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(Click Orlando)   New poll shows 49% of parents take money from their children's savings accounts, 34% dipped into their kids' piggy banks. Nearly 100% of those kids already selected their parents' nursing homes   (clickorlando.com) divider line 192
    More: Sad, piggy banks, savings accounts, home  
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2118 clicks; posted to Main » on 08 May 2013 at 9:45 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



192 Comments   (+0 »)
   
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2013-05-08 09:19:52 PM  
I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.
 
2013-05-08 09:27:33 PM  
This is the issue upon which I am believing two sides of this should have the consideration as yes it might seem at the glance which would be the primary of these would be the thing to make judgment on the parents of these but then there is also the other side of this which does not have the problems and we cannot make conclusions of this until the two sides have obtained consideration.

The first side of this says listen it is not the good thing for the individual who is the parent to do the thefting from the child of they.  Listen unless you are the rich executive such as that upon which does the bank working then society does not have the improvement of the stealing by you.  And there is something that tells to me that the Koch brothers might be the individuals who would make the for the excellent pornography naming would not do the theft from the children of them although they might do this from the coffers of the children of the employees LAUGHTER OL.  No this is just the jesting I am doing so let me say however that many people would say OH BUT MEOW IS THIS THE WRONG THING FOR STEALING?  Well yes because it is one of the Amendments to the Old Testament which had the signing by Moses and Larry King.  LAUGHTER OL if you do not get this it is the jokings because Larry King is the older individual.

Now the other side of this says that is the money ever that upon which belongs to the child?  Listen to the things which cannot legally be done by the child such as getting the marriage and having the duty of the military and listening to the music which does not cause the annoyance to others and signing the contract.  OH THAT IS THE IMPORTANT CONSIDERATION OF THIS you might say and I will say to you that you are the correct individual.  The child is not of the legal age for doing the ownership of the bacon bank but also let me say to you that the parents are teaching the children the important lesson if they do the thefting from they and that lesson is do not be the person with the stupid parents without the retirement savings or you might be doing the care taking of they until they are the old people.

Now when I consider the two sides of this I have the conclusion that really what does this matter as kids are stupid and do not do the appropriate counting.  Just say to the child OH I AM SORRY BUT THE TOOTH FAIRY NEEDED THE MONEY FROM YOU TO GIVE TO THE OTHER CHILD BUT YOU WILL HAVE THE RETURN WHEN YOU LOSE THE TEETH OF YOU IN THE OLD AGE.  Give this a few days and the child will forget this because children have the short memories which probably is good for many of you as you probably remember the days when the thyroid disorder of you led to the bigger child and the pickings.

So yes if you wish for stealing the money from the child of you then first you need to be the Fark.com poster who has the sex which is the unlikely thing but it is still the appropriate under this the situation.
 
2013-05-08 09:39:04 PM  
Some might think it's ok to take money from your child's savings account because it doesn't "belong" to them, but by that logic, I can walk up to any kid on the street and steal their toys or candy or guns because, hey, f*ck off kid, you aren't legally entitled to own anything.

I agree that, under certain circumstances, desperate times call for desperate meaasures. I'm not suggesting a family should go hungry when there's money sitting in a child's savings account. I just don't think that's what typically happens. Too many parents over-spend, get into credit card debt, and then use the child's savings as a bailout.

I find that really unacceptable, and shameful.
 
2013-05-08 09:48:01 PM  
Hey motherfarker. That new iPhone 12 isn't gonna pay for itself.

/ I can live without a spleen, but not my iPhone 14
 
Slu
2013-05-08 09:50:11 PM  
I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.
 
2013-05-08 09:50:52 PM  

Nick Nostril: Hey motherfarker. That new iPhone 12 isn't gonna pay for itself.

/ I can live without a spleen, but not my iPhone 14


lulz poor guy.

posted from iPhone 15G
 
2013-05-08 09:50:59 PM  

Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.


You're cool, and a good parent. I can tell.
 
2013-05-08 09:51:46 PM  

Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.


Let me ask of you the following and that is do you make the claim for this individual on the taxes of you?  Because I would say that this is the money of the daughter of you so each of the years you should also put this into the bacon bank of she.
 
2013-05-08 09:51:55 PM  
Meh, I'm diabetic with high blood pressure and turning 40 this year. I won't live to see a nursing home.
 
2013-05-08 09:52:01 PM  
Unless the kid is pulling a 9-5, the money came from the parents in better times anyway.
 
2013-05-08 09:52:09 PM  

meow said the dog: This is the issue upon which I am believing two sides of this should have the consideration as yes it might seem at the glance which would be the primary of these would be the thing to make judgment on the parents of these but then there is also the other side of this which does not have the problems and we cannot make conclusions of this until the two sides have obtained consideration.

The first side of this says listen it is not the good thing for the individual who is the parent to do the thefting from the child of they.  Listen unless you are the rich executive such as that upon which does the bank working then society does not have the improvement of the stealing by you.  And there is something that tells to me that the Koch brothers might be the individuals who would make the for the excellent pornography naming would not do the theft from the children of them although they might do this from the coffers of the children of the employees LAUGHTER OL.  No this is just the jesting I am doing so let me say however that many people would say OH BUT MEOW IS THIS THE WRONG THING FOR STEALING?  Well yes because it is one of the Amendments to the Old Testament which had the signing by Moses and Larry King.  LAUGHTER OL if you do not get this it is the jokings because Larry King is the older individual.

Now the other side of this says that is the money ever that upon which belongs to the child?  Listen to the things which cannot legally be done by the child such as getting the marriage and having the duty of the military and listening to the music which does not cause the annoyance to others and signing the contract.  OH THAT IS THE IMPORTANT CONSIDERATION OF THIS you might say and I will say to you that you are the correct individual.  The child is not of the legal age for doing the ownership of the bacon bank but also let me say to you that the parents are teaching the children the important lesson if they do the thefting from they and that lesson is do not be the person with the stupid parents without the retirement savings or you might be doing the care taking of they until they are the old people.

Now when I consider the two sides of this I have the conclusion that really what does this matter as kids are stupid and do not do the appropriate counting.  Just say to the child OH I AM SORRY BUT THE TOOTH FAIRY NEEDED THE MONEY FROM YOU TO GIVE TO THE OTHER CHILD BUT YOU WILL HAVE THE RETURN WHEN YOU LOSE THE TEETH OF YOU IN THE OLD AGE.  Give this a few days and the child will forget this because children have the short memories which probably is good for many of you as you probably remember the days when the thyroid disorder of you led to the bigger child and the pickings.

So yes if you wish for stealing the money from the child of you then first you need to be the Fark.com poster who has the sex which is the unlikely thing but it is still the appropriate under this the situation.


I came here to say exactly this
 
2013-05-08 09:52:35 PM  

Nick Nostril: Hey motherfarker. That new iPhone 12 isn't gonna pay for itself.

/ I can live without a spleen, but not my iPhone 14


Nick,
are you playing the part of the child of the parent in that scenario?
 
2013-05-08 09:53:44 PM  

ROGUECOP: Nick Nostril: Hey motherfarker. That new iPhone 12 isn't gonna pay for itself.

/ I can live without a spleen, but not my iPhone 14

Nick,
are you playing the part of the child of the parent in that scenario?


Or the parent?
 
2013-05-08 09:54:28 PM  

Eirik: Meh, I'm diabetic with high blood pressure and turning 40 this year. I won't live to see a nursing home.


You're giving up that easily?
 
2013-05-08 09:55:37 PM  

NickelP: I came here to say exactly this


Are you auto-erotically asphyxiating while simultaneously having a seizure and posting, too?
 
