Throwing money away
My husband went into the bank today and withdrew one hundred dollars out of his debit account. An hour later he realized he did not have the money on him and thought he left it near the teller's cage. We went back to the bank with no trace of it being left behind. It's the only account he has access to with limited funds in it. Do I even need to monitor him going in and getting money from a teller? I've tried to honor some autonomy in him but realize it's no longer safe to give him any autonomy around his finances. Or do I just let this go and be more diligent. I've already used my durable power of attorney over his finances due to his impulsive behavior and poor executive functioning and have moved his access from the joint accounts we previously had. He's relinquished his credit cards to me and we've closed those accounts. Meanwhile he still doesn't see that he can no longer track money. Do I have to escalate my control or let this faux pas go?
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My hubby eventually got to where your husband is. He could not keep up with his money. Like you, I had done everything necessary to protect our accounts, but he got to where he couldn’t keep a wallet because we spent so much time looking for it. We put an air card in it to keep track of it, but it still managed to get lost. Now, I give him money when he needs it (like when he goes to lunch with his brothers) for everything else I am always with him. Sometimes he makes comments that he doesn’t have any money, but I reassure him that he does, and all he has to do is let me know what he needs and I will give it to him. That’s working for us for now.
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18 ReactionsHi, my husband does not stay alone, so he would not be able to withdrawal money on his own. I too took his bank cards away and just ask him how much cash he wants to keep on his person (it was $20 yesterday).
That way he still has some spending independence but can't commit any further financial abuse.
If you or someone else isn't with him all the time, it could easily happen again.
Good luck managing this tough situation.
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10 ReactionsMake sure the credit card he carries has a $100.00 limit, and no more cash in the wallet than you’r’e willing to lose. Put a note in his wallet telling him the credit card limit. He may not read it, or forget about it, but you can try.
Your point of transition is one of the hardest. When he reaches the point where he no longer has the energy or will to go out alone, you can manage life better.
You might want to put air tags on everything possibe- his wallet, key fob, and somewhere hidden in the car. Also download the Life 360 app to track his phone.
Have you changed passwords on computer programs for bank accounts & other financial/asset accounts?
I’ve got this financial stuff under control, but heading for a hard time about driving and when he must be told he cannot. So much of this is darned hard!
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14 Reactions@judimahoney TY.
Will try your suggestions.
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