By Marc C. Shaffer
As a financial advisor, I’m always on the lookout for tools that can help our clients protect their assets.
Recently, I’ve been using Carefull, a service that helps guard money, credit, and identity from threats, thieves, and everyday money mistakes. It is a great tool to monitor your own financial accounts or those of a loved one, especially as they age. What’s particularly useful is its ability to consolidate monitoring across multiple accounts.
I have personally been using this alongside my father. I can stay on top of his finances without having to log onto numerous websites to check his bank account, credit cards, bills, and other financial services. This centralized oversight saves time and helps ensure nothing slips through the cracks.
Carefull has proven invaluable in monitoring both my personal accounts and my elderly father’s finances. The service provides timely notifications about potential issues, giving me peace of mind and allowing for quick action when necessary.
Some of the alerts I’ve received include:
- Unusual spending patterns
- Large transactions
- Changes in recurring bills
- Potential identity theft attempts
- Credit report changes
While many of these notifications don’t require immediate action, they keep me informed about our financial activities. This awareness is crucial, especially when overseeing my father’s accounts.
What I appreciate most about Carefull is its proactive approach. Instead of reacting to problems after they occur, the service helps prevent issues by flagging potential risks early. This has made managing finances more efficient and less stressful for both me and my family.
Carefull offers a newsletter that provides expert tips about family finances. This resource has been incredibly helpful in navigating complex financial situations, particularly when it comes to managing finances across generations. Have you ever wondered how to approach the topic of finances with your aging parents? Do you know the best and worst times to discuss sensitive topics? The newsletter has articles to help with many questions like these that you may have.
Perhaps one of the most valuable features is that upon signing up for Carefull, users receive $1 million in identity theft insurance. This additional layer of protection offers significant peace of mind in today’s digital age where identity theft is an ever-present threat.
For clients looking to enhance their financial security, particularly those managing finances for elderly parents, I highly recommend exploring what Carefull has to offer. It’s an excellent tool for staying ahead of threats, thieves, and everyday money mistakes, while also providing valuable resources and substantial identity theft protection.
If you’re interested in learning more about Carefull, additional information can be found by visiting their website at getcarefull.com. We’d be happy to schedule a time to talk more about the service or assist you in signing up. Don’t hesitate to reach out if you have any questions or would like to explore how Carefull can benefit your financial management strategy.
You may also be interested in reading:
Financial Caregiving Should Start Long Before the Need Arises