2013-05-08 09:56:19 PM  
Two kids, each has a savings account.  Every penny they get for birthdays, etc., goes into those accounts.  They get to keep it until we're about to lose the house.
 
2013-05-08 09:56:27 PM  
I have no idea why my parents took my $100 and put it in a savings account. Basically all it taught me is that savings accounts are completely useless to the account holder.
 
2013-05-08 09:56:29 PM  

rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.


You sound like one of those moms that is ok with their 12 year old selling drugs because hey the family needs the money right?
 
2013-05-08 09:58:01 PM  
Dad used to do that.  The savings account was fairly safe, but the "jar full of money" tended to be a "jar full of IOU's".   Of course, since most of the jar was either allowances or birthday gifts from Dad, I really didn't mind.

Usually went:

Here's $100 for Christmas.
Oh crap, I need money for food
Slips IOU in.

/Heck, Dad's current car was mostly my money.  I wasn't using the money during college, so Dad bought a car half-financed and half my money, and gave it back in a big dump after tax season right when I needed a couple grand to move to Seattle for the summer.  Very nice enforced saving.
 
2013-05-08 09:58:27 PM  
Homer: If you don't start making more sense, we're gonna hafta put you in a home.Grampa: You already put me in a home.Homer: Then, we'll put you in the crooked home we saw on "60 Minutes".Grampa: I'll be good.
 
2013-05-08 09:59:00 PM  

What Knot: NickelP: I came here to say exactly this

Are you auto-erotically asphyxiating while simultaneously having a seizure and posting, too?


Posting this with no hands
 
2013-05-08 09:59:19 PM  
img.rp.vhd.me
 
2013-05-08 09:59:38 PM  
Father ran through $500K of a 1 million dollar trust, not getting a kick. . .
 
2013-05-08 09:59:39 PM  
cdn.straightfromthea.com
 
2013-05-08 10:00:49 PM  

Peki: Father ran through $500K of a 1 million dollar trust, not getting a kick. . .


Oh no you only have the $500k how will you ever do the living?  Maybe you should try to do the earning of the own money of you.
 
2013-05-08 10:01:12 PM  
I'd take a small money from the kid's savings for things like tuition to a good school, clothes / uniforms, and gifts the kid wants purchase for family members. It is a way for the child to contribute to their own costs and helps them feel involved in family financial decisions. It can also be turned into a lesson on budgeting.
 
2013-05-08 10:01:54 PM  

meow said the dog: This is the issue upon which I am believing two sides of this should have the consideration as yes it might seem at the glance which would be the primary of these would be the thing to make judgment on the parents of these but then there is also the other side of this which does not have the problems and we cannot make conclusions of this until the two sides have obtained consideration.


Dude, I would have read the rest of your post, but for gossake's, if the rest of it has as little punctuation, I won't understand a word of it anyway.
 
2013-05-08 10:02:14 PM  
I didn't know this was a thing for other people....

But it's one of about five thousand reasons why I don't care that my parents are dead.
 
Slu
2013-05-08 10:03:23 PM  

meow said the dog: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

Let me ask of you the following and that is do you make the claim for this individual on the taxes of you?  Because I would say that this is the money of the daughter of you so each of the years you should also put this into the bacon bank of she.


Mmmm. Bacon bank.
 
2013-05-08 10:03:34 PM  
"If you ever have to steal money from your kid, and later on he discovers it's gone, I think a good thing to do is to blame it on Santa Claus" - Jack Handey
 
2013-05-08 10:03:59 PM  
Now I don't feel so bad that I used to steal money from them to buy drugs.
 
Slu
2013-05-08 10:04:17 PM  

What Knot: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

You're cool, and a good parent. I can tell.


Thanks. Exactly what I was going for!
 
2013-05-08 10:04:22 PM  

ROGUECOP: Nick Nostril: Hey motherfarker. That new iPhone 12 isn't gonna pay for itself.

/ I can live without a spleen, but not my iPhone 14

Nick,
are you playing the part of the child of the parent in that scenario?


I am childish, so I guess the child.
 
2013-05-08 10:05:41 PM  
When I went to the bank to cash my kids' savings bonds so that I could invest their money in something more aggressive, the bank teller and manager assumed I was taking their money. The looks of disgust were noticeable.
 
2013-05-08 10:06:07 PM  

Eirik: Meh, I'm diabetic with high blood pressure and turning 40 this year. I won't live to see a nursing home.


So you'll miss the drooling years where everything falls off of ya. Not so bad, really.

/ knocks wood
 
2013-05-08 10:06:17 PM  

Slu: What Knot: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

You're cool, and a good parent. I can tell.

Thanks. Exactly what I was going for!


So how do you suggest teaching to the child of you about the taxation system if you do not take the parent tax from these individuals?
 
2013-05-08 10:06:21 PM  

Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.


Here come the high horse riders.


NickelP: You sound like one of those moms that is ok with their 12 year old selling drugs because hey the family needs the money right?


You sound really ignorant and that you jump to illogical conclusions. Good luck with that.
 
2013-05-08 10:06:37 PM  

rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.


Hey, rappy: Stealing your gift back is still stealing. From  your own kids, no less.

/I have no doubt my bio dad would have done this if my mom wouldn't have castrated him.
 
2013-05-08 10:07:00 PM  
FTFA: The survey also found 34 percent of parents have dipped into a child's piggy bank.

Here's the simplest way I can put it: One of the main reasons that you give a kid a piggy bank (or, when they get old enough, one of those teenager savings accounts,) is to teach them to be responsible with money, delay gratification, prioritize what they spend it on, etc. If that money can disappear at any time without warning, the kid is going to learn exactly the opposite lesson that you're trying to teach them: Spend all your money as soon as possible, because if you try to save it, mom and dad will just re-appropriate it anyway.

/ I mean, if you're really cynical about life and want to teach your kids not to trust the banking/finance industry, that'll probably work well, but...
 
2013-05-08 10:07:20 PM  

meow said the dog: Slu: What Knot: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

You're cool, and a good parent. I can tell.

Thanks. Exactly what I was going for!

So how do you suggest teaching to the child of you about the taxation system if you do not take the parent tax from these individuals?


The Shelley Long version of The Parent Tax was the best version, in my opinion.
 
2013-05-08 10:07:45 PM  

Bashar and Asma's Infinite Playlist: Now I don't feel so bad that I used to steal money from them to buy drugs.


Same here. We're just trying to balance the equation. HIGH FIVE!
 
2013-05-08 10:08:10 PM  

Repo Man: "If you ever have to steal money from your kid, and later on he discovers it's gone, I think a good thing to do is to blame it on Santa Claus" - Jack Handey


lol
 
2013-05-08 10:08:14 PM  

meow said the dog: Peki: Father ran through $500K of a 1 million dollar trust, not getting a kick. . .

Oh no you only have the $500k how will you ever do the living?  Maybe you should try to do the earning of the own money of you.


And you assume there's still 500K left??? Funny. You apparently don't know how net worth works, as it's rarely in liquid cash form.

/some of it got lost when property values fell (600K home dropped to 300K, look there's most of that supposed 500K that's left), rest of what was left was spent making payments on fees and the home equity loan that said father took out on said home so it wouldn't get foreclosed when SURPRISE! he lost his job and couldn't afford payments on a dumbass ARM
 
2013-05-08 10:09:06 PM  
You'll be paying for your parents' retirements either way *coughsocialsecuritycough*.

Better get used to it.
 
2013-05-08 10:10:25 PM  

PsiChick: rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.

