Regarding the 20K . . . I think she should spend it on what she needs to survive right now, penalties (if there are any) be damned.
But I understand the other side.
My sister is on the other side. She doesn’t have 20K (that we know of), but she is married with two kids, and the only one in her household who works (and she only works part time at that). My mother pays the bill on her gasoline card. My mother gave her money to pay her car off because it was about to be repossessed, when she really didn’t owe that much (around 2K, I think, which isn’t pennies, but it’s not like she was looking at $15,000 to pay off) on it. She routinely asks to “borrow” money from my mother that she never pays back, because she can’t pay her bills. She gets WIC and other public assistance to care for her kids. I have given her money myself (to get her car fixed), because she seems to be under such constant stress about money that it makes me feel awful for her. (I know that this is horribly enabling behavior on my mother’s and my parts, but that’s another thread.)
Because of this, she still has a bank account in the state where my mother lives (many miles away from where she herself lives), to make it easy for my mother to give her money–all Mom has to do is jet down the street to the bank and make a deposit.
Well.
One day, my mother jetted down to the bank to deposit money for my sister, and the nice teller lady, who recognized my mother, inquired as to which of my sister’s accounts should get the money.
Upon learning that my sister had another account at the bank, Mom called my sister to ask how much money was in it.
My sister said $4,000.
(Which, since she’s known to bend the truth, probably means closer to $10,000. :dubious: )
My mother told me about this, and I was mad. SkipMagic was mad.
My mother, on the other hand? She wasn’t mad at all. She was relieved. Happy, even, to know that my sister, despite being so poor, had “sense enough” to keep a stash of cash to fall back on in case one day my mom can’t help her out.
So I think a lot depends upon your views about money. Some people would rather beg, borrow, steal and/or starve before they’d take a penny out of their savings. I was actually taught that once you put money into savings, you should forget that you have it (unless, of course, circumstances are beyond dire and there is absolutely NOTHING you can do to avoid dipping into it). Somehow, the philosophy was lost on me, but obviously my sister took it to heart. Maybe this is even sven’s philosophy as well, especially if she’s so accustomed to being poor that she can’t imagine ever being able to replace that money.
I agree with most of you about the complaining and all, but I don’t mess with anyone’s ideas about money–they’re usually way too strong and deeply ingrained.