I would like to hear from you seniors all ready in retirement. Here is my question:
My mother's only income is social security of $860 a month. She has a retarded son, who also receives about $750 SSI. So she has a monthly income of $1,610 NET.
I purchased a small house for her. I pay the real estate taxes of aprox. $3,000 a year. I pay the homeowners fees, the house insurance and all house related repairs and needed items. This is what she has to pay:
Electric $140 (Sometimes higher in summer but lower in winder) Lives in FL>
Water 45
Phone 50
Cable TV 55
Auto Ins $100
Car gas 100
Med's 45 (Has a special deal where she gets them for $7.50 ea.)
Lawn 45
Macy's $100 (She has run up her Macys charge card to $2,000 and is now trying to pay it off.
_______
$680 fixed expenses
Balance left for food and miscellanious $ 930.00
She spends what I feel, is a great deal on food, and this in fact is where she says her money goes. She doen't eat out, unless someone takes her out to dinner (Me!)
She claims she can't make it and every month around the 18th or 20th she comes to me stating she is out of money and will I lend her some to tie her over to the end of the month. This has been going on for years, but only since my own income has dropped considerably, have I started to say No, I can't do any more. My uncle pays for any car expenses she has as well, (tires, repairs etc.) Don't you think she should be able to manage with her income with the other major expenses paid for her. Or am I dreaming? Love to hear from some of you on a budget.
My mother's only income is social security of $860 a month. She has a retarded son, who also receives about $750 SSI. So she has a monthly income of $1,610 NET.
I purchased a small house for her. I pay the real estate taxes of aprox. $3,000 a year. I pay the homeowners fees, the house insurance and all house related repairs and needed items. This is what she has to pay:
Electric $140 (Sometimes higher in summer but lower in winder) Lives in FL>
Water 45
Phone 50
Cable TV 55
Auto Ins $100
Car gas 100
Med's 45 (Has a special deal where she gets them for $7.50 ea.)
Lawn 45
Macy's $100 (She has run up her Macys charge card to $2,000 and is now trying to pay it off.
_______
$680 fixed expenses
Balance left for food and miscellanious $ 930.00
She spends what I feel, is a great deal on food, and this in fact is where she says her money goes. She doen't eat out, unless someone takes her out to dinner (Me!)
She claims she can't make it and every month around the 18th or 20th she comes to me stating she is out of money and will I lend her some to tie her over to the end of the month. This has been going on for years, but only since my own income has dropped considerably, have I started to say No, I can't do any more. My uncle pays for any car expenses she has as well, (tires, repairs etc.) Don't you think she should be able to manage with her income with the other major expenses paid for her. Or am I dreaming? Love to hear from some of you on a budget.