How Do I Save for My 70-Year-Old Mom? [BA QA]

BA Fam, this week’s BA QA Mandi is joined by her girl, Yanely Espinal aka Miss Be Helpful and author of Mind Your Money — to answer a listener question that so many of us can relate to: How do you financially support aging parents when there’s little to no retirement savings in place?

Yanely shares the systems she and her eight siblings built to cover their parents’ expenses, including:

• Setting up a joint family fund to automate bill payments.
• Creating a fair way for siblings to contribute different amounts without judgment.
• Why a high-yield savings account beats investment accounts for immediate needs.
• Balancing financial support with maintaining their parents’ dignity and independence.
• How to set allowance boundaries when one parent struggles with gambling.
• Tips for protecting elderly parents from scams and keeping finances transparent among siblings.

Let’s Connect:
IG: @brownambitionpodcast | @mandimoney
Email: brownambitionpodcast@gmail.com

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