Money Management Program

The Massachusetts Money Management Program is a free service that assists low income elders who are at risk of losing their independence due to an inability to manage their own finances. Jointly sponsored by the AARP, Mass Home Care, and the Executive Office of Elder Affairs, this program is operated locally through Mystic Valley Elder Services.

Through the Money Management Program, a trained, insured, and supervised volunteer is matched with an older adult who needs help with bill paying and other routine financial tasks. Available services range from organization and keeping track of financial and medical insurance papers to establishing a budget, helping write checks, balancing checkbooks, interpreting statements, and sorting mail.

These services are offered free of charge to individuals who qualify. Eligibility is based on age (must be 60 or older), asset limitations, and income guidelines of $24,837 for single persons and $35,144 for married couples. These guidelines are accurate as of January 2010 and are subject to changes.

To learn more, contact the Money Management Program Coordinator at 781-324-7705 or request information.