Re: The Parent Trap
Your parents need advice and direction. Whether they know and accept that is the question.
Trying to open their eyes and get them on a budget was a good first step. Is there someone closer who would be willing/able to continue to work with them routinely with the budget?
They have life-long spending habits and attitudes to change. They wont be able to change them overnight (if ever)...but I think this is where they need to start. If they are open to learning, a financial 'coach' would benefit them greatly.
Is their home paid for? Are there any retirment accounts that you dont know about or that they dont remember? Is there any other place where money can be pulled? If so, maybe these are avenues to explore. If not, well...
I completely agree that this has to be YOUR decision for all the reasons already given. Good luck to you!
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