Hey, rappy: Stealing your gift back is still stealing. From  your own kids, no less.

/I have no doubt my bio dad would have done this if my mom wouldn't have castrated him.


Sounds like you have as interesting a story as I do. . .

/I hadn't considered castrating the man. . .
 
2013-05-08 10:10:54 PM  

PsiChick: Hey, rappy: Stealing your gift back is still stealing. From your own kids, no less.


Can you see into my future and tell me how many kids I will have? I would like to know how much money I'll make on them.
 
2013-05-08 10:11:00 PM  
My dad stole my piggy bank money once to pay the paper boy.  I was annoyed by the theft but more upset because the piggy bank was a nice, hand-painted ceramic pig that his girlfriend had given me that was worth far more than the two or three dollars that was inside.  It had no opening through which the coins could be removed.  I only put pennies and nickels in there because I had no intention of ever breaking it to get the coins back.

Thanks for bringing up hurtful memories, Fark!
 
Slu
2013-05-08 10:11:35 PM  

rappy: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

Here come the high horse riders.


NickelP: You sound like one of those moms that is ok with their 12 year old selling drugs because hey the family needs the money right?

You sound really ignorant and that you jump to illogical conclusions. Good luck with that.


It is not a very high horse to not take money from the kid's savings account.
 
2013-05-08 10:12:05 PM  

PsiChick: rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.

Hey, rappy: Stealing your gift back is still stealing. From  your own kids, no less.

/I have no doubt my bio dad would have done this if my mom wouldn't have castrated him.


Thats like saying you have slaves because you make your kids do the dishes or vacuum without paying them.  They are part of the family and should chip in, yes even financially.  Hell since my 12 year old got a job its not uncommon at all for us just to tell him to walk to the store and get something we need.  Not like its just us, I've seen my neighbor do the same.  I bet that kids spent like $800 in the last year for stuff for our bbq's.
 
2013-05-08 10:12:33 PM  
Hey, kid, as soon as you can balance a ledger and can show me how much in arrears ... you are, considering the Disney trip you just had to have and 200 dvds you never watch, I'll pay you back.  If you don't even realize that my...er...I mean your account has been altered, then pray I do not alter it further.
 
2013-05-08 10:12:36 PM  

Peki: And you assume there's still 500K left??? Funny. You apparently don't know how net worth works, as it's rarely in liquid cash form.


So you had the investment in Pets.com.  Congratulations for this.

What Knot: NickelP: She's kind of a big deal around here, you should be more respectful if you knew what was good for you, ya turkey

[i137.photobucket.com image 160x160]


What I believe is being said by you is that you do not see this from the two sides and instead from only one side of this and that side of this is the incorrect side.
 
2013-05-08 10:12:37 PM  

Martian_Astronomer: FTFA: The survey also found 34 percent of parents have dipped into a child's piggy bank.

Here's the simplest way I can put it: One of the main reasons that you give a kid a piggy bank (or, when they get old enough, one of those teenager savings accounts,) is to teach them to be responsible with money, delay gratification, prioritize what they spend it on, etc. If that money can disappear at any time without warning, the kid is going to learn exactly the opposite lesson that you're trying to teach them: Spend all your money as soon as possible, because if you try to save it, mom and dad will just re-appropriate it anyway.

/ I mean, if you're really cynical about life and want to teach your kids not to trust the banking/finance industry, that'll probably work well, but...




Just like what happened in Cyprus. Broke government saw plenty of juicy savings accounts so it decided that it knew how to spend the money better than the owners of the accounts. Much like these parents are doing with their kids. Instead of controlling their spending and living on a budget, they take the easy way out and raid their kids accounts.
 
2013-05-08 10:13:10 PM  

meow said the dog: So yes if you wish for stealing the money from the child of you then first you need to be the Fark.com poster who has the sex which is the unlikely thing but it is still the appropriate under this the situation.


That's right, if desired in order to steal money from your child, it is that hard to believe at first but there is a need to Fark.com poster to have sex, under such circumstances, it is still relevant.
 
2013-05-08 10:13:14 PM  
Yes but I'm spending it on birth control, so they're getting a decent ROI.
 
2013-05-08 10:13:16 PM  

PsiChick: /I have no doubt my bio dad would have done this if my mom wouldn't have castrated him.


You had a shmuck of a dad, too, eh? I can relate. But did your mom really castrate him?

Man, I wish my mom had been that cool.
 
2013-05-08 10:13:38 PM  

NickelP: I came here to say exactly this


You, sir, win one Internets.
 
2013-05-08 10:14:26 PM  

jtown: Thanks for bringing up hurtful memories, Fark!


You have learned the important lesson of the girlfriend who can giveth and who can do the takething awaysies.
 
2013-05-08 10:15:46 PM  

meow said the dog: What I believe is being said by you is that you do not see this from the two sides and instead from only one side of this and that side of this is the incorrect side.


And what I believe is being said by you is sgnslgnoaciwaenwsng svn,z;v dskdc/ Or something marginally less literate.
 
2013-05-08 10:19:57 PM  
Seriously - my kids can buy a safe if they want to keep their money from me.

Someone has to teach them not to keep so much cash sitting out in plain sight.
 
2013-05-08 10:20:23 PM  

LoneVVolf: Unless the kid is pulling a 9-5, the money came from the parents in better times anyway.


Actually it was my paper route and grass mowing money.  But the mortgage wasn't going to get paid without that money.
 
2013-05-08 10:20:30 PM  
Yup... My mom took all the money out of my savings account. And it wasn't money she had given me.

But it was because we were flat broke after my dad left and she needed to feed us and keep the lights on. That's life, and I certainly don't blame her for the situation.
 
2013-05-08 10:20:56 PM  

What Knot: Some might think it's ok to take money from your child's savings account because it doesn't "belong" to them, but by that logic, I can walk up to any kid on the street and steal their toys or candy or guns because, hey, f*ck off kid, you aren't legally entitled to own anything.

I agree that, under certain circumstances, desperate times call for desperate meaasures. I'm not suggesting a family should go hungry when there's money sitting in a child's savings account. I just don't think that's what typically happens. Too many parents over-spend, get into credit card debt, and then use the child's savings as a bailout.

I find that really unacceptable, and shameful.


Or the parent's could be like my dad and just be alcoholics or have some other fund draining habit that causes them to steal from their children.
 
2013-05-08 10:21:23 PM  

mesmer242: Yup... My mom took all the money out of my savings account. And it wasn't money she had given me.

But it was because we were flat broke after my dad left and she needed to feed us and keep the lights on. That's life, and I certainly don't blame her for the situation.


These people will have you believe your mom was a terrible F*cking person.

How DARE she do whatever it takes to make sure you were fed and clothed and housed.
 
2013-05-08 10:22:01 PM  
My mom spent the "college fund" my aunt gave me on a pair of skis that were used once or twice, and a very expensive bicycle that was almost immediately stolen.  She said money wasn't important, so I don't know if having that savings would've really helped me with college (never got there, and so I do non-management retail), but I don't think that sort of thing was a priority for her.  She was always very concerned that we shouldn't look like 'hobos' to the members of our church.

/so very hungry
//at least I have internet
 
2013-05-08 10:22:46 PM  

SN1987a goes boom: Or the parent's could be like my dad and just be alcoholics or have some other fund draining habit that causes them to steal from their children.


I am sorry but I do not see the problem that has done the occurrencing with this because it is the money of the person and they can have the habit upon which is desired by they.  I am thinking you probably also would do the things which are viewed as the wastes of the money so why would you be the individual to place upon others judgment for what they do with the money of they?  Did you have the roof over the head of you?  That was the rental fee and perhaps also the HOA association of the owners of homes fees also.
 
