My parents have $50,000 in credit-card debt and $50,000 in a home-equity loan. My father works part-time and my mother refuses to work. How can we help?

My parents are in a tough financial situation. They have always been secretive about their finances. but my sibling recently was able to get more details. Our parents have $50,000 in credit-card debt, $50,000 in a home-equity loan and $110,000 left in a mortgage for the house.

The simple answer would be for my parents to earn more money and stop using their credit cards. My father seems open to looking for a new job but my mom is against it. She seems to think they will be able to retire in three years when they start to also get additional Social Security funds, but they have zero retirement funds and would rely solely on Social Security.

My sibling is working with them on the budget. Maybe getting my father a new job and selling items from the house. Is there anything else we can do right now?They are very lucky to have their children to step in. Anything you can do to get the credit-card debt paid off should be your No. 1 priority. They should cut up those cards and give you the transaction details so you can see where they’re spending their money.

The Moneyist: My partner has earned millions of dollars during our relationship. We’re not married, but am I entitled to anything if we split? The Financial Therapy Association takes a holistic approach to managing personal finances, including your history, anxieties, relationships past and present, and your emotional life. Financial therapists understand that most good and bad financial decisions are also emotional ones. Your parents need to understand why they’ve gotten themselves into this hole, so it doesn’t happen again.

You can’t.

Quantanamo let them fail and learn the hard lessons or personal finance themself

Quantanamo you cant, you father is an adult, he made his finacial choices

Quantanamo Do a Deuce Bigalow?

The 22lr bullet is still only a nickle.

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