Hi everyone,
I would appreciate some advice/tips/caution.
I'm a married guy, making decent money with a relatively high savings rate (40-50%). My father has had a difficult life and has not alwas made good financial decisions. He is retired, late 60's with OAS and CPP for income with a very good supportive housing residence but with very limited savings. He recently found out he has 6000$ dental work required in victoria. I'm living in Ontario so I've been trying to help over the phone but have not found many good resources to help reduce the cost. I have roughly $8k emergency fund and my wife and I have talked and agreed to offer 2000$ as a helper but not require him to pay back unless he is able, but not expecting this money back. I'm wondering if any of you bright folks have any tips, this is obviously a difficult situation for him but we are both just starting out in our careers (late 20's / early 30's) and don't have huge amount of money to cover all his expenses.