Beware the Nursing Home Bandit

Elder financial abuse victim who gave power of attorney to daughter

I’ve never met anyone who was a victim of elder financial abuse.

That’s the nature of the problem.

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Would You Loan Your Family Money, Even If You Knew They Lied?

 

Lying woman wants to borrow money

The following blog post is part of the The Road to Financial Wellness  Blog Tour. Over a period of 30 days, the Phroogal team will go to 30 locations to raise awareness about financial empowerment. On June 6 they will be in the Washington D.C. area! Our goal is to help people learn about money by starting the conversation. We understand that local conversations can help bring about national awareness.

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I met William when he was doing plumbing repairs at my home. I’ve got an old house, so plumbing issues crop up periodically. We started talking and he told me about his dysfunctional childhood.

(It always amazes me when people tell me such intimate details about their lives, and not just about money.)

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I Handed All My Money to the Handyman

loaned moneyWhy did an intelligent woman loan nearly all her money to a guy who was only in the Friend Zone?

There aren’t any easy or obvious answers.

Quite often we don’t understand why we do certain things with money.

Spend. Save. Earn. Waste. Loan. Borrow. Invest. Donate. Hide. Hoard. Give. Take. Splurge. Keep.

There’s a complicated hodge-podge of emotions behind every financial decision we make.

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