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Reply to "Is there anything you can practically do about foolish spending?"
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[quote=Anonymous]Relative is 72 and has been retired 10 years (drawing down SS at the first opportunity/lowest amount) but has spent the whole time convinced she was going to go back to work after overcoming one health problem or another. Shops and spends too much. We have had several thousand dollars of credit card bills written off. I have no idea what impact on her credit. Tonight she announced a plan to buy a new car. Why? Husband is sometimes at doctors appointments with the car they have (luxury SUV, not yet paid off) and she can’t “just sit at home” for the duration of the appointment. Of course. I’m not sure who would even give her a car note but if she found one I’m sure they’d be under horrific terms. Is there anything that can practically be done? Maybe even just setting up a credit alert so we would have warning she is trying to take out a new line of credit?[/quote]
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