My mom is 90 years old, in good health, has 2 savings accounts, 1 checking account, an IRA and an annuity. Her home is paid for, she paid cash for her car and her bills and health care are up to date. I know this because I help her pay her bills and make sure she gets the medical attention she needs. Her memory is not good, but not seriously bad. She lives independently and goes wherever she wants. We went out of town, she took a large amount of money from her savings and lost it. She could not remember what she did with it.
My daughter asked her if she wanted to attend a program where the ticket costs $18.00. She said that she did not have the money. She has money in both her savings and checking so we know her statement is not true. My husband and I have talked with her to let her know that she does have money. But, if there is a big ticket item that she wants to purchase, like a couch, that she does not need, she will try to figure out how to purchase it. Why does she say that she does not have enough money? My husband and I are baffled because we know better. I've shown her statements so she could see how much she has in her accounts. What do we do and why does she think she does not have enough money? When I questioned her about her transferring money from one account to another one, she said that she wanted to build her account up. I told her it was best to let it stay where it is because it draws more interest, she then said that she had something that she wanted to do. I did not ask her what it was that she wanted to do because I thought that she might get angry.
Any explanation would be helpful and appreciated