Wednesday, September 13, 2017

Please help! My family has been poor my whole life and my father just died and got a 100k life insurance policy and now my mother is spending the money like we are rich when we need it to live on for the next 5 years. personalfinance

I am extremely worried about how she is spending this money, right off the bat she spent 17k on the funeral including tombstone. She got a costco membership and is spending insane amounts of money there. She bought a 1500 refrigerator when the one we have works fine and is really nice A 2600 couch from Ashley Furniture when a couch from value city furniture would have been. I have no idea how much money she has left but I'm afraid to even ask at this point my dad has only been dead for 1 month and I have no idea why she is doing this. She has never been good with money. My sister is enabling her spending. I am disabled and I receive a small check from the government I am the only real income my family received before my father died and it's putting stress on me because I know once the money runs out I'm going to have to help with things like the house payment and with that large amount of money that was enough to pay our house off.

My sister is enabling this Behavior and yesterday when I told them that their behavior was disgusting I was told that I just couldn't handle change and my mental illnesses were thrown in my face.

I've been watching silacon valley and they discuss burn Down charts a lot is there anyway I can calculate when they will run out of money, I'm like Jared always trying to save money in the best ways possible how can I show them that the money will be gone in a year if they don't stop this madness?

Edit: she also spent 2600 on a barn when all she needed to do was rent a dumpster and clean out her 2 car garage that is filled with junk she's been hoarding for 20 years



Submitted September 13, 2017 at 09:17PM by GBTCDude http://ift.tt/2xkVvbN personalfinance

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