Consult a Financial Expert
Don’t Assume
Make sure that all of your numbers are correct and leave a cushion so that you can pay for additional financial burdens.
Keep Extra Money
Many experts say that you should have at least $12,000 set aside for each adult.
Don’t Overspend
Do whatever you can to stay within your budget. Going a little over once or twice may not be terrible, but it can hurt your finances if this happens continuously.
Ask for Help
If you show that you really need help, then your family should have no problem giving you some money.
Don’t Pay Out of Pocket
You might be able to save hundreds of dollars a month by just going through your insurance paperwork.
Pay Expensive Debts
Go over your debts and see if you can save any money by paying them right now. This isn’t always viable, but it can be useful.
Conclusion
Paying for assisted living can be difficult financially, but many seniors are able to pay for it and maintain their lifestyle at the same time. You just need to make the right financial moves to keep yourself afloat and keep your senior housing options open. If you do this, then you shouldn’t run out of the money.