Is it ok to stop helping your parent financially if you yourself are broke?

Question

Having a tough moral choice here and I could use some thoughts from the world at large.... My dad has considerable drink and financial management problems, and has done so since I was little. Now he's 60 and still working a bit. Now I am earning (a little!) I tried to help him out by bailing him out of one severe crisis by cloning him my credit card and sending it to him. Now I realize this was a stupid action but I trusted him then. He promised not to use it again...but he's using it for phone payments, car payments, liquor. I've given him so many chances to stop and he says he will and does not. Now my own credit is suffering. I just don't earn enough to cover him too. My heart sinks at the idea of 'cutting off' my own dad by canceling the card and having him suffer. He did raise me after all. Is it ok to pull the plug on your own parent like this? All thoughts welcome.

Answer 1

yes it is...

Answer 2

Yeah, let him carry his own weight for once.

But tell him first or he'll get real pissed off.

Answer 3

Of course it's all right.  He is taking advantage of you.  It's time for him to get a grip and stand on his own two.

Answer 4

All your giving him money does is enable his addictions.  Yes its fine to cut him off.  Yes, it will make you feel like c**p and you will have to watch him hit rock bottom.  He will either get it together and learn how to be self sufficient, or he wont.  Either way, your enabling him is certainly not helping him.

Answer 5

Yes it is alright. Raising you does not give him the right to use and you and ruin your credit. You need to guard your credit and keep it the best that it can be. The worse the economy the better it needs to be. They turn down people and cancel credit cards on people that they normally would not do that to. He has broken promises to you and continues to run up bills he has no intention of paying.

Answer 6

Absulutely yes stop enabling your father, don't you think that if the roles were reversed he would have done it to you long time ago? I can't believe that your father is doing this to you. You've mad3ee it too easy for him. by what you said and how you said it I can assume that your father is divorced Now I guess you know why.