I Fear For My Parents' Financial State
My mother is $112,000 in debt, at least, I know she has other debt she hasn't told me about, I know she is still paying off her house too. And she just bought her boyfriend a new car..
My father (my parents are devorced) is at least $40,000 in debt, and he is looking at buying himself a new $3000 laptop (he already has two laptops).
What happens when they die?? If they both died today, would I all of a sudden be $200,000 in debt?? They've both borrowed against their life insurance poilcies to the maximum allowable amount..
I know that they'll never come out of debt either, when either of them has any money at all, say they get a check for $100, they'll go and by themselves something fancy that costs $150...
I seriously hope that I haven't inherrited their spending...
My father (my parents are devorced) is at least $40,000 in debt, and he is looking at buying himself a new $3000 laptop (he already has two laptops).
What happens when they die?? If they both died today, would I all of a sudden be $200,000 in debt?? They've both borrowed against their life insurance poilcies to the maximum allowable amount..
I know that they'll never come out of debt either, when either of them has any money at all, say they get a check for $100, they'll go and by themselves something fancy that costs $150...
I seriously hope that I haven't inherrited their spending...
By:
Lucid
Age:
22-25
,
Female
