There are many ways a child can show their love to their parents.
Showing Love to Your Parents by Taking Care of Them
Parents will definitely be happy knowing that their beloved child wants to care for or take care of them. Parents have made many sacrifices in raising their children.
The sacrifices and kindness of parents can never be repaid in kind by their children. However, many ways are available for a child to show their love for their parents. One way is to care for them.
Benefits of being filial to parents
Apart from showing love for your parents, there are various benefits of being filial to your parents. For example, in the teachings of Islam, the rewards you can get include making the path to heaven easier, being given abundant sustenance and being prayed for by your parents (source: Kompasiana).
Caring for Aging Parents, Prepare Money for These Unexpected Big Expenses
If you want to start caring for parents who are starting to age, you need to prepare money for some big expenses.
1. Costs of routine healthcare for parents
Expenses that can be said to cost a lot are those related to healthcare. Not just for parents, healthcare costs are expensive for everyone. However, since parents are aging, they are more likely to need healthcare than young people. Especially if parents have illnesses that require regular treatment.
2. Costs of hiring a caregiver
There are several reasons why you can't look after or be with your parents all the time. For example, if you are still working you certainly have to leave your parents at home. For your peace of mind, you can hire a caregiver to look after your parents. Hiring a caregiver means you have to be prepared to spend money to pay their salaries. Their rates also vary depending on many factors. Choose the one that best suits your needs.
3. Costs of facilities that make it easier for parents to live their daily lives
The older you get, the more obstacles you will face. If your parents find it hard to walk, they may need a wheelchair. Aging parents may also have difficulty climbing stairs so they may need a stairlift or stair climber if it is not possible to have a bedroom for them on the ground floor. This is just an example of the facilities that may need to be provided to parents to make it easier for them to live their daily lives. Of course, the costs are not small.
4. Parents’ daily living costs and bills
Some parents may have enough savings to support their lives. However, if this is not the case, you as a child who wants to care for your parents must fulfill their needs, especially basic needs such as daily food. And, with parents now living with you, of course there will be an increase in monthly bills such as electricity and water.
5. Emergency funds for parents
You never know when you will have to spend money on something unexpected related to your parents' health, considering your parents' age is getting older. Even though they are healthy, they may not be as fit as they were a few years ago. Therefore, having adequate emergency savings is the right step to take.
Apart from that, an emergency fund is very useful if parents don't have health insurance. Or if you have one, an emergency fund and health insurance can support each other. Emergency funds can also be used for other unforeseen circumstances, apart from health problems.
Open Multiple Savings Accounts, Build Emergency Funds in a Deposit and Manage Expenses for Your Parents' Needs: Practical, Easy and as You Want in the Jago application
Of the many big expenses for which funds must be prepared, managing finances practically and easily is something that must be done.
By having an account at Bank Jago, where registration can be done via the Jago application, you can have up to 40 accounts at the same time. In the Jago application you will find the Pocket feature for budgeting the way you want. Each Pocket created will have its own account number.
What Pockets can be created for the needs of caring for aging parents?
1. Jago Spending Pocket and Saving Pocket
For daily needs and savings that can be added to at any time, you can use the Spending Pocket and Saving Pocket.
For example, if your parents have a routine medical check-up once a year, you can save the funds in a Saving Pocket. You can add money to your Saving Pocket at any time, for example every month when you do budgeting. To keep it safe from being tampered with, the Saving Pocket can be locked so it becomes a Locked Pocket. Even though your Pocket is locked, you can still add money at any time. You can choose the Pocket lock period as you want, starting from as short as 14 days.
Meanwhile, for expenses such as the daily needs of parents and caregiver salaries, you can put the money into the Spending Pocket. Create 2 different Spending Pockets so that the allocation of funds is clear and you can more easily track expenses.
2. Jago Term Deposit Pocket
Apart from the Saving Pocket and Spending Pocket, you can also open a Jago Term Deposit. Especially to protect money from inappropriate use and for long-term financial goals, the Jago Term Deposit is the right savings instrument.
For example, emergency funds for parents can be saved in the Jago Term Deposit. Just the way you want, the deposit can be withdrawn whenever needed so it is very suitable as a place to save emergency funds. What's more, besides being able to be withdrawn at any time, the Deposit also doesn't charge a penalty if withdrawn prematurely.
So, make sure you have anticipated the unexpected big expenses when you want to make your parents happy by taking care of them. Don't forget to use the Jago Pocket so you can manage your money the way you want.