2013-05-08 10:23:38 PM  

rappy: mesmer242: Yup... My mom took all the money out of my savings account. And it wasn't money she had given me.

But it was because we were flat broke after my dad left and she needed to feed us and keep the lights on. That's life, and I certainly don't blame her for the situation.

These people will have you believe your mom was a terrible F*cking person.

How DARE she do whatever it takes to make sure you were fed and clothed and housed.


She should be in cell number 24602.
 
2013-05-08 10:24:20 PM  

Punk Floyd: My mom spent the "college fund"


You should hug the mother of you has this causes you the incentive to make the scholarship gradings.
 
2013-05-08 10:24:29 PM  
My parents raided my banking account quite a few times while I was growing up. They sometimes said they would pay it back but they never did. It's not like a kid really needs money for anything so it isn't that big a deal. I just learned that my parents are bad with money and to ignore any financial wisdom they gave out (one piece was: interest rates are so low on student loans it's like free money so we used ours to buy a car!).

/thankful my dad snagged one of the last jobs in the world with a pension
//they would never make it if they actually had to save money
 
2013-05-08 10:25:09 PM  

SirVagTheTighty: PsiChick: rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.

Hey, rappy: Stealing your gift back is still stealing. From  your own kids, no less.

/I have no doubt my bio dad would have done this if my mom wouldn't have castrated him.

Thats like saying you have slaves because you make your kids do the dishes or vacuum without paying them.  They are part of the family and should chip in, yes even financially.  Hell since my 12 year old got a job its not uncommon at all for us just to tell him to walk to the store and get something we need.  Not like its just us, I've seen my neighbor do the same.  I bet that kids spent like $800 in the last year for stuff for our bbq's.


If they have a job, that does change the line, but the line is still there--you wouldn't take money from his college account, right? And when his job ends, you're not going to ask him to pick up more groceries, right? Yeah, still a line--and if a kid doesn't have a job, that's theft.

What Knot: PsiChick: /I have no doubt my bio dad would have done this if my mom wouldn't have castrated him.

You had a shmuck of a dad, too, eh? I can relate. But did your mom really castrate him?

Man, I wish my mom had been that cool.


No, he knew better than to try. He's a chronic pain patient, which is supposedly why he's a shmuck, so my mom's pretty patient with him, but if he  had tried...yeah, she'dve handed him his ass.

Peki: No, no story, just know the guy, and know my mom. He's too lazy to do much now, tbh. Guy can't even cook dinner half the time. Annoying as fark, but at least he's not too douchey anymore.
 
2013-05-08 10:25:22 PM  
This isn't your personal therapy session, people.
 
2013-05-08 10:26:57 PM  

PsiChick: that's theft.


Can you reference a court case proving this?
 
2013-05-08 10:27:04 PM  
Who takes money out of the child's piggy bank or savings for vacation?  What kind of vacation can you do on that?  It was like number 3 on the list.
 
2013-05-08 10:27:09 PM  

Stoj: Seriously - my kids can buy a safe if they want to keep their money from me.

Someone has to teach them not to keep so much cash sitting out in plain sight.


Sure, blame the victims. You're probably a rape apologist, too.
 
2013-05-08 10:27:09 PM  

rappy: This isn't your personal therapy session, people.


Fisting bump.  It is as though many people are crying for the issue of losing the money which was not the money of they in the first place.
 
2013-05-08 10:27:51 PM  

PsiChick: Peki: No, no story, just know the guy, and know my mom. He's too lazy to do much now, tbh. Guy can't even cook dinner half the time. Annoying as fark, but at least he's not too douchey anymore.


Oh oh. I get it. I think What Knot and I both read you wrong.

/wish my mom would have castrated mine. Still getting the "Oh, but you just don't understand him" line, and she's his ex-wife.
 
2013-05-08 10:29:26 PM  

rappy: mesmer242: Yup... My mom took all the money out of my savings account. And it wasn't money she had given me.

But it was because we were flat broke after my dad left and she needed to feed us and keep the lights on. That's life, and I certainly don't blame her for the situation.

These people will have you believe your mom was a terrible F*cking person.

How DARE she do whatever it takes to make sure you were fed and clothed and housed.


Hey man, I'm not nuts enough to think that farkers have any respect for anybody's parenting abilities. I'm just pointing out that my mom will be well taken care when she reaches her twilight years because I think she's been a great mom (and grandma, for that matter). She's offered to pay the money back anyway, but I'd have to be one hell of a miser to actually take it from her.
 
2013-05-08 10:29:52 PM  
Meh. I personally know parents who open credit cards and cell phone accounts in their childrens' names because their own credit is so bad. Good luck explaining to your 18 year old why he doesn't qualify for anything when he goes to get his/her first credit card, car, loan, house, etc.

Way to Fark it up parents of the year!
 
2013-05-08 10:31:40 PM  

meow said the dog: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

Let me ask of you the following and that is do you make the claim for this individual on the taxes of you?  Because I would say that this is the money of the daughter of you so each of the years you should also put this into the bacon bank of she.


If I knew that there was a bacon bank in the house then I would eat it.
 
2013-05-08 10:31:45 PM  

meow said the dog: rappy: This isn't your personal therapy session, people.

Fisting bump.  It is as though many people are crying for the issue of losing the money which was not the money of they in the first place.


I don't know what a fisting bump is, but I hope you get three of them tonight.
 
2013-05-08 10:32:55 PM  
So far I have not had to take any money from my kids savings accounts but if I ever do I will not have a bit of remorse about it.  I opened the accounts and gave them all the money that is in them.  If I decide that their long term interests are better served by something like taking money out for a family members medical emergency or for some housing emergency or other crisis I will do so without any guilt.
 
2013-05-08 10:33:01 PM  

pianomom: Meh. I personally know parents who open credit cards and cell phone accounts in their childrens' names because their own credit is so bad. Good luck explaining to your 18 year old why he doesn't qualify for anything when he goes to get his/her first credit card, car, loan, house, etc.

Way to Fark it up parents of the year!


Why would this be the problem?  Do you think that the children of these do not reap the benefits upon which are needled and sewed by the credit card information and also they can just do the discharging of this through the identity theft claiming.  This is the easy fix and actually quite the good strategy because maybe perhaps the credit card companies should do the further background checkings.  So why would you do the blaming of the parents who are the innocent partiers here.
 
2013-05-08 10:33:16 PM  

mesmer242: Hey man, I'm not nuts enough to think that farkers have any respect for anybody's parenting abilities. I'm just pointing out that my mom will be well taken care when she reaches her twilight years because I think she's been a great mom (and grandma, for that matter).


That depends, man.  Team Edward or Team Jacob?
 
2013-05-08 10:33:50 PM  
Russian Proverb.

A man decides he's tired of supporting Grandpa.  So he rounds up Grandpa and tells him that he's going to take him to the poor house.  And his son, he tells to go out to the barn and get a horse blanket to keep the old man on the way.  Son goes off and a long time follows before the son reappears with half a horses blanket.  When asked why half a blanket the son says, I saved the other half for you.

odinsposse: /thankful my dad snagged one of the last jobs in the world with a pension
//they would never make it if they actually had to save money


My take is that unless there is a mechanism to force people to save money, the world conspires to rid most of them of any excess cash.  Remembering you're competing with everyone else for rent and food.  Including the ones living on credit and saving nothing.  Those people make it hard for others to be wise with money.
 
