NCOA Launches Online Tool to Help Older Adults Manage Finances
The National Council on Aging launched Budget CheckUp, a free online tool that gives older adults practical tips on how to create a monthly budget and manage their money.
Users answer questions about their goals, such as what expenses they’d like to decrease, whether they are retired or a full-time caregiver, what benefits programs they are enrolled in, their age, and household income. Their responses generate a personalized plan of action to make the most of their budget. NCOA does not collect any personally identifiable information, but users can create accounts to save their plans.
Budget CheckUp is one of NCOA’s suite of online tools that are part of the Age Well Planner that provides advice for getting a job, applying for Medicare and preventing falls.
NCOA also operates BenefitsCheckUp®, a separate online tool frequently used by HECM counselors to show older adults what state and federal benefits programs they may be eligible for to cover daily costs, such as food and health care.
