Hello all,
My parents aren't exactly frugal people (though I constantly try to convert them), and this past weekend I was finally able to talk to them about it. They seem interested in shaping up, but not necessarily willing to become badass. (It pains me too, I know.) Anyway, they have 120,000 in two mortgages and 50,000 in credit card debt that they are trying to explore options on. They can't sell the houses as they have been up for sale for 4 years with no buyers but they did get a renter recently to provide some relief. They only make 60k gross, and I was wondering if there were any options that I could share with them other than the obvious stop spending and get to paying. They don't feel like they can see a light at the end of the tunnel for them to get excited about saving and feel like they are gonna work until they die. If more info is needed I am happy to provide as much as I know. (The credit card situation is awful I think more than 10k of it is at 19-20%.
They are in their early fifties.
When I say they seem interested I mean that they haven't gotten excited about it because I don't think they can visualize actually making changes. My wife and I are thinking about getting them counseling because they both push the blame of it on each other and don't really talk about it. They each individually feel like the other person won't go along with making real changes, but talking to them separately seem willing.