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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: HungarianGypsy

It’s a tough thing to realize a parent or close family member is unhealthy for you...b/c you have to make hard decisions you really shouldnt have too...(i.e. to keep your distance)

IMHO, most of the time it’s mental illness...my dad is bi-polar and a manicly depressed...but he won’t get help, and blames others for every problem he ever had...so...I’ve had to keep my distance, and it hasnt been easy. I’d like to have the ideal situation of both parents being responsible, loving, etc...but God gave me something different...so I do the best I can.


61 posted on 01/07/2008 7:54:24 AM PST by in hoc signo vinces ("Houston, TX...a waiting quagmire for jihadis.")
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To: informavoracious

And as a previous poster said, she’s not even the one who brought him into the world—she took on the responsibility of raising him out of the same familial sense of responsibility that he denies towards her.


62 posted on 01/07/2008 7:56:55 AM PST by mrsmel (Free Ramos and Compean! Duncan Hunter for President!)
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To: shrinkermd

I think the writer is testing the waters to see if people will agree to help their family members financially, especially dear old grandmothers.

The United States is going bankrupt and more and more articles are coming out about taking care of grandma and grandpa.

And it is not me bleating bankruptcy. It is the Comptroller General:

http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml


63 posted on 01/07/2008 7:57:11 AM PST by Hostage
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To: in hoc signo vinces

Your dad sounds just like my mom. Bless you for having a good mother, though. I miss my dad.


64 posted on 01/07/2008 7:58:18 AM PST by HungarianGypsy
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To: shrinkermd
When providing financial assistance to a family member, is it fair to say the money comes with constraints on how it is spent?

Yes.

I had a brother-in-law that used to ask for money to 'buy diapers' who, instead, used it to purchase pop and cigarettes for himself. Only took a couple of times of that kind of thing to learn a hard lesson.

Next time he asked for money to buy diapers, I took him to the store and bought diapers for his daughter. He never asked for money again.

65 posted on 01/07/2008 8:04:06 AM PST by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: GovernmentIsTheProblem

My mother needed some money, so I loaned it to her, no questions asked. Later, my sister, who always had financial problems was showing off a new camcorder, back when they were expensive rarities. I asked her how she could afford it, and she told me that Mom had given her the money. I still feel used about that. I didn’t have a camcorder and was expecting my first child and would have loved to have one, but I couldn’t afford it at the time.


66 posted on 01/07/2008 8:08:51 AM PST by sportutegrl
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To: AZFolks
I agree. I find his statements abhorrent. In my family, we take care of each other as a matter of course. No one in my family for the past three generations has been left to fend for themselves if they needed help, and no one has ever been dumped in a nursing home or elder care facility.

Of course, this is easy when everyone in the family has is hard working and honest.
67 posted on 01/07/2008 8:10:07 AM PST by LIConFem (Thompson. Lifetime ACU Rating: 86 -- Hunter Lifetime ACU Rating: 92 (any combo will do, fellas))
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To: MEGoody

Reminds me of my brother-in-law. He gave me a sob story about not having any transportation for work so I sold him my motorcycle for $100. You guess it! He turned around and sold it for what it was worth - much more.


68 posted on 01/07/2008 8:13:47 AM PST by ladyjane
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To: shrinkermd

I’m so mad at my mother. She’s 102 years old and she called me up last week to borrow $10 for some food. I told her “Hey, I work for a living!” So I lent het the money (had my secretary bring it down), and yesterday she called me up and says she can’t pay me back for a while. I said “What is this Bull$h!+?” So I worked it out with her. She’s gonna change my transmission. If that doesn’t work out I’m gonna have her carry my barbells up to the attic.


69 posted on 01/07/2008 8:27:39 AM PST by BlueMondaySkipper
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To: shrinkermd

When asked give if you can. Make it a gift though. If they pay it back that’s great. If not, it wasn’t expected and no hard feelings. If you have been blessed with the ability to help others , do it.


70 posted on 01/07/2008 8:29:05 AM PST by CindyDawg (.)
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To: AZFolks

It’s not an obligation, it’s a blessing.


71 posted on 01/07/2008 8:30:46 AM PST by CindyDawg (.)
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To: crymeariver

I read “People” magazine in the Wal-mart line for the same reasons - it makes me feel just wonderful about my own life!


72 posted on 01/07/2008 8:31:41 AM PST by Tax-chick ("The keys to life are running and reading." ~ Will Smith)
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To: Tax-chick

I would hope so.


73 posted on 01/07/2008 8:32:15 AM PST by CindyDawg (.)
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To: CindyDawg

A couple of posters suggested that it was a metaphor for Big Government and taxation. I think there’s something to that: it’s hard to believe that people like the author, or the others he describes in the article, really exist, but it makes sense if they’re allegorical.


74 posted on 01/07/2008 8:34:10 AM PST by Tax-chick ("The keys to life are running and reading." ~ Will Smith)
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To: shrinkermd

He should have saved this piece for Mother’s Day.


75 posted on 01/07/2008 8:34:53 AM PST by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: shrinkermd

That he would even question his decision shows what a shallow, selfish little man he is. What a disgrace.


76 posted on 01/07/2008 8:35:09 AM PST by peggybac (Tolerance is the virtue of believing in nothing)
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To: pandoraou812

What’s sad if that she had to even ask. When I have a little extra I love do special things for my parents. My favorite is buying my mom a Walmart card. I tell her that she must use it for herself for things she would normally pass on.


77 posted on 01/07/2008 8:36:18 AM PST by CindyDawg (.)
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To: shrinkermd

Give granny some money but also make the point that if her lifestyle includes financing others to lunches and things, that you will NOT be giving money again.

Then someone needs to smack the author in the head for making this a public issue in a newspaper.


78 posted on 01/07/2008 8:38:42 AM PST by A CA Guy (God Bless America, God bless and keep safe our fighting men and women.)
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To: AZFolks

Maybe more parents and grandparents can try this; turn it into a sort of reverse-inheritance (copyright claimed this date 01/07/08), this heartless bastard could provide the idea and minimum startup capital and get rich off his grandmother’s simple plea.


79 posted on 01/07/2008 8:40:33 AM PST by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: getmeouttaPalmBeachCounty_FL
I have a question for him. Does grandma own a house? Have any valuables? Will her family put it all in someone else’s name 2 years before she goes to the nursing home? Will the family have remorse about using any of her assets after she is gone for luxuries she might not have approved them spending it on?
80 posted on 01/07/2008 8:40:46 AM PST by CindyDawg (.)
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