No one is ever ready for the loss of a spouse, and when it happens, the hard reality of dealing with money comes along with the intense grief. Financial help for widows should come only from trusted sources, so remember, go slow and be cautious.
Six Important Pieces of Advice
Get organized – If you were already handling bills and other financial matters, you’re fortunate. You’re already up to speed on what’s going on. If not, the first thing you should do is tackle all the files and paperwork. Use an accordion file, three-ring binders, or whatever filing system works for you to set up a system for managing information.
Pay the bills – It’s easy to feel overwhelmed as you try to locate account passwords and understand your household bills, so enlist the help of your children or close friends. Focus on setting up a system for paying your bills automatically and on time. Make sure you have funds to cover your immediate needs. If you’re in an urgent cash crunch, a resource like CashMax can help you with short-term loans and other services.