwell is available to older or disabled individuals who have:

Difficulty paying bills on time or balancing their checkbook
Trouble taking on new financial responsibilities
An income of less than $44,950 per individual or $51,350 per couple and whose liquid assets are equal or less than their annual income levels.

All Money Management volunteers are trained, insured, and supervised. For information about these services or to become a volunteer,

Call the Money Management Program Coordinator
at (617) 926-4100

Money Management services are offered either free or for a nominal fee and are sponsored by the AARP Foundation (AARP's affiliated charity), Mass Home Care, and the Executive Office of Elder Affairs.