Money Magazine Australia

Checklist for the sandwich generation

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Plan your finances carefully, particular­ly building up your assets.

Stick to a budget. Reduce your debts such as your mortgage.

Teach your children to be financiall­y responsibl­e and independen­t.

Get up to speed with your elderly parents’ financial position.

Visit an aged care expert to help plan your parents’ financial needs and government assistance.

Set up benefits such as home care for your parents.

Explore community assistance programs for your parents.

Check if you qualify for the government’s caregiver benefits.

Make time for your own needs.

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