I took over her bills about 2 years ago after bills not being paid and things gettings turned off. I got a POA and had her bills sent to my home. I am on the checking account and pay her bills thru the bank. She is going out almost everyday and shopping and buying stuff she doesn't need. I can follow her by her debit card. She spends well over her income and the savings has rapidly gone down. She couldn't even pay property taxes with out using the credit card. I gave her a budget and she just went to the bank and got more money out of saving, or charged it on a credit card. I took away her debit card and checks and credit card and gave her cash to use for a month. She went to the bank and got more checks and ordered a new debit card. I don't know what to do, she is almost broke. I need help!
There must be some way(s) to keep her from doing this. She must be a beginning stages if she is getting to the bank and getting more money to blow.
She went thru it in a week and then went to the bank and got more and went thru it in 4 days. Now she is broke and has 4-5 day till a payday. She called to ask if I knew where her checks were, I said you don't have any money so take something back that you bought last week. I send her her bank statement and weekly spending log every week. I know she will have to move here at some point but won't even talk about it now. I'm going to start looking for some one to come in and help her with things. I just don't know where to turn or who to get involved.
Thanks
Have the bank create a two signature procedure, thus if your Mom goes to the bank to get more cash, she would also need your signature to do that. Lower the limits on the debit and credit card.