Hi,
My Dad is at the point where I'm helping with his finances. Right now I just look over stuff after the fact and make sure he's not making any huge mistakes or being taken advantage of, and helping him fix things as needed. I'm fairly certain that my "help" will at some point evolve into me taking responsibility for his finances.
On his last CC statement, there were three charges he either didn't intend to make or didn't remember making. The three charges total about $750. One was a thing where he thought he was getting a single bottle of something but it looks like he also ended up with an expensive subscription. One was Amazon Prime, which is the second time he's accidentally signed up for it, probably when he ordered something at Amazon. The third was a $650 charge that he doesn't remember anything about.
On the plus side, there were a lot more that made sense and/or he remembered making.
At this point, taking away his CCs is too draconian. OTOH, leaving him to his own devices will likely leave us cleaning up / canceling / disputing several charges per month.
Is there any middle ground? What I'd love but don't think exists is a CC where we could whitelist the places where he uses the card most (the grocery store, Amazon, maybe the airlines), and then anything else would get rejected or need an additional approval or something. Are there any other ideas?
I am already POA on his investment accounts and his local checking account. I'm not an agent or anything on his credit cards, but he's agreed that adding me would be a good idea so I can deal with stuff like this without going to his place and having him approve me each time we call the CC company.
