A cane and proximity alert bracelet assembly for prevent losing a cane includes a base, a shaft coupled to the base, and a handle coupled to the shaft. A transmitter is coupled within the handle. A cane alert is coupled to the handle and is in operational communication with the transmitter. A proximity alert bracelet comprises a bracelet body configured to be worn by a user. A receiver is coupled within the bracelet body and is in operational communication with the transmitter of the cane. A bracelet alert is coupled to the bracelet body and is in operational communication with the receiver. Each of the cane alert and the bracelet alert is activated when the receiver and the transmitter reach a predetermined distance apart to alert the user.