Elderly parents moving in with you? Here are tips on what to do.
If you have recently convinced your parent to come and live with you, you probably are experiencing concerns or stress about the upcoming transition. Even if you get along great with your parent, there’s bound to be some tension in the beginning, while other things that don’t create conflict can still take some adjusting to. Luckily, we’ve compiled a list of helpful tips to help you cope and prepare for a parent moving in. Read on to find out more.
Handling Your Finances
Depending on your parent’s situation, you may have to take on a sizable amount of financial burden. Ideally, your parent should use their own money to purchase common items like food, clothing, etc. for as long as that can be reasonably expected. You should talk to your parent about this and set up clear boundaries for the divvying up of financial responsibilities, although this plan should be open to reevaluation every year or so as finances can change and retirement funds can fall short.
In any case, you should adjust your own personal budget to account for the fact that you probably will need to give your parents at least some support beyond housing. You should also keep track of how much you spend on your parent in the first months and years, so that you can get a general idea of how much money to set aside for some of their expenses.
Set Expectations Right Away
It’s imperative to have a serious conversation with your parent (ideally) before or soon after they move in about what life is going to look like living together. Some questions to consider discussing:
Is the parent expected to contribute to household chores? If so, which ones? How often would you like certain chores to be done?
How much privacy do you each expect from each other? Is going into each other’s rooms allowed when the other person isn’t there?
What are some common rules already put into place at your house? No dishes outside the sink? No food upstairs? Which rules are flexible and which are staunchly enforced?