2013-05-08 10:34:00 PM  

SpdrJay: I didn't know this was a thing for other people....

But it's one of about five thousand reasons why I don't care that my parents are dead.


My mother forged my signature to remove money from an account set up with proceeds from my daddy's life insurance. Dementia and coercion were involved, but it sucks the same. Especially since the person the money was given to left a $4 million estate .  . to his niece, a person not related to my mother or to me. Dementia can eat medical waste foreskins.
 
2013-05-08 10:34:07 PM  

meow said the dog: Slu: I have a daughter. I would never consider taking any of her money, unless it were a very, very desperate situation.

Let me ask of you the following and that is do you make the claim for this individual on the taxes of you?  Because I would say that this is the money of the daughter of you so each of the years you should also put this into the bacon bank of she.


Are you an accountant or stein?
 
2013-05-08 10:34:24 PM  

trappedspirit: mesmer242: Hey man, I'm not nuts enough to think that farkers have any respect for anybody's parenting abilities. I'm just pointing out that my mom will be well taken care when she reaches her twilight years because I think she's been a great mom (and grandma, for that matter).

That depends, man.  Team Edward or Team Jacob?


DAMN YOU STEPHANIE MEYER YOU RUIN EVERYTHING
 
2013-05-08 10:34:48 PM  

pianomom: Meh. I personally know parents who open credit cards and cell phone accounts in their childrens' names because their own credit is so bad. Good luck explaining to your 18 year old why he doesn't qualify for anything when he goes to get his/her first credit card, car, loan, house, etc.

Way to Fark it up parents of the year!


See this? This is exactly what I'm talking about. If you NEED to take money from your kids to feed the family, that's one thing. But just taking their money and ruining their credit is dispicable.
 
2013-05-08 10:34:48 PM  

Ima4nic8or: So far I have not had to take any money from my kids savings accounts but if I ever do I will not have a bit of remorse about it.  I opened the accounts and gave them all the money that is in them.  If I decide that their long term interests are better served by something like taking money out for a family members medical emergency or for some housing emergency or other crisis I will do so without any guilt.


You'd make a great congressman.
 
2013-05-08 10:35:10 PM  
Same shiat as when you file for disability/ssi for your kids because they have add or whatever.  You do what you have to......
 
2013-05-08 10:35:25 PM  

What Knot: meow said the dog: rappy: This isn't your personal therapy session, people.

Fisting bump.  It is as though many people are crying for the issue of losing the money which was not the money of they in the first place.

I don't know what a fisting bump is, but I hope you get three of them tonight.


AKA fist pound. When two people bump fists together. Usually meant as "We're cool, bro."
 
2013-05-08 10:38:46 PM  
I don't get it. Are these parents stealing from accounts that receive gifts from grandma and grandpa?

Kinda chintzy if you ask me.
 
2013-05-08 10:40:08 PM  

rappy: PsiChick: that's theft.

Can you reference a court case proving this?


How about the technical definition of the word? When you take something that doesn't belong to you, that's theft. That money does not belong to you. Yeah, it's legal theft. Doesn't mean it's not theft. And it sets a bad example for your kids down the road.

Peki: PsiChick: Peki: No, no story, just know the guy, and know my mom. He's too lazy to do much now, tbh. Guy can't even cook dinner half the time. Annoying as fark, but at least he's not too douchey anymore.

Oh oh. I get it. I think What Knot and I both read you wrong.

/wish my mom would have castrated mine. Still getting the "Oh, but you just don't understand him" line, and she's his ex-wife.


Yeah, he  used to be that douchey, but nowadays...well, I still live in the same house as the guy and have yet to kill him, so. My mom's pretty win, though. :)
 
2013-05-08 10:40:10 PM  

What Knot: See this? This is exactly what I'm talking about. If you NEED to take money from your kids to feed the family, that's one thing. But just taking their money and ruining their credit is dispicable.


I am sorry but you do not seem as though you would be the fun person.  Let the parents do the little bit of living as they are those upon which did the out popping of the child.
 
2013-05-08 10:40:19 PM  

meow said the dog: This is the issue upon which I am believing two sides of this should have the consideration as yes it might seem at the glance which would be the primary of these would be the thing to make judgment on the parents of these but then there is also the other side of this which does not have the problems and we cannot make conclusions of this until the two sides have obtained consideration.

The first side of this says listen it is not the good thing for the individual who is the parent to do the thefting from the child of they.  Listen unless you are the rich executive such as that upon which does the bank working then society does not have the improvement of the stealing by you.  And there is something that tells to me that the Koch brothers might be the individuals who would make the for the excellent pornography naming would not do the theft from the children of them although they might do this from the coffers of the children of the employees LAUGHTER OL.  No this is just the jesting I am doing so let me say however that many people would say OH BUT MEOW IS THIS THE WRONG THING FOR STEALING?  Well yes because it is one of the Amendments to the Old Testament which had the signing by Moses and Larry King.  LAUGHTER OL if you do not get this it is the jokings because Larry King is the older individual.

Now the other side of this says that is the money ever that upon which belongs to the child?  Listen to the things which cannot legally be done by the child such as getting the marriage and having the duty of the military and listening to the music which does not cause the annoyance to others and signing the contract.  OH THAT IS THE IMPORTANT CONSIDERATION OF THIS you might say and I will say to you that you are the correct individual.  The child is not of the legal age for doing the ownership of the bacon bank but also let me say to you that the parents are teaching the children the important lesson if they do the thefting from they and that lesson is do not be the p ...



In case you didn't get it, here's a translation.

Both sides of this, yes, it is on the other side of it, more importantly, if you are going is his right to make a decision on the parents, I could make more visible, there is nothing wrong is a question that you believe should be considered, and we have able to get from here to the conclusion that all adhere to.
Hear first hand is not a good thing for someone who is father to son Thefting them. You hear, except that rich executives of the company improved after stealing from you, not the bank work. Koch brothers, and may the financial resources of the child workers laugh their OL is done, has been named the best pornography told me that not one is not about the theft of his children, there is nothing. game, which I do, a lot of people will say, oh, but that's Cry is wrong to steal, but I just do not say? Well, yes, because it is one of the versions of the Old Testament, which includes Larry King and Moses signed. Since one of the oldest jokings Larry King, OL laughter is the case, you can not do this.
Well, on the one hand, he said that is where the money belongs to the children at that time already? As a couple, they have military duty when I hear that a child is not binding for other trouble occurs, listen to music, not signing a contract. Oh, I'm important to consider that will tell you that you are right there and you can say this. The child is not of legal age to make bank assets Bacon, but the main lesson is that I know that they do not Thefting, and his teachings, tell me that teaching children of parents without human parents idiots can not do for you to take away from them or retirement savings and leave for the elderly.
Well, I think it's really stupid kids are these two pages, must include, as one is not really that important. OH sorry kids, tooth fairy is held to say and you need to give money to other children, but if you lose your teeth in AGE, you will get the return value. Give this a few days, the kids, because it has a memory of the time is good for thyroid disease most of you probably take a child perhaps, for the big day, you remind children to produce there and forget it.
It seems when you want to steal money from your son, and you are the lowest in the first, but you have Fark.com poster, sex, in this case it is reasonable stability.
 
2013-05-08 10:40:36 PM  

Peki: What Knot: I don't know what a fisting bump is, but I hope you get three of them tonight.

AKA fist pound. When two people bump fists together. Usually meant as "We're cool, bro."


Thanks, that helps. Will you be my meow-toEnglish translator?
 
