No. of Recommendations: 3
Rayvt,

You wrote, At my wife's coffee-klatches that subject comes up every so often. Usually after somebody in the area dies. Some of the ladies get a worried look and say, "If either Jim or I died and the one income stopped, the other could not afford to stay here, they'd have to sell the house and move in with the son/daughter."

She tells me that there is a group of women who nod at this and murmur agreement. And another group of women who sit back and don't say anything, just look at each other and give a slight shrug. After awhile, everybody pretty much figures out which group everybody else is in.


That only works if the women are spending within their means.

My mother is in the later group. She would be one to just shrug. To her, her money is more than sufficient for her needs and she probably wouldn't tell you if it wasn't...

But my mother is spending unwisely. My current projections have her running through her savings in less than 4 years. She'll be down to just social security income.

I've told her my projections. But she still refuses to budget. She might have to sell her house when that happens and move in one of the kids.

My point is that just because they are nodding doesn't mean they really understand the position they are in.

- Joel
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