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| The Money Management Program |
The Money Management Program is a statewide program administered locally
by BayPath Elder Services, Inc. since 1991. BayPath recruits and trains
volunteers to assist low-income elders manage their money. The Money Management
Program helps elders 60 and over with their day-to-day finances. An elder
does not have to be a BayPath client to be eligible for the Money Management
Program. The Money Management Program is sponsored in part by AARP's Legal
Counsel for the Elderly, Mass Home Care Association, the Massachusetts Executive
Office of Elder Affairs, and contributions from local business and individuals. |
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Services
Provided by the Program Money Management Volunteers Volunteer Services at BayPath Corporate Partners for The Money Management Program |
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Bill Payer volunteers sort and read mail, organize and pay bills, review and reconcile monthly bank statements, write checks, and balance checkbooks as well as assist with day-to-day financial problems such as credit card debt, tax difficulties, and financial exploitation. Representative Payee volunteers have authority to sign checks. These
volunteers are appointed by the Social Security Administration, with the
consent of a physician, for elders who are deemed incapable of managing their
own finances. BayPath Elder Services, Inc. carefully screens and trains volunteers.
Once a volunteer has been accepted into the program, he or she is matched
with an elder who needs assistance. All client accounts are insured through
the American Association of Retired Persons (AARP). The client/volunteer
relationship is held in strict confidence, and the clients maintain total
control of their finances. BayPath provides ongoing supervision and in-service
training sessions. Money manager volunteers typically have one or two clients
and agree to a minimum one-year renewable commitment. Volunteers not only
provide valuable assitance in day-to-day finances but also companionship
to elders who are often isolated. If you would like to become a volunteer,
find out more about the Volunteer Services at BayPath.
The Money Management Program Donations help to support and promote this important program. We
are grateful to the following institutions for providing financial support
for FY 2003:
We welcome your questions or comments about our Web site. Fill out this form. |