Hi all, I am new to this subreddit! So close to a year ago, my parents got fired from the same company. The problem here is my parents are both missing education and their age are 55 and 58.
I've tried to help them get a new job but they unfortunately keep getting declined.
I have tried to support them financially by paying rent and groceries for some time now and I can see my savings dropping every month.
Since I have some couple thousands left in my savings I need to know if I can move this money into something useful before it runs out. Therefore, I am trying to reach out to some advice. I have a net income of 3141 euro's a month. 860 goes to rent, around 500 goes to groceries, my mother and I both have an average phone bill of (2x) 63 euros and the three of us pay roughly (3x) 190 for health insurance. We share one car that has a monthly insurance of 98 euro's and pay 36 euros a month on road tax. I had a loan that I am still paying off together with my school debt which both are 417 and they had a loan which they pay 223. All combined leaves me with around ~260 to 270 euros. The problem here is that we also pay association/service costs which they raised to 340 euro's..
That leaves me in a net negative with the couple of hundred euro's my parents get as subsidies.
So.. Am I *%^# or what?