Money Management Program

Money Management, assists adults age 55 and above for whom monthly bill payment is a struggle. 

Volunteers may also provide help with regular accounting tasks such as managing income and expenses and balancing the checkbook. Certain specific safeguards within the Money Management program have been put in place to protect client finances. These include:

• Training and monitoring of all volunteers
• Paying bills from a designated checking account
• Reviewing canceled checks and bank statements monthly
• Maintaining a policy of confidentiality
• Providing liability insurance coverage in the event of mismanagement of funds

Assistance with managing their money often makes it possible for participants to continue living independently in their own homes. Plus others are positively affected:

• Family members find peace of mind knowing that their loved one’s finances are being monitored by trained and trustworthy Volunteers
• Providers of goods and services are paid on a timely basis
• Financial institutions are able to avoid the problems that arise when clients mismanage their accounts

Those who need help with their finances, wish to refer someone who does or who wish to volunteer should call (203) 575-4220 or email elder [at] newoppinc [dot] org.

The Money Management Program is supported by grants from the Western CT Area Agency on Aging and the Corporation for National and Community Service.