Money Management Program

Taking care of monthly bill paying and maintaining a budget can be overwhelming for some people due to aging or physical limitations. A little support with managing finances is often one of the services individuals need in order to maintain their independence.

Overview

The Money Management Program assists seniors and individuals with disabilities who are having difficulty managing personal household budgets, paying bills, keeping track of banking records, intervening with creditors and handling other issues related to personal finances. The program offers two levels of financial assistance: 1) Bill Payer Service, in which a volunteer helps with a variety of tasks including writing checks (for the person being helped to sign), balancing a checkbook, and/or developing a budget, and 2) Representative Payee Service, for individuals needing a higher level of support. In this service, Springwell is appointed by the Social Security Administration with the consent of a physician, for individuals who are deemed incapable of managing their own government checks. Representative Payee volunteers have the legal authority to sign checks on the individual’s behalf, and make sure that their basic needs are met first before income is spent on other things.

WHY SPRINGWELL

Springwell has a track record of more than 20 years bringing this service to the community. We collaborate with Mass Home Care Association, and the Massachusetts Executive Office of Elder Affairs to maintain standards for the program, and have established our own Money Management Advisory Council made up of bank representatives and community members. These collaborative efforts ensure that volunteers are properly screened, trained and supervised, that proper monitoring safeguards are in place, and that sufficient liability insurance is maintained to protect both the participants’ accounts and the volunteers.

Eligibility Requirements

  • 60 years of age and older, or be an individual with a disability who is 18 years of age and older, and
  • Have an annual income of less than $46,000 for a single person or $52,550 for a couple, and have liquid assets equal to or less than the income levels above, and
  • Live in Belmont, Brookline, Needham, Newton, Waltham, Watertown, Wellesley or Weston.

Springwell is always looking for volunteers for our Money Management Program.

Contact Us

Interested in the Money Management Program? Call Springwell at (617) 926-4100 and ask for Springwell’s Money Management Program Coordinator, or fill out and submit this contact form.

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307 Waverley Oaks Road, Suite 205, Waltham, MA 02452
Phone
617-926-4100
Fax
617-926-9897
TTY
617-923-1562
General email
inforef@springwell.com
Volunteer Program Email
volunteer@springwell.com