Stop Saving, Start Spending

Blaze Duskdreamer said:
In other words, roll of the dice as far as the home is concerned because there's only so much you can do to check it out.

Blaming it on the patient is pure, flat out victim blaming. People sick and in pain so debilitated that they've lost their freedom and are now in old person jail are grouchy? You don't say. If you don't have the patience to deal with that, you should not be working in a job taking care of them.

Strange how my young friend didn't have that problem with the patients when he took the time to treat them like human beings instead of things. Strange how his problem when he worked as an orderly in one with a stellar rep that his problems were with inattentive and verbally abusive nurses. But I guess if the patients are unhappy when a nurse yells at them, that's their fault. They should just smile and be happy.
Click to expand...
Some of your posts seem biased and based on third party information. But they are your opinions. I have extensively researched elder care options in 2024 in NJ and OK.
 

Twostep said:
Some of your posts seem biased and based on third party information. But they are your opinions. I have extensively researched elder care options in 2024 in NJ and OK.
Click to expand...
So have I and in more states than that plus spoke to people who have experienced them which should have been clear from what I posted. I wonder how many patients you talked to. Not thier families, them.

But do what you wanna do, man. It's your life. I'd rather die than be at their mercy as they steal my money.
 
May work for the OP but to suggest generalizing such for other seniors is a stupid, short considered notion. But may have value for those narrowly in the OP's situation. There are vast differences between assets of seniors as well as vast numbers of different complex life situations. Some seniors have other dependents to consider, and any of us might come down with a long list of unexpected health issues. Many seniors have quite low SS benefits and not many assets.

This person of modest means without any dependents that is not wealth oriented, has NEVER ever been in debt. In my urban region, I can't even buy a home but could cash buy several new vehicles. I drive a old scratched dirty 2007 vehicle with 275k miles I have no interest in replacing because has utility as is and I am not vehicle or status oriented. When I need any ordinary items I buy them. I buy any foods I want that tends to be rather basic. I don't go out to restaurants nor take packaged vacations while having an enviable active outdoor life.

So NO, won't start spending not because I can't but rather am not one with needs to.
 

wisenior said:
A general rule of thumb says it's safe to stop saving and start spending once you are debt-free,
and your retirement income from Social Security, pension, retirement accounts, etc. can cover your expenses and inflation.
Of course, this approach only works if you don't go overboard with your spending.

Piss it away,
the ones who inherit it when you're gone sure will.

Enjoy yourself.
Click to expand...

Rather agree. Certainly can't take it with you. Worked long and hard, made lots of sacrifices to be able to not worry about money at this age.
 
MACKTEXAS said:
Sometimes it's way more than a few years. I'm thinking of one distant relative who lived almost 20 years in a nursing home. The family farm was lost. Those who have nothing get the same care paid for by the State - at least that's how it is in Texas.
Click to expand...
I am not sure, but Medicaid LTC isn't by far the "same care" in each state of the US.

If you can can afford to pay for your own care and not need to use Medicaid, you get to pick and choose where they house you. If not, you get zero choice and are often so far away from family monitoring.

Big corporations are beginning to own more and more nursing home facilities...and that means, as an example: powdered milk and eggs vs real milk and eggs; sheets cleaned only once every two months vs cleaned every week, etc.
 
CooCooforCoCoPuffs said:
I am not sure, but Medicaid LTC isn't by far the "same care" in each state of the US.

If you can can afford to pay for your own care and not need to use Medicaid, you get to pick and choose where they house you. If not, you get zero choice and are often so far away from family monitoring.

Big corporations are beginning to own more and more nursing home facilities...and that means, as an example: powdered milk and eggs vs real milk and eggs; sheets cleaned only once every two months vs cleaned every week, etc.
Click to expand...
As I said in my post you replied to: "at least that's how it is in Texas." There are 2 nursing homes here. The ones who pay get the same care as the ones on Medicaid. It is against the law for it to be otherwise.
 
JustDave said:
I've been saving and investing more money the last few years than I ever had in my life. I'm spending less, but I still buy things that I would not have bought when I was younger. I might buy something for no other reason than I want it....
Click to expand...

