<<The worry is that they will fall back into or never get out of their habit of using credit cards. Relapse is a possibility with any "addiction" however my parents have already made changes to their spending habits (while not all are good changes), in terms of CC's, well before I became involved in helping them. All of the CC debt from above has been sitting on those cards for a long, long time. They no longer carry any of the cards with them. Everything is paid for through their ATM/Debit card. Everything except the CC bills that is. My dad got into the habit of paying off one debt by incurring another, perhaps we could call that the melting of the snowball. My mom never uses a credit card, shes no worry. >> Congratulations on taking your own financial education in hand and, I presume, devloping some financial goals for your life.I echo what others have said, though: it's generally a mistake for children to try to parent their parents. From your comment above, it appears that your parents have already staunched the flow of excess spending. What I'd be worried about is that by showing them how they can tap their generous pensions, dad will decide he can start indulging his spending again.Actually, I'd say they are in pretty good shape as is because of the generous pensions they will receive. The only hole in that is whether the pension amount is inflation indexed or not. Most private pensions are not, but a lot of government pensions are inflation indexed.Seattle Pioneer
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