Do you help with other peoples budgets? I have helped a few family members get their money back under control...most do okay..some do okay for a bit then when they start to get ahead they get off track again.
But I do my moms budget for her, I write up her budget, I pay her bills (she is almost 81 and has no idea with computers) she has a 14 yr old that lives with her (has since birth), she was getting into so much dire straits with her money and stressing herself out I told her I would get her back on track...it took us 18 months and she was doing great...now don't think is much of a spender as she isn't but things in her house got old and started not working so she had to replace it, a boy in school and all his activities and she is on a limited budget..she rarely ate out unless a special occassion...this year has been so much better for her, she has been able to buy a few things she has wanted and not needed...she asks my permission to buy things, as i have certain accounts for certain things..and I rarely say no..as she deserves it and doesnt really do much for herself...her bills are paid and she isn't stressing over them...she is much more relaxed and happy...now she is saving for the 2 of them to go over to the US next year to visit friends...Ii am so glad that we were able to take this journey with each other and she is so much better off...I pay all her bills online and I have a book I write receipts numbers in so hers are in the back so if anyone calls about a bill (some do a couple years later) we have the info...she is free and happy to live out her years stress free...or at least as stress as you can with a teen LOL...
I have taught our daughters the same thing, we were never really taught about money, so it was trial and error for us...but we do okay now...I just hope that the smarter people get about money and the more they teach each other about it maybe the world would be a much better place with less debt...hers hoping
do you help with other peoples budgets
November 16th, 2019 at 04:44 am
November 16th, 2019 at 10:42 am 1573900948
I’ve tried helping SO but he tends to get overwhelmed, and I’m not using a spread sheet.
Will you be teaching the kid who lives with your mom about saving and budgeting?
November 16th, 2019 at 03:05 pm 1573916749
November 16th, 2019 at 10:23 pm 1573942995
November 17th, 2019 at 12:04 pm 1573992243
CB I have done the same with people who have asked for my help..now I say no if I don't think they will stick to it..it takes hours to figure out...so won't waste my time
crazyliblady...some people just don't want to learn but if something happens and she has no savings then what is she going to do...if it was my kids I would say no...you tried to help and show her a better way...so she can get herself out of any messes that arise...its a learning curve...
November 17th, 2019 at 07:20 pm 1574018439
November 17th, 2019 at 09:58 pm 1574027921
But she doesn't have a clue and has been talking to all sorts of high cost advisory firms. I've tried to talk to her about basics, and she kids that I will be her financial adviser, but I think her overall lack of knowledge will cause her to do nothing. I suggested a single Vanguard balanced fund to start, but I doubt she'll even do that.