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Grandma Needs Money. Now What?
Wall Street Journal ^ | 6 January 2008 | JEFF OPDYKE

Posted on 01/07/2008 6:58:30 AM PST by shrinkermd

My grandmother recently, and reluctantly, asked if I could give her some money.

There's no question my wife, Amy, and I will give her the funds; she raised me and is, by and large, the woman I consider my mom. She has always been kind to Amy. If we have the discretionary cash that can make my grandmother's life happy, shouldn't we hand it over?

Yet the request has caused us a lot of angst.

Part of our concern is where this will lead. Although my grandmother isn't asking for a lot of money -- just a few hundred dollars -- when you open your wallet to family members, the first time is rarely the last. We don't want to get in the position of becoming my grandmother's ATM.

But it's more than that. Amy and I have worked hard to earn this money, and it's frustrating to have somebody want to tap into our account. What's more, my grandmother will no doubt use the money for things that we'd never buy ourselves. We don't want to feel like suckers for funding a lifestyle that we might consider indulgent.

So that leads us to the question we've been grappling with: When providing financial assistance to a family member, is it fair to say the money comes with constraints on how it is spent? Or, is financial assistance an exercise in unconditional love?

(Excerpt) Read more at online.wsj.com ...


TOPICS: Culture/Society; Editorial
KEYWORDS: charity; genx; home; relatives
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To: shrinkermd

This guy is an idiot.

He said his grandmother asked reluctantly. If that’s the case, that opens up an opportunity for the guy to work with his grandma to see where the money goes and where it comes to make sure she doesn’t get in a bind again. It doesn’t mean he says “this yes, this no” on her stuff, it may be a real help to her to have someone document her cash flow with her. My Dad has an accountant for this reason. If he casts it as offering free accountancy services, this may be a real win for both parties! And they’ll spend more time together, have some tea while they put all the papers in order, etc.

If this grade A moron can get a column, maybe I should go for one too! I certainly have more sense than him!


41 posted on 01/07/2008 7:28:56 AM PST by VictoryGal (Never give up, never surrender!)
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To: knuthom

I know a mom who did the same thing but she told her son “I’m not paying for you to kill yourself with food”. His mom was a health nut. When he complained to me, I told him to get a real job and get off the tit. Then he can eat anywhere he wanted. That didn’t go over very well.


42 posted on 01/07/2008 7:29:34 AM PST by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: GovernmentIsTheProblem

Surely his grandma is no longer living and this is a fictitious story!

He goes on to talk about a friend who is giving money to siblings. No way in HECK would I continually fund a sibling’s bad spending habits.

My sister is learning this with her grown daughter who insists that her parents continue supporting her LUXURIOUS lifestyle even after she marries in a few months.


43 posted on 01/07/2008 7:29:38 AM PST by a real Sheila (stop hillary NOW!)
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To: a real Sheila

“My sister is learning this with her grown daughter who insists that her parents continue supporting her LUXURIOUS lifestyle even after she marries in a few months.”

My sister is doing this to my parents.

I bowed out of going to her wedding, and didn’t send a gift.


44 posted on 01/07/2008 7:31:08 AM PST by GovernmentIsTheProblem (The GOP is "Whig"ing out.)
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To: 2banana
and the AARP membership would be the first things on the "can live without" list.

I'm certainly no fan of AARP, but membership is something like $10 a year and it comes with a host of discounts. Assuming that grandma is actually using those discounts (and its something she'd be buying anyway), dropping AARP might be a losing proposition.

45 posted on 01/07/2008 7:32:03 AM PST by Publius Valerius
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To: shrinkermd

Oh, I thought this was some kind of satire - “Grandma” being Congress who raised them (nanny state) and was now asking for more money to support itself and buying stuff it “didn’t need.”


46 posted on 01/07/2008 7:33:26 AM PST by Right Cal Gal (Remember Billy Dale!!!)
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To: shrinkermd

“Let me say it at the outset: I don’t believe children bear an obligation to their parents as a cost of having been raised by those parents. Bringing a child into the world is a parent’s choice, not the child’s. Thus, the obligations that do exist run from parent to child, not in reverse.”

If you believe that Mr. Opdyke, then your grandmother did a horrible job raising you.


47 posted on 01/07/2008 7:34:14 AM PST by HamiltonJay
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To: a real Sheila

More and more elderly folks are becoming gambling addicts.


48 posted on 01/07/2008 7:35:21 AM PST by a real Sheila ("President Obama." Dohhh! That is PAINFUL to say! May it never become a reality.)
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To: jude24
She should write a letter to the editor about when he stopped wetting the bed. Except he just did.
This is private family business, does not belong in the pages of the WSJ.
As for her social life, it's all she's got, she'll have less of it all the time, and thanks to him she probably just lost a big chunk of it.
Want to bet she loses friends while defending his vile behavior?

