Taking care of an older adult, disabled spouse, or other family member can, for some, be as rewarding as it is challenging. Giving your loved one a safe and secure environment is often crucial for their quality of life. But the physical and emotional toll as well as the daily financial costs of caregiving might be daunting.
AARP estimates family caregivers spend an average of about $7,200 per year on out-of-pocket costs for dependents. And that’s not counting the time you can’t work (or maybe work a full schedule) while caring for someone.
