Financial technology services and tools, or fintech, providing tools to remain independent, financially stable, and safe at any age.
Fintech can help with everything from keeping track of bills to estate planning management. Below are four of our favorite tools that you or a loved one can easily start using.
Cake provides an easy-to-use online platform to prepare for and keep track of estate planning, life insurance, and power of attorney. For example, you can create a will directly through their website and feel confident that all your important information (dependents, gift distribution, executors, etc.) will stay in one place.
While there is a cost to create a will online, Cake’s price is significantly lower than trying to handle estate planning in other ways.
True Link provides financial services and easy-to-manage prepaid debit cards to older adults, people with disabilities, and those recovering from addictions. By using their prepaid card and online system, you or a loved one have access to features like:
The card and online system encourages autonomy and still provide protection without being overbearing. You can use True Link to pay for everything and feel confident knowing that you or a loved one will have an added layer of financial security.
PocketGuard is an app available on iPhones and Androids that simplifies financial management. It connects your financial accounts and lets you know how much money you have at all times, where you’re spending the most, and suggests ways to get a handle on finances.
What sets PocketGuard apart from other apps is that it helps you find offers to lower monthly bills. The app gives you all the tools you need to be successful financially without feeling like you have to limit the things you love.
SilverBills is an online concierge bill management service focusing on older adults. With it, people get access to their account manager, which helps them keep track of finances and pay bills on their behalf. As a result, users don’t have to worry about late fees, navigating complex pay portals, or keeping track of paper bills any longer!
While this may seem more like a luxury service, it’s incredibly affordable! SilverBills’ website features a transparent price breakdown, and you’d only pay a monthly flat fee — there are no hidden fees or surprise costs.
Because of their success, the number of fintech services aimed at older adults will continue to grow. We can expect services to become even more user-friendly and accommodating to all needs. This means that older adults who use these tools will have better chances to stay independent and have more control over the financial aspects of their lives.
Finding affordable housing can be difficult at any age. Certain areas have more availability than others regarding housing programs, causing confusion and uncertainty when trying to find available local options. Below are a few resources that may help.