Reply to Financially Dependent Grandparent- wwyd

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[quote=Anonymous][quote=Anonymous]You need to sit down and have a serious talk with her. There is no reason she should be spending $65,000 a year. None what so ever. You need to explain to her the situation, that you, as her daughter, want to help her, but if you do her grandchildren will be saddled with a large amount of debt come college. She won't want that. Work with her to make a plan that's very manageable for her.

Suze Orman has covered this topic too many times. Her shows are free video podcasts on iTunes as well (might not be bad for your mother to see a few episodes).

What did she do before the unemployment? How internet savvy is she? Any sort of job she could do part-time? Does she drive? Does she own her home? Is she still paying the mortgage?

[b]Obviously her living with you isn't ideal with your current situation. What about moving to a home that is similarly priced but with a sort of separate living area for her? Then have her pay you a little rent, but just put that money aside into a separate savings account her for the future. She clearly needs to be saving money.[/b][/quote]

It doesn't sound like moving into the same house is a good idea.[/quote]

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