2013-05-08 10:41:32 PM  

Peki: What Knot: meow said the dog: rappy: This isn't your personal therapy session, people.

Fisting bump.  It is as though many people are crying for the issue of losing the money which was not the money of they in the first place.

I don't know what a fisting bump is, but I hope you get three of them tonight.

AKA fist pound. When two people bump fists together. Usually meant as "We're cool, bro."


Fisting bump sounds more...aggressive.
 
2013-05-08 10:41:49 PM  

PsiChick: How about the technical definition of the word? When you take something that doesn't belong to you, that's theft. That money does not belong to you. Yeah, it's legal theft. Doesn't mean it's not theft. And it sets a bad example for your kids down the road.


So what you are trying to say is, no. You have no legal precedent proving your point.

Got it.
 
2013-05-08 10:42:40 PM  

odinsposse: Peki: What Knot: meow said the dog: rappy: This isn't your personal therapy session, people.

Fisting bump.  It is as though many people are crying for the issue of losing the money which was not the money of they in the first place.

I don't know what a fisting bump is, but I hope you get three of them tonight.

AKA fist pound. When two people bump fists together. Usually meant as "We're cool, bro."

Fisting bump sounds more...aggressive.


yeah I was picturing something kinkier than that
 
2013-05-08 10:42:56 PM  

rappy: So what you are trying to say is, no. You have no legal precedent proving your point.

Got it.


It is also not something upon which is within the Model Penile Code so I do not have the idea of where the definition of this is being the drawing from.
 
2013-05-08 10:44:33 PM  

meow said the dog: What Knot: See this? This is exactly what I'm talking about. If you NEED to take money from your kids to feed the family, that's one thing. But just taking their money and ruining their credit is dispicable.

I am sorry but you do not seem as though you would be the fun person.  Let the parents do the little bit of living as they are those upon which did the out popping of the child.


I'm plenty of fun. How do you think I got eight kids in the fist place? I just make my children a priority and put their needs first. If I don't need their money, why would I take it? I'm hoping that savings will help them get through college or tech school or something someday. I don't need to go party away my kids' money to feel good about myself. God granted me the title "Mother," and that makes me feel better than any silly party ever could.
 
2013-05-08 10:45:45 PM  

rappy: PsiChick: How about the technical definition of the word? When you take something that doesn't belong to you, that's theft. That money does not belong to you. Yeah, it's legal theft. Doesn't mean it's not theft. And it sets a bad example for your kids down the road.

So what you are trying to say is, no. You have no legal precedent proving your point.

Got it.


So you don't count it as theft unless the law does. Got it.
 
2013-05-08 10:46:15 PM  

What Knot: Peki: What Knot: I don't know what a fisting bump is, but I hope you get three of them tonight.

AKA fist pound. When two people bump fists together. Usually meant as "We're cool, bro."

Thanks, that helps. Will you be my meow-toEnglish translator?


Fark no. I have a BA in English. Fricking ee cummings is easier to read. I had to favorite him in red so I don't bother trying (made my eyes hurt).

PsiChick: Yeah, he  used to be that douchey, but nowadays...well, I still live in the same house as the guy and have yet to kill him, so. My mom's pretty win, though. :)


Good to hear. :)
 
2013-05-08 10:47:00 PM  

PsiChick: So you don't count it as theft unless the law does. Got it.


I'm sorry that I am a logical person and actually take the law into account when making legal accusations against someone.
 
2013-05-08 10:47:55 PM  
Goetz: In case you didn't get it, here's a translation.

 Ok, I don't even know what my brain just did to itself, but it was violent and really messy.
 
2013-05-08 10:50:22 PM  
I really don't expect someone who actually believes/claims to be a psychic to understand something like logic, though.
 
2013-05-08 10:52:25 PM  
www.joannagleason.com

"These arent your things! You didnt pay for them, Stupid!"
 
2013-05-08 10:54:04 PM  

pianomom: Meh. I personally know parents who open credit cards and cell phone accounts in their childrens' names because their own credit is so bad. Good luck explaining to your 18 year old why he doesn't qualify for anything when he goes to get his/her first credit card, car, loan, house, etc.

Way to Fark it up parents of the year!


Those stories always make me so mad.

I mean, I can kind of understand taking money out of a kid's savings account, especially if it were an emergency. (That'd be the only time I could justify doing it.) But I don't understand how someone can trash their kid's credit to the point where the only options are to declare bankruptcy and press charges. That kind of credit will, to a sad extent, really fark up someone's life.
 
2013-05-08 10:54:42 PM  

meow said the dog: pianomom: Meh. I personally know parents who open credit cards and cell phone accounts in their childrens' names because their own credit is so bad. Good luck explaining to your 18 year old why he doesn't qualify for anything when he goes to get his/her first credit card, car, loan, house, etc.

Way to Fark it up parents of the year!

Why would this be the problem?  Do you think that the children of these do not reap the benefits upon which are needled and sewed by the credit card information and also they can just do the discharging of this through the identity theft claiming.  This is the easy fix and actually quite the good strategy because maybe perhaps the credit card companies should do the further background checkings.  So why would you do the blaming of the parents who are the innocent partiers here.


Exactly. Now we are talking identity theft....ON YOUR OWN CHILDREN no less. You really trust credit companies to do any sort of checking first? You do realize they are in the business of making exorbitant money via the ever more exorbitant interest rates. They don't care about checking first. And these parents are buying big screen TVs and cell phone plans for the latest iPhone 15G. So yeah...kids aren't really profiting here. Parents are the innocent parties here? Not even a 1 on the Troll-O-meter.
 
2013-05-08 10:55:24 PM  

What Knot: I've worked multiple jobs when needed and I have NEVER taken money from them.


Listen, that's great and all. But who are you to judge if other people don't have that opportunity and need to have their children help?
 
2013-05-08 10:56:51 PM  

rappy: What Knot: I've worked multiple jobs when needed and I have NEVER taken money from them.

Listen, that's great and all. But who are you to judge if other people don't have that opportunity and need to have their children help?


Funny way to spell "I'm sorry."

Try again.
 
2013-05-08 10:57:03 PM  

mesmer242: Yup... My mom took all the money out of my savings account. And it wasn't money she had given me.

But it was because we were flat broke after my dad left and she needed to feed us and keep the lights on. That's life, and I certainly don't blame her for the situation.


I remember cashing in a couple of savings bonds a few years early when I was a teenager because the power had been cut off and my mom didn't have any money.  After she started her second job she promised she'd pay me back, and to me she totally has, what with helping me and my brothers with the occasional bill or car repair and sometimes even random tickets to a Grizzlies game.  Whatever, life gets tough, and you can't always blame parents for doing desperate things in desperate times.

/I also remember my mom "holding on" to birthday money for my brothers and I and really spending it on groceries to feed us.
//Growing up poor sucks
 
2013-05-08 10:57:25 PM  

Martian_Astronomer: Here's the simplest way I can put it: One of the main reasons that you give a kid a piggy bank (or, when they get old enough, one of those teenager savings accounts,) is to teach them to be responsible with money, delay gratification, prioritize what they spend it on, etc. If that money can disappear at any time without warning, the kid is going to learn exactly the opposite lesson that you're trying to teach them: Spend all your money as soon as possible, because if you try to save it, mom and dad will just re-appropriate it anyway.

/ I mean, if you're really cynical about life and want to teach your kids not to trust the banking/finance industry, that'll probably work well, but...


