In Home Dementia Care Costs: 2 Typical Factors You’ll Have to Consider
In Home Dementia Care Costs: 2 Typical Factors You'll Have to Consider
It seems everything costs more these days. From your trips to the shops to your electric and gas bills, your wallet is likely feeling a lot lighter.
And now, you’re faced with the reality that a loved one needs additional care due to Alzheimer’s or a related form of dementia.
You may think you’ve tallied up all the costs involved with their in-home care, and you may be right, but are you 100% certain you’ve not forgotten something?
When considering in-home dementia care, there are two costs you’ll likely have to face—financial and personal. We’ll examine the financial costs of becoming a carer for an elderly loved one with dementia, and then we’ll look at the personal tolls this responsibility often takes.
We’ve collected some data to show you what other carers in the UK are spending on in their caring roles. We’ll also take a look at what you can expect to experience as a caregiver.
While we can’t know for certain exactly what you and your loved one will need (as every family and situation is unique), we want to prepare you as best we can for what may lie ahead.
In for a penny, in for a pound, as the old saying goes. We like another one, too: A penny saved is a penny earned.
Let’s get going with our tuppence worth of advice.
Financial Costs of Becoming a Carer
The best way to realistically view the financial costs of being a caregiver is to look at how other carers are spending their money. That way, there are no hidden or forgotten expenses to sneak up on you.
Some of these are everyday bills that you’re already paying, but there are specific costs that your loved one’s care will incur also.
Carers’ spending includes:
- Food and drink: In addition to your usual grocery shopping, your loved one may require specialised items like Build Up drinks. If they have other conditions like diabetes, you’re going to need low GI items and a lot more fresh fruit and veg than you’re likely buying now.
- Energy bills: You can expect some of your energy and utility bills to climb once you begin caring. You’ll have extra water usage for laundry and baths, as well as extra electricity and/or gas for keeping the heating and cooling at comfortable temperatures.
- Cleaning products: From more laundry powder to washing up liquid, you’ll probably find yourself spending more on items to keep the house and the people in it tidy.
- Transport costs: Taking your loved one to medical appointments and keeping them active in the community and at social events may put a strain on your travel budget, as well as add wear and tear on your car.
- Equipment and supplies: Your loved one may require special supplies, such as incontinence pads, or special equipment, like a simplified mobile or tv remote. Some of the things they need may be a one-time expense, while others will be ongoing.
- Safety and security devices: Wandering can be a big problem with some dementia sufferers. You’ll likely end up with alarms of some sort on your doors, and possibly a tracking device for your loved one to wear, just to ensure you know where they are and that they are safe.
Those are the effects that becoming a carer can have on your wallet. Now, let’s look at the toll caring can take on you.
Personal Costs of In Home Dementia Care
Your bank account isn’t the only thing that can suffer as a result of you becoming a caregiver. Carers often suffer losses of time, relationships, and self-care opportunities, especially if they are women. Your mental, physical, and emotional health can suffer.
A recent report found that over 850,000 women in the UK are so-called “sandwich carers.” That means that they’re caring for an elderly loved one whilst raising children at the same time. An astounding 78% of them are also holding down some sort of paid work, as well.
That doesn’t leave a lot of time for a social life, relationships, children’s activities, or self-care moments. That kind of demand on a person can lead to “caregiver burnout.”
Caregiver burnout happens when a carer becomes physically, mentally, and emotionally exhausted from the day-to-day obligations of caregiving. It’s characterised by fatigue, stress, anxiety, and even depression.
Let’s take a look at some of the time demands carers currently face. The table below summarises some data collected from a survey of over 3,000 caregivers released in March 2022, as well as the above mentioned report on sandwich carers.
|Number of Hours Caregiving Each Week||Percentage of Carers Involved|
|1 to 19||6% (73% of sandwich carers)|
|20 to 49||23% (7% of sandwich carers)|
|50 to 89||16% (no data on sandwich carers*)|
|90+||54% (no data on sandwich carers*)|
*The report on sandwich carers did not break down the data as fully as the March report, merely reporting that 7% devoted over 35 hours weekly to caregiving.
We have to admit that the subjects in these reports are not exclusively caregivers of those with Alzheimer’s or dementia. The reality, however, is that caring for any loved one is physically, mentally, financially and emotionally demanding.
Love comes with a cost, as they say.
How TechSilver Can Help You in Your Caregiving Journey
At TechSilver, our mission is to make the life of all seniors better. We make many products, like our simplified mobiles, tv remotes, and tablet computers, to help them in their daily life.
One of the goals of our products is to keep our elders in their homes and independent for as long as possible. We also recognize that independence doesn’t always last, and that in-home care becomes a reality.
We mentioned safety and security costs in our list of expenses earlier. That’s one thing that TechSilver has devoted a great deal of time and innovation to.
We feel every senior with some form of dementia, as well as their caregivers and loved ones, deserve safety and peace of mind.
TechSilver's GPS Trackers for Dementia Sufferers
TechSilver delivers that peace of mind in the form of several GPS tracking devices. They come in various designs, from an attractive pendant that can be worn as a necklace, to a global GPS tracker that uses satellite tracking for remote and rural areas, and a set of discreet insole trackers which can be slipped into the wearer’s shoes for added comfort and safety.
Our tracking devices also offer a wide range of capabilities, with common features including:
- Smartphone tracking apps
- Safety and geofencing zone settings
- Water resistance
Our monthly subscriptions include:
- No contracts, cancel anytime
- Unlimited tracking in the UK and Europe
- Smartphone Tracking app with unlimited users
- SOS calls from the device
- UK-based tech support
And all this for less than a pound or Euro per day for the majority of our trackers!
TechSilver cares about you and your loved ones. Check out all of the dementia-related products in our online store today. You may just find a wallet-friendly solution and some peace of mind wrapped up in one.
Hi, I'm Miles
I’m the founder of TechSilver, the world’s leading assistive tech specialists. My team has made these resources to help people care for their loved ones, so we hope we can help you today!
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