Newsletter signup
Illness and Family Finances: Managing the financial burden of a seriously ill child Illness and Family Finances: Managing the financial burden of a seriously ill child
A SIMPLE TOOL FROM COAST CAPITAL SAVINGS NOW AVAILABLE FOR B.C. PARENTS TO HELP MANAGE THE FINANCIAL BURDEN OF A SERIOUSLY ILL CHILD This... Illness and Family Finances: Managing the financial burden of a seriously ill child

A SIMPLE TOOL FROM COAST CAPITAL SAVINGS NOW AVAILABLE FOR B.C. PARENTS TO HELP MANAGE THE FINANCIAL BURDEN OF A SERIOUSLY ILL CHILD

This Sunday February 15th is International Childhood Cancer Day. The day represents a global collaborative campaign to raise awareness about childhood cancer, and to express support for children and adolescents with cancer, the survivors and their families.

Dan Mornar understands as well as anyone the situation of a parent of a seriously ill child. In April of 1988, his then six year old son Jonathan was diagnosed with a Stage IV neuroblastoma. After many courses of chemo, radiation and a bone marrow transplant, Jonathan achieved a remission for a few years but unfortunately relapsed in June of 1992 and passed away in May of 1993.

When there is a sick child in the family, it can cause immense stress and worry, and the last thing a parent in this situation wants to think about is their finances. Unfortunately, this can also be a time when unexpected financial burdens can pile up quickly, such as loss of income, travel costs, child care for other children, medication, and the possible need for treatments outside of Canada. Strained personal finances are identified as a common, but relatively undiscussed problem these families face. In fact, families of children with cancer in B.C. incur an average of more than $28,000 in costs in the first three months following a child’s diagnosis.

Dan Mornar’s experience as a parent led him to recognize the importance of financial support for B.C. families of children with serious illnesses, in order to help maintain their quality of life. Dan is one of the founders and Chair of the British Columbia Childhood Cancer Parents Association (BCCCPA), a charitable society whose mission is to help families who have children with cancer and who are struggling financially by providing them with aid through their Family Financial Aid Program.

While financial support is helpful, what if there was a simple tool available to B.C. families help to manage or lessen financial burdens in these situations before they happen?

The BCCCPA recently approached Coast Capital Savings, knowing the financial institution’s reputation for delivering simple financial help, requesting assistance in developing a tool for families with sick children – the result was the “Illness & Finances” checklist, which is available now on the Coast Capital Savings website.

This checklist is designed to provide useful information and actionable financial tips to families with a sick child, helping families keep their finances in order so that they can concentrate their time, energy and attention where it needs to be: with their child and family.

If you or someone you know is a parent of a child with cancer or other serious illness, let them know about this new resource available to them.

The “Illness & Finances” checklist is available now on the Coast Capital website at www.coastcapitalsavings.com, or by visiting one of the North Shore branches of Coast Capital Savings.

No comments so far.

Be first to leave comment below.

Your email address will not be published. Required fields are marked *