I had that problem for the longest time, because my folks were really poor. They never wanted to borrow money from me, but I'd see them panicking about the bills, and Mom had already taught me to keep a little checkbook of my own, so I'd intercept things between the mailbox and home and cover the power or the water bill out of my babysitting money and say nothing until Mom or Dad would realize it was the fifteenth and they hadn't gotten the bill, panic, and I'd sort of pull the "isn't it under the keyboard on your desk where it always is?" thing and there it would be, marked 'paid' in a badly-forged version of Dad's cursive.

They knew, of course, especially as I started getting on my younger siblings for running the water too long or not turning things off when they left rooms, but they were kind enough not to say. Eventually I succeeded in getting two regular after-school babysitting clients who employed me five days a week, and I'd just take all four kids to one or the other houses at what worked out to the magnificent sum of $11 an hour, and most Fridays and Saturday evenings I had work as the parents went out. I covered more and more bills for Mom and Dad, until the month I finally picked up every single utility, a medical bill and the mortgage, leaving Mom and Dad with $864.23, I still remember it to the cents, that I suggested they spend on something nice for their anniversary. They went out to dinner and saw a movie, and the rest went to pay off one of the worst and most pressing of my siblings' medical bills.

Of course, soon after, my little sister got better and my mom was able to go for a better job and then several promotions, so now they're comfortable and almost debt-free at last. I bought a modest older secondhand car and fixed it up for Dad so he could accept a promotion that required more traveling in my early twenties, but they haven't been hurting for money like they were when I was little in a long time.

My husband and I recently accepted new jobs in a new city. Our house is on the market and we're living in the cheapest possible apartment to save for the down payment on our next home. My mother and father called the minute we knew where we were going and said "We'll look after your cats, of course," and for three months, they have cared for and looked after our beloved pets, complete with daily pictures and progress reports, as if they were grandchildren. I offered Mom money for their food and any vet expenses, since it could easily take six to ten months and I know kennels want hundreds a month for that, but she's refused every time. She and Dad buy them their favorite food, brush them daily, read to them and have even started watching some of husband's and my favorite TV shows on the grounds that the cats shouldn't miss their favorites. (Apparently Spot really enjoys 'Game of Thrones' and purred loudly at Daenerys Targaryen's best scene.)

Did my parents rely on me financially when I was perhaps too young to be paying utilities? Sure. But I rely on them to be the kind of people they raised me to be, and their retirement isn't going to be in some raisin ranch. No matter what, I intend to make sure that my Mom and Dad have the best of everything when they're elderly.
 
2013-05-08 10:57:44 PM  
my saving was emptied of over a $1000 when i was young with my consent..... though we did goto Disney world
 
2013-05-08 10:58:05 PM  
When my husband was about sixteen and starting to look at schools, his mother emptied his entire college fund (about half her contributions and half his work savings) and bought herself a Mustang.

He moved out that year.
 
2013-05-08 11:00:14 PM  

rappy: PsiChick: So you don't count it as theft unless the law does. Got it.

I'm sorry that I am a logical person and actually take the law into account when making legal accusations against someone.


Theft isn't just a legal term. It also refers to the action of stealing  without law--that's why taking candy from a child, who does not legally own that candy, is commonly considered theft. Words have more than one meaning.

/To be clear: I'm not talking about taking money to put food on the table, I'm talking about the rest of the shiat TFA's parents admitted to. A vacation, something you  really really want, those are not things your kids should pay for, because  you're the parent, not them. It's not their job to provide for you, it's the other way around.

meow said the dog: PsiChick: So you don't count it as theft unless the law does. Got it.

Listen perhaps instead of doing the making up of terms we should get to the key issue of this and that is the children should be those who are doing the working.  They should do the hard working and then none of this issue would have the problem because there would be enough to share.


Meow, honey, there is no one who thinks the term 'theft' originated in United States law. And if they do, I have the Ten Commandments to introduce them to. In Hebrew.
 
2013-05-08 11:00:32 PM  
meow said the dog is a level 80 troll.

Yes, children should be grateful for being "popped out" and emptying a savings account is really an incentive in the free market!

/hit a raw nerve, must soothe the jimmies
//"I taught you self reliance."
 
2013-05-08 11:01:56 PM  

glmorrs1: I remember cashing in a couple of savings bonds a few years early when I was a teenager because the power had been cut off and my mom didn't have any money.  After she started her second job she promised she'd pay me back, and to me she totally has, what with helping me and my brothers with the occasional bill or car repair and sometimes even random tickets to a Grizzlies game.  Whatever, life gets tough, and you can't always blame parents for doing desperate things in desperate times./I also remember my mom "holding on" to birthday money for my brothers and I and really spending it on groceries to feed us.//Growing up poor sucks


Our poorest Christmas makes my mother wince, but my brother and I remember it as our best. They wrapped up cash in a bunch of different ways. We had a blast going through the wrapping paper just trying to find the damn bills.

/Mom: I felt like we stopped being poor when I could afford to take care of pets. Me: I felt like we stopped being poor when you'd let us drink an entire Pepsi to ourselves.
 
2013-05-08 11:03:13 PM  

PsiChick: Theft isn't just a legal term


Theft is a criminal act.
 
2013-05-08 11:03:41 PM  

rappy: What Knot: I've worked multiple jobs when needed and I have NEVER taken money from them.

Listen, that's great and all. But who are you to judge if other people don't have that opportunity and need to have their children help?


I think a parent who NEEDS their children's help should probably put on his or her big people pants and be a parent. No parent should ever NEED help from their children. Clearly you had an upside-down relationship with your parents where you think this kind of thing is normal. It isn't. You might want to talk to someone about the obvious resultant damage done to your ability to relate to people in healthy ways.
 
2013-05-08 11:04:02 PM  
I didn't need a piggy bank as a kid - I was roofing houses when I was 12, and the $ went right into the rent envelope. Should I be mad? We coulda been living in a box but damn I'd have that pocket money.
 
2013-05-08 11:05:49 PM  
"Look here junior. Daddy owes a bookie a LOT of money. Either your piggy bank from grandma gets smashed or you can go out in the shed and start making meth with your father."
 
2013-05-08 11:10:25 PM  
Each of our kids has a savings account. I can see it, the wife can see it. if either one of us touches a dime, the expectation is that the other one will call bullshiat and kick some ass. My mother embezzled thousands and thousands of dollars from me as a pre-teen and young teenage- lawn mowing money. It's something that has stuck with me to this day.

It'll be a nice little surprise for them when they're older that we've been socking away a few bucks here and there for them.

/any parents who touch that money are assholes, bad parents, and piss poor financial planners
 
2013-05-08 11:11:10 PM  

rappy: PsiChick: Theft isn't just a legal term

Theft is a criminal act.


Theft is a cultural universal. There are no cultures that do not have some indications of property and who can and cannot use it. If you want to argue with that, go take an anthro class--and again, I'm not talking about stealing to put food on the table, I'm talking about stealing for vacation money or an Ipad. That's outright theft.

/Plus, think of it this way: If your kids don't own things now, how are they going to handle owning anything as adults? Magic?
 
2013-05-08 11:13:19 PM  

PsiChick: /Plus, think of it this way: If your kids don't own things now, how are they going to handle owning anything as adults? Magic?


LAUGHTER OL once they are the adults they will know that stuff such as magic is not the real thing. That is called part of doing the up growth as you stop believing in the things which are the fantasy such as the magic or crystals or saying to soothes.
 
2013-05-08 11:14:31 PM  

Your Average Witty Fark User: /any parents who touch that money are assholes, bad parents, and piss poor financial planners


I'm not that harsh. Shiat happens. I've seen it happen. I've also seen what happens when a parent is just a greedy farkhole gives fark all about his kids and family. There's a difference.

