No. of Recommendations: 1
IslandFooling:

Well, I certainly hope they decide not to attack the pension funds, but it is their money, their lives and they will do what they think is best. Which in turn, may not be the best thing.

Everyone has stated that most people start charging the cards back up again.

But it is their life and they will do what they want. The problem is that attacking the pension funds is an equivalent to the quick fix.

I hope they do learn, but if they don't there is very little that you can really do about this. I would have a chat with your sister about looking for loans and anything that would help pay for college.

Remember that you tried your best and you can lead a horse to water but you cannot make it drink.

I have the same problem with some relatives of mine. When Grandmother died, all of us inherited a piece of money. I had no debt at the time and bought a house. I realized that once the inheritance stopped, I would end up working a second job for a while. Everything is fine with me.

However my relatives bought a house really far out, sold their own house and paid the new house off. With stocks going down, they have attacked all they could to the stocks for the real estate payments. No my relative is emptying her childrens's retirement funds to pay for the taxes. Then my cousin got cancer and will probably be out of work for the greater part of a year, read (less money coming in). When do I think this will catch up? Who knows but it will. I stopped saying anything. I did mention once that they needed to save up for the real estate taxed and got some totally dazed looks. Save up? what is that?

Catleen
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