Personal Finance In Relationships
On June 30th my youngest daughter Brittany will be turning 18 yrs old and with that we will be losing the social security death benefits we had been receiving since the passing of her father in July of 1999. Even if she choose to go onto college these benefits will cease to exist. Years ago it was different however the never ending crisis surrounding the possibility that one day social security would one day be defunct changes were made. This benefit was one of those that was affected. Children who receive death benefits at the passing of a mother or father only receive them until they turn 18 years old. With this in mind I have been forced to review my budget and determine if changes were necessary when that time comes.
Unfortunately I realized that I wouldn't be able to afford my mortgage relying on just my income. Therefore decisions had to be made. My daughter and I talked this over and she suggested that I offer my place to my daughter Jessica and her husband so they can move closer to the family. She planned on staying here and living with them and their children. This place has become a sense of security for her since it's been the only safe haven she's known since her dad's passing away.
So, we all sat down and talked things over. As hard as this decision was for me, I felt Brittany's sense of security and her sister living closer to us was more important. With that in mind the decision was made and the 1st week in July they are moving in in and I am moving out. The condex will remain in my name and they are taking over all payments, mortgage, property taxes, water, sewer and insurance. I am going to move into an apartment by myself. For the first time in 53 years I will be living by myself. As scary as that sounds, it's time.
I have been checking out apartment buildings, duplexes, single family homes, two family homes, basically trying to get an idea of what I am up against. I've reviewed my new budget to see what I can afford once rent is paid, based off paying $1200.00 a month and figuring what utilities may be. Besides the rent, utilities and food I will be assisting Brittany in paying for hairdressing school. I hope that their will be some financial assistance and possible grants but either way, I will do whatever I can to help her succeed in her endevour. I may not be able to go out to dinner, the movies or do much of anything but that's okay. Having a roof over my head, clothes on my back and food on my table, being able to contribute to my daughter's success and giving Jessica and her family the ability to live closer is all I need to consider myself a a success.