I just have to let this out here because It feels like a burden having to shoulder this by myself.
My dad recently retired with no savings. He worked for his whole life, earning abt 4-5k for the last 20 years. Before that i guess he earns less. But he donated most of his money away. We don’t even own luxury goods or alot of stuff.
He does give my mother allowance and with that, she managed to save a small sum of 30k. My parents have chronic illnesses and only my dad has health insurance as my mom didn’t qualify.
So now they are only relying on money me and my siblings give them every month.
To top it all off, my dad has not been paying for the house. He took a bank loan and only paid off the monthly payments once in awhile. Still have over $100k of unpaid mortgage. And you know now all the interest rates are crazy.
And… on top of all this, they still go on holidays with our money. Instead of saving it up. I tried talking to them but to no avail.
I told them i am in a financial bind myself, as my BTO is coming and I need to save up for reno. I also have 2 kids. I don’t stay with them fyi. They told me that it is my fault i am in a financial bind and i should not blame them. But i was not blaming them; i am merely trying to get them to understand their children’s plight so they can learn to save and not waste $ go on holidays.
I have been really stressed over this because anytime, anything can happen. I have siblings but they are all carefree. I feel disappointed with my dad for being so irresponsible. I even think of suicide sometimes. But i know it is not the answer.