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[quote=Anonymous]
My 83 yr old mother (widow for 30+ yrs) recently asked for help with her finances.  She was struggling to make the minimum payments on her credit card debt, which had ballooned to $70K.  She lives in a small house nearby that my wife and I purchased for her.   She does contribute toward the mortgage payment.  She's still independent - drives and shops for herself, despite having some mobility issues.  She receives social security and a modest pension from teaching, which essentially covers her medical insurance.  No other noteworthy assets.  She did have $25K in an IRA, but I withdrew 1/3 of that to pay off one of her credit cards to provide some financial relief.  I also loaned her $10K to pay off another card (thanks, QVC for your enticing products and 31% interest!).   Almost every day another package shows up on her porch.  Some contain essentials that were bought on-line for convenience, but others are very discretionary purchases such as collectables from Ebay.  I suggested looking into Shopaholic support threads, but she got defensive.  I also suggested she maintain a "purchase journal" to hold herself accountable for what she's buying, or implementing a 24 hour "cool down" period before any card purchases.  She admits she had no intention of paying off her debt - she just didn't think she'd live long enough to face her bad decisions.  My wife and I are financially comfortable, but I'm reluctant to get our money entangled with hers, because it feels like we'd be enabling her behavior.  Frankly, it's awkward calling her out on her buying habits.  She's mentioned declaring bankruptcy or a using a debt relief service.  I've reviewed all recurring expenses with her, cancelled unnecessary subcriptions, and reduced internet/cable service levels.  Any recommendations or advice would be appreciated!    [/quote]

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