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Author: auntpat Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19553  
Subject: Re: Help! Need Suggestions For Mom Date: 4/9/2000 5:47 PM
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No medical insurance ?? Although your mom is in good health now, that could change, and if your mom would be hospitalized, the $50,000. could be eaten up in no time at all. She should get medical insurance without further delay.

And, your mom will pay rent, utilities, food, etc. from her child care pay ? I think you will find that child care workers receive minimum wages and that isn't enough money to live on. She would be better off to "live-in" and care for children. In that circumstance, she would have a roof over her head, food to eat, paid utilities, plus a salary for taking care of the children.

I think her $50,000. should be put into the highest paying money market account you can find, and stay there as an emergency resource. She should not gamble with this money, e.g. Stock Market investments.

Good luck to her,
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