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Reply to "Watching my mother manage her money makes me crazy."
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[quote=Anonymous]Yesterday my mother bought a brand new Lexus. Her boyfriend convinced her she needed a Lexus (instead of a honda) and her brother convinced it her it had to be BRAND new. This would be all great if I didn't constantly hear about how she doesn't have the money for xy or z (buy a grill, repaint the house, fix the basement, whatever - not as dire as pay the electrical bill). Similarly last christmas it was decided that we would go to the beach (driving distance from my hometown) instead of christmas gifts from my mom. This was a lovely thought intended to steer the family in a less materialistic direction. We were thinking small and simple. Then my moms boyfriend convinces her to rent the most expensive freaking house on the most expensive real estate in GA (sea island). Before the end of the year, she hands me a check for my sons 529 that she generously contributes to. However it was about 75% less than the original amount. When I inquired why she said she had to pay for the beach house. I had no idea that I was choosing between a beach trip and my sons 529. To top it off, the beach requires us to buy passes which are $350/person. So this easy beach trip is now costing my family over 1k. She decided to buy a crib for my son for her house which was very nice of her. Then she decided to buy the same one as me (that I had bought second hand at a deep discount). So she orders it from the manufacturer for $700. They call back and say crib won't arrive until June (we aren't slated to visit until September), but they have a more expensive crib that's available now! ($900). Well of course she says okay. Again all first world problems, but some days it's like watching her shred money. I keep saying MYOB MYOB. This is her life not yours. This is her money not yours. It just feels so wrong and is so hard to watch.[/quote]
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