"Cut out your mother's heart and bring it to me, and then I shall be truly yours!"
That night, the young man sneaked into his mother's room, killed her and like one possessed by the devil, cut out her heart. In the dead of night, he made his way to his beloved with the heart of his mother in his hands. As it was dark, he stumbled upon a stone and fell. His mother's heart dropped out of his hands.
Out of it came his mother's voice, "My dear son! are you hurt?"

49 posted on 01/07/2008 7:36:58 AM PST by 668 - Neighbor of the Beast ( "Do well, but remember to do good.")
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To: shrinkermd
But it's more than that. Amy and I have worked hard to earn this money, and it's frustrating to have somebody want to tap into our account. What's more, my grandmother will no doubt use the money for things that we'd never buy ourselves. We don't want to feel like suckers for funding a lifestyle that we might consider indulgent.

Hilarious!!!!! I thought for sure that this was going to be a metaphoric article about the democrats use of taxpayer money.

This is exactly the way my husband and I feel but old "grandma" is the tax collector.

50 posted on 01/07/2008 7:38:49 AM PST by New Girl
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To: shrinkermd
But it's more than that. Amy and I have worked hard to earn this money, and it's frustrating to have somebody want to tap into our account. What's more, my grandmother will no doubt use the money for things that we'd never buy ourselves. We don't want to feel like suckers for funding a lifestyle that we might consider indulgent.

So that leads us to the question we've been grappling with: When providing financial assistance to a family member, is it fair to say the money comes with constraints on how it is spent?

I wonder if he feels as strongly about the "hard earned money" he gives to his Uncle Sam.

51 posted on 01/07/2008 7:39:51 AM PST by Mygirlsmom (If a Dem wins in 08 look for CHANGE. Get a metal detector, the $ between the cushions won't go far)
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To: shrinkermd

May the aptly initialed Jeff Opdyke live long enough to depend completely on the tender mercies of his descendants.


52 posted on 01/07/2008 7:40:03 AM PST by 668 - Neighbor of the Beast ( "Do well, but remember to do good.")
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To: shrinkermd

I bet grandma really appreciates her business being on the pages of the WSJ!


53 posted on 01/07/2008 7:40:12 AM PST by sweet_diane (I am voting substance over style...deal with it!)
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To: AZFolks
“Let me say it at the outset: I don’t believe children bear an obligation to their parents as a cost of having been raised by those parents. Bringing a child into the world is a parent’s choice, not the child’s. Thus, the obligations that do exist run from parent to child, not in reverse.” Is there anything else to say but WOW. If he hadn’t written it, I would have never believed anyone would be so deranged as to say that.

What did you think socialist ideology regarding extended family entails? They are all about denying personal responsibility.

54 posted on 01/07/2008 7:41:16 AM PST by MrEdd (Heck is the place where people who don't believe in Gosh think they aren't going.)
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To: ThisLittleLightofMine

No kidding. Gran will be the laughingstock of the brunch and bingo club and guaranteed will never ask him for another dime, especially when she was so reluctant to begin with. But who knows, maybe that was the intent of the article, mortify her so she’ll rather die than ask again. I wonder if the old lady contributed in any way to his education that helped him get a decent job?


55 posted on 01/07/2008 7:42:08 AM PST by informavoracious
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To: in hoc signo vinces

Stories like yours are what people who have two good parents do not think of. I didn’t have to give my mom money, but she was emotionally taxing and mentally abusive. Finally we had to cut off contact with her because it was unhealthy for my children to be around.


56 posted on 01/07/2008 7:45:15 AM PST by HungarianGypsy
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To: Publius Valerius
I'm certainly no fan of AARP, but membership is something like $10 a year and it comes with a host of discounts. Assuming that grandma is actually using those discounts (and its something she'd be buying anyway), dropping AARP might be a losing proposition.

The AARP is also one of the most liberal, big government, raise taxes (on anyone but seniors) organizations out there. Sorry grandma - it has got to go...

57 posted on 01/07/2008 7:47:01 AM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: ThisLittleLightofMine

No kidding. Gran will be the laughingstock of the brunch and bingo club and guaranteed will never ask him for another dime, especially when she was so reluctant to begin with. But who knows, maybe that was the intent of the article, mortify her so she’ll rather die than ask again. I wonder if the old lady contributed in any way to his education that helped him get a decent job?


58 posted on 01/07/2008 7:48:43 AM PST by informavoracious
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To: 2banana
Sorry grandma - it has got to go...

Maybe it is, but how does getting rid of AARP help grandma's finanical situation?

59 posted on 01/07/2008 7:51:53 AM PST by Publius Valerius
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To: informavoracious

I read Opdyke’s article every Sunday and it’s all about family issues and money. He debates with himself about the cost of soccer lessons, car buying, vacations, second homes, and sharing of household duties. I read because it is a great inside look into X and Y Generation’s pathology. He is also PW’d by his wife AMY.


60 posted on 01/07/2008 7:54:18 AM PST by crymeariver (Good news...in a way)
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