No one wants to admit that it might be time to get some help. But that time will come whether you’re ready for it or not.

You may notice that you are starting to slow down, or that cooking and cleaning are a little harder than the used to be – When that happens its time to start inking about your senior living fund.

No, we didn’t make that up it’s a real thing and we’re going to walk you through how to plan it.

It Can Cost More Than You Think

In a lot of cases, people think they know what to expect – then they are surprised when they find out just how much it costs.

The national average for the cost of an assisted living is $3,750 a month.

You may be able to look in neighboring cities to see if you can find something Less expensive. The cost of living varies from city to city. In some cases, you can negotiate the price or find move-in specials.

When you’re making your senior living fund you need to make sure that the place you are saving for has all the things you need. That’s because the more care you need the more you’re most likely going to have to pay.

Plan Your Senior Living Fund

When you start to plan your senior living fund it’s important that you know what your monthly budget is. Sit down and write out all of your expenses, then figure out how much you can begin to save.

You might need to cut back on some things to get your budget under control and it might be an uncomfortable thing to do. However, the longer you have to plan the less pressure there will be on you and your budget.

Some people even like to see an accountant to help get their plans started.

Look into Your Benefits

You might have benefits that will help you with your assisted living financing. In most cases, social security is what people use.

If you or your spouse is a veteran you might be able to use your veterans benefits to help fund your care.

If that’s not your case -you can always look into long-term care insurance options.

You just want to make sure you are aware of the premiums and how it will affect the policy you already have.

Don’t Be Afraid to Ask for Help

If you feel like you’re a little over your head with all of the planning – it’s okay to ask for help. You can asked friends or loved ones who have been through it before.

Like we mentioned before, you can also make an appointment to speak with an accountant. It’s better to ask for help now than to be in a position where you need assisted living but never started a senior living fund.

If you are interested in seeing an assisted living facility that as all of the amenities you could want – sign up for a tour.