:yuck: To make a long story short, my mother is very dependent on me for help alot. She is not married, lives beside me, is about 70 years old, and is raising two teenage grand children. She supports herself by means of social security, and renting a back bedroom, plus renting out another house where she only gets a little of the money because the rest goes to the mortgage.
Question: My mother just sold a doublewide for $14,000. She has used some of the money to pay off somebills and fix your computer. Now I wish for her to buy another car because the one she has is not worth the upkeep. When her car is in the garage, she uses my other car, which is fine for me, but not for my DH. In fact it is his car. He keeps telling me I need to get her to buy another car, and I agree with him.
My mother is still very indepedent as she makes her own decisions and comes and goes as she pleases. Her plans with the rest of the money is to buy a foreclosure home and rent it. She has seen where she can buy them for 9 to 10 thousand dollars. SOUNDS LIKE A DREAM TO ME! But anyway, she is worried once the money is gone then that is it. She will be out of any way to gain some sort of financial security. She is told old to just go to work, she has no other piece of real estate to sell for extra income, unless she sells the property under her own feet. This money is the last drop.
Should she invest it in a foreclosure home, or try to get another car. She can not afford car payments either. So the idea of put down for a car is not an option either. She is elderly and her income is very small.
She needs another car really bad, but she figure she can buy another car any another point in time after she has other income. She is not always going to have our other car to use, becuase we have plans to sell it also. She knows this as well.
What would you do???????????
Question: My mother just sold a doublewide for $14,000. She has used some of the money to pay off somebills and fix your computer. Now I wish for her to buy another car because the one she has is not worth the upkeep. When her car is in the garage, she uses my other car, which is fine for me, but not for my DH. In fact it is his car. He keeps telling me I need to get her to buy another car, and I agree with him.
My mother is still very indepedent as she makes her own decisions and comes and goes as she pleases. Her plans with the rest of the money is to buy a foreclosure home and rent it. She has seen where she can buy them for 9 to 10 thousand dollars. SOUNDS LIKE A DREAM TO ME! But anyway, she is worried once the money is gone then that is it. She will be out of any way to gain some sort of financial security. She is told old to just go to work, she has no other piece of real estate to sell for extra income, unless she sells the property under her own feet. This money is the last drop.
Should she invest it in a foreclosure home, or try to get another car. She can not afford car payments either. So the idea of put down for a car is not an option either. She is elderly and her income is very small.
She needs another car really bad, but she figure she can buy another car any another point in time after she has other income. She is not always going to have our other car to use, becuase we have plans to sell it also. She knows this as well.
What would you do???????????