************WARNING*********************
*************There is a frustrated rant below, read at own risk************

So this is the second part of our financial regrets. The first one covered the bad financial decisions we made ourselves; this part covers the bad financial decisions made by our parents which are affecting our current financial situation.

Hopefully, if this issue affects anyone out there then I hope it is only one side of the family. In our case we have both his parent and my parent’s bad financial decisions affecting our current situation. Both of our parents have not been very good with their finances through out their lives, despite being giving plenty of opportunities to secure their financial futures. His father always made a good income with whatever he turned his hand to, and he also won a lottery once, which if he had invested the money wisely, would have set his parents up for the rest of their lives. My father always had a good paying job to, both he and my mother received some inheritance money.

Despite their good fortunes, both sets of parents have unstable financial situations now that they are verging on retirement. Now I am aware that times have changed in the last few decades, whereas their parents before them did not have to worry so much about their pensions, as most pensions were provided by employers or the governments ( depending on where you live). However, this knowledge does not make me any less annoyed with their bad financial decisions and that because of them my BH and I may need to step in and help out.

What makes me probably even angrier is when they were younger and having financial issues, who did they turn to? They turned to their parents of course. However, now that they are grown and are parents themselves instead of turning to their parents, they will turn to their children. Which leaves the question for me of who do we turn to for help?

As you may see this is a sensitive topic for me right now....I'll return to it in a later blog.