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Reply to "Cheap and stingy parents"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]just a vent to be honest. the In-Laws live in a modest 55+ community and it took a lot of effort to get them to move about 5 years ago. It was great. the old house was run down and needed to be updated. The lived conservatively, nice cars but 10 years old, vacations but nothing flashy. we always worried that they would run out of money. They wouldn't get a new dishwasher even though the last one was a POS. Mostly due to the FIL who ran the house. FIL passes away and we find out they have $7mm investment account. Really wish they were able to enjoy the $$ and use the money to make their lives easier - getting a cleaning lady, other help around the house, nicer meals out. hopefully the MIL decides to live life a bit easier but frugality is hard wired into their brains.[/quote] My 80 year old parents are like this, they have $15M+ and my mom won’t splurge for leather seats in her Honda crv. And now they don’t feel good enough to travel but they won’t hire someone to come into their house to help them with personal training, meals, etc. It’s really quite sad in my opinion. The frugality runs very deep for them. Although they do pay for all grandkids private schools but I do wish they’d live a little and enjoy the fruits of their labor. [/quote] I hate leather seats. Why don't you grow up and pay for your kids private schools if its important to you .[/quote] It’s likely a tax planning strategy for her parents. [/quote]
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