MORAL FINANCIAL DILEMMA - ???S
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|Sat, 05-10-2003 - 8:30am|
My father-in-law has had financial problems all his life. He got into credit card debt and filed bankruptcy about 5 years ago. He got into credit card debt again and refinanced is already paid-off house. His car broke and he bought a brand new one. He got into credit card debt again, consolidated, and can no longer get credit cards.
The problem is, he's retired (age 69) and has suffered multiple strokes. He has a pretty decent pension from what I understand and collects social security. But, because he has racked up so many bills, he cannot afford food or medicine. He can't file bankruptcy because he just did that 5 years ago.
He is constantly borrowing money from my husband and I - you may say he is "nickling and diming us to death". He borrows $5 here, $20 there. He also asks us to buy him some food almost every week ("Can you pick this up at this store for me" he says) because he can't afford it. He never pays back though, so I guess saying he "borrows" the money isn't the right word.
THE SELFISH PART OF ME SAYS: Hey, my husband and I suffered and sacrificed to pay off our bills. I don't want to just give our extra cash away now! It's time for us to get some things we've desperately put off (vacation, car, etc).
THE CHARITABLE PART OF ME SAYS: Look, family is family and we should try to help when we can, even if we have to sacrificed some things ourselves. After all, how do we know that we won't be in the same situation someday?
I don't know which part of me to listen to. This is such a morale question/debate. Any advice would be appreciated. Sorry so long!