I have POA of both my parents. They are overall competent about most things except spending. It's nothing frivolous like cars, but if my mom thinks she needs THREE pairs of glasses, she will go to her old eye doctor (from when she had money) and buy three pairs of her liking. My dad likes to eat out, and doesn't think about what he's spending. These behaviors are unlikely to change. Both my parents have recently gotten permanently disabled and as a consequence have unsettled debts and only live on SS, and they are used to upper middle class living. Because of their debts, they don't have anything of their life's work to show for it. I'm working to get them additional support, but they spend way more than they make every month. I have hardly any money myself (I'm 21), and I cannot spend the next 20 years paying their bills for them. I'm willing to pay myself a daily money manager or someone to give allowances, watch their bank account, and help them budget their SS income on top of their massive healthcare expenses. I hardly know how to manage my own finances, and I'm terrified of screwing them over unknowingly. This keeps me up at night, and I even had a breakdown yesterday because I'm so scared they will spend themselves onto the streets.
Does anyone know where to find someone in South Dakota? How do you manage your parents' finances? How do you control their spending?