For my 69th birthday year I bought myself something I never in a MILLION years would have bought when I was younger.
Nor could I ever have afforded it back when I was younger, as I was putting every dime away for my "old age".

It is decadent to everyone - even me!
But is totally me: a sports car.
It was a gift to me as it is my last car.

I am a serious lover of open road driving, is why it made me so happy.
It was a slightly used, only 11,000 miles, 2019 Mercedes SL Roadster.
I waited until I saw exactly what I wanted, bought it.
I had driven a new one five years ago and just could never see myself paying what a new one costs.

I earned this nice paid off car and I will drive until I can no longer drive.

Am considering taking up sailing, next. But I don't live near water and never attempted sailing, may not enjoy open ocean sailing.
Looks fun though.
But will be taking lessons somehow when I can figure it out.
 
MACKTEXAS said:
As I said in my post you replied to: "at least that's how it is in Texas." There are 2 nursing homes here. The ones who pay get the same care as the ones on Medicaid. It is against the law for it to be otherwise.
Click to expand...
So if there is only two, what happens when they are filled up? Oh, am sure they get the same care, but not all nursing homes take Medicaid clients. The pricey private ones don't, to my knowledge.
 
CooCooforCoCoPuffs said:
So if there is only two, what happens when they are filled up? Oh, am sure they get the same care, but not all nursing homes take Medicaid clients. The pricey private ones don't, to my knowledge.
Click to expand...
Both homes accept Medicaid. They are not filled up, nor have they been since I've lived in the community for the past 12 years. I will appreciate it if you and I discontinue interacting with each other in the forum. I believe that will work out rather nicely for both of us.
 
MACKTEXAS said:
Both homes accept Medicaid. They are not filled up, nor have they been since I've lived in the community for the past 12 years. I will appreciate it if you and I discontinue interacting with each other in the forum. I believe that will work out rather nicely for both of us.
Click to expand...
Well I just posted on the other thread that I thought it very romantic for you to be buried next to your wife...as she wanted.
Sorry am making you uncomfortable, didn't intend to. Just analytical I suppose. Again, no offense.
 
David777 said:
May work for the OP but to suggest generalizing such for other seniors is a stupid, short considered notion. But may have value for those narrowly in the OP's situation. There are vast differences between assets of seniors as well as vast numbers of different complex life situations. Some seniors have other dependents to consider, and any of us might come down with a long list of unexpected health issues. Many seniors have quite low SS benefits and not many assets.

This person of modest means without any dependents that is not wealth oriented, has NEVER ever been in debt. In my urban region, I can't even buy a home but could cash buy several new vehicles. I drive a old scratched dirty 2007 vehicle with 275k miles I have no interest in replacing because has utility as is and I am not vehicle or status oriented. When I need any ordinary items I buy them. I buy any foods I want that tends to be rather basic. I don't go out to restaurants nor take packaged vacations while having an enviable active outdoor life.

So NO, won't start spending not because I can't but rather am not one with needs to.
Click to expand...
Why do you think so?
 
MrJim said:
There's just nothing I really want badly enough to go on a spending spree for.

I guess I'm just not very materialistic.

Plus, it would just mean more junk to deal with and worry about.

I wouldn't mind traveling but who would take care of my cat?

And I'd have to leave my house unattended.

Just seems like I have more reasons to not spend than reasons to spend.
Click to expand...
@MrJim we have two cats that we love dearly, but we board them at the vet's office each time we travel. It's not cheap... $35 per day per cat... but everyone in the office knows and loves them. The office sends us pics of them while we are traveling to show us they are fine. (Attached.) They have a separate room for cats with no loud noises, a big window and an aquarium for them to look at. They also provide two cages next to each other with a door in between so they can snuggle when they feel like it. They know their feeding times and how much to feed them at each interval so it's turnkey.

The most difficult part is taking them there in their carriers. The office is 5 minutes away but one always gets carsick. It breaks my heart to take them there, but afterward we know they are in good hands. That is one expense that is worth it.

IMG_6575.JPG

IMG_6576.JPG
 
You must log in or register to reply here.

Back
Top