Long story short. Grandma is 63 years old. She lives in El Salvador taking care of my 90 year old great grandmother. Overall, health is all okay but you know with age comes diapers, daily care, etc.
Grandma is 18K in debt with a $1K minimum payment. Half of that is credit cards and half is a stupid $20K car - which she needs to sell.
Zero in savings. Zero in retirement. $16 to her name as of today in her checking account. When I say zero, it IS zero.
Her income is her $500/mo pension, which for El Salvador isn’t bad at all. My great grandma’s income as for her husband’s will is $2,600/monthly. For me, it’s hard to believe $2,600 isn’t enough to live comfortably there.
She sold her house for $100K and had $28K in dividends from the family business. That’s all gone now.
Her only asset is the house that’s technically my great grandmothers but it’s in grandma’s name. It’s a special home and needs to be kept in the family. It was designed by my great grandfather.
She’s the type of person who isn’t a good communicator. She told me she was having money problems but did not tell me all this above until literally yesterday.
Her household doesn’t have money to pay for any of October’s bills, medication, food, domestic help, etc.
On top of that she’s a high functioning alcoholic. The plan is for her to come live with my dad (10mins away from me) when she doesn’t have to care for great grandma anymore.
Additional info: What did she spend all her money in? Bailing my uncle out of his own financial mess and he’s still not even out (deserves a post by itself tbh), useless crap from Walmart/Target, wine and cigarettes.
I’ve pleaded with her to sit the fuck down and write down a budget with me. We’re yet to do that.
She’s caused all this herself.
I’m 25 and just about making ends meet. Pouring money into this isn’t the solution. The $128K would have solved it.
What else can I ask? What would you do?
Submitted October 01, 2019 at 09:13PM by cutestrangerdog https://ift.tt/2ornZOn