/taking out a credit card in your kid's name is some seriously baloney though. You older folks talked about a permanent record? It's not your school record; it's your credit score.
 
2013-05-08 11:14:44 PM  
Instead of saving for my kids college I'm saving for their bail.
 
2013-05-08 11:15:38 PM  

What Knot: Are you as poor at reading as you are at writing? I just said there were not eight fathers. And maybe there is some saying about paprika in the eye in whatever herpa-derpa-muhammed-jihad country you come from, but you need to read the Bible and get it straight. It's a splinter in the eye. Moron.


Listen I have done the reading of the Bible in the Hebrewiac language and to make this point of the thread what is said by this is that you must do the sparing of the rod if you wish for spoiling the children but the original translation of this is actually stating that the child of you should pay to you for the life you have done the giving to so this is the justification of the Biblical readings of the day to justify the taking of the money so perhaps it is you who has the lacking of this information.
 
2013-05-08 11:16:24 PM  

Kenny B: Instead of saving for my kids college I'm saving for their bail.


Now THERE is a legit use for kid's piggy bank money.
 
2013-05-08 11:17:11 PM  
My parents didn't have a college fund or savings account for me so neither will I for my children. Yes I am a jerk and no they won't have better things than I did growing up.
 
2013-05-08 11:18:06 PM  
My father took out a fraudulent personal loan in my name. (I'm a Jr., but it's only honorific, not on the birth certificate.) He just plugged my SSN into the loan information a month after I'd turned 18, and wham-bam-zero consequences for Daddy.

He apparently paid it for awhile, but eventually let it default. I got to find out about it shortly after he died, and I played hell getting that wiped. At least parents that dip into the savings of their kids aren't trashing their credit and setting them up for years of harrassive phone calls. Still shiatty though.

/I know, I know, CSB,
//Never CSB'd before on Fark, that I recall...so I figure everyone gets at least one.
 
2013-05-08 11:19:57 PM  

baufan2005: My parents didn't have a college fund or savings account for me so neither will I for my children. Yes I am a jerk and no they won't have better things than I did growing up.


Unless you kept all of your old things, they'll have better things than you did.

Go see if your parents still have that rusted out John Deere tractor toy & stick a bow on that mofo.

Merry Christmas Johnny!
 
2013-05-08 11:21:03 PM  

meow said the dog: Listen I have done the reading of the Bible in the Hebrewiac language and to make this point of the thread what is said by this is that you must do the sparing of the rod if you wish for spoiling the children but the original translation of this is actually stating that the child of you should pay to you for the life you have done the giving to so this is the justification of the Biblical readings of the day to justify the taking of the money so perhaps it is you who has the lacking of this information.


The Bible clearly says it is fine to put your children to work to earn for the support of the family. I don't disagree with that premise. However, in this day and age, when education is of such critical importance, I will not force my child into labor unless I failed as a parent and could not provide for them. Since I would never let that happen, the point is mute. You should try that sometime.
 
2013-05-08 11:22:24 PM  

What Knot: Since I would never let that happen, the point is mute.


The point of this is Anne Frank?
 
2013-05-08 11:25:46 PM  
Interesting that these "parents" justify hijacking the kids savings as a way to teach them about family responsibilities.
farking thieves, the lot of you.
Kids have no power in family dynamics, you are unilaterally making decisions about something that is not yours!  If a kid wants to share, great.  If not and it is not a life or death situation then you are no better than the meth mouth down town.

Kids did not ask to be born to you assholes, they are pretty well stuck.  You on the other hand had a choice.  It is not their fault you cannot handle life.

Give them back their money with real interest!
 
2013-05-08 11:26:11 PM  
I found a twenty in the sock bin at Kmart once. I stuffed that bad boy right into my diaper and just kept on walking.

Unfortunately I had also wet myself, and totally forgot about the $20 by the time mom changed me. Oh well - live & learn.
 
2013-05-08 11:27:23 PM  
All that money left rotting in some poor person's non-dividend account when it could be adding to my multi-million dollar high score.  What a shame.
 
2013-05-08 11:27:48 PM  
I had a savings account growing up, and by the time I got to high school it had maybe a couple of thousand in it. Then I met a friend who LOVED shopping and went with her to the mall, and fell into a mindset that I could buy whatever I wanted for a few years. Basically drained my own account which was supposed to be for 'college'. After I got my spending under control though, I realized that the money that had been in there would have helped for maybe two semesters at most. So I still feel stupid about it, but not as much as I did back then.
 
2013-05-08 11:29:02 PM  
Bah, I went off tab and forgot to finish my post before clicking. The other retrospective I have on the whole savings account is I wish my dad HAD drained it after mom died, because we had a couple of rough years there after all the medical bills came in.
 
2013-05-08 11:29:49 PM  

meow said the dog: What Knot: Since I would never let that happen, the point is mute.

The point of this is Anne Frank?


Much like your other posts, I have no idea what you're saying here. Purple monkey dishwasher, dryer sheets pop can sweatshirt cat donut.
 
2013-05-08 11:29:54 PM  
yet 100% of children steal from their parents.
 
2013-05-08 11:29:57 PM  

meow said the dog: What Knot: Are you as poor at reading as you are at writing? I just said there were not eight fathers. And maybe there is some saying about paprika in the eye in whatever herpa-derpa-muhammed-jihad country you come from, but you need to read the Bible and get it straight. It's a splinter in the eye. Moron.

Listen I have done the reading of the Bible in the Hebrewiac language and to make this point of the thread what is said by this is that you must do the sparing of the rod if you wish for spoiling the children but the original translation of this is actually stating that the child of you should pay to you for the life you have done the giving to so this is the justification of the Biblical readings of the day to justify the taking of the money so perhaps it is you who has the lacking of this information.

 "Spare the rod, spoil the child"


shewhoprecedesmen.files.wordpress.com
 
2013-05-08 11:30:08 PM  
My step-mother stole money from us when we were kids (mostly money we earned from babysitting or paper routes).  Wasn't anything we could do about it.

I have one friend whose dad decided to take his trust fund---inheritance money from the kid's grandmother, given to him for the express purposes of paying for his college---and "invest" it (this was in the late 1990s when daytrading was a fad).  The guy lost every penny of this son's trust fund.  Like, nearly $150,000.

The dad didn't tell his son until after the acceptance letters from universities started rolling in.  Now the kid is stuck with student loans.

/some parents suck
 
2013-05-08 11:33:27 PM  

FizixJunkee: The dad didn't tell his son until after the acceptance letters from universities started rolling in.  Now the kid is stuck with student loans./some parents suck


Yikes. At least mine waited until after I graduated (though he told a story that his income was paying for my education, not the trust. . .)

/bro wasn't so lucky, joined the Navy, and now Congress has de-funded his education too. . . :/
 
2013-05-08 11:33:49 PM  

LoneVVolf: Unless the kid is pulling a 9-5, the money came from the parents in better times anyway.


Not always true.  I got a paper route when I was 9 years old, and did that until I was old enough to babysit.  Once I turned 16, I got real jobs that paid a whopping $4.25/hour.

Some kids get birthday money from grandparents and aunts and uncles.  That money doesn't belong to the parents, either.
 
2013-05-08 11:34:38 PM  
Well no shiat! My parents would have survived the last 5 years without me, literally.
 
2013-05-08 11:35:09 PM  
I'm happy to say I never once stole money from my stepdaughter, even when things were tight and buying groceries became a problem.

I wish I could say the same for the other way around.
 
2013-05-08 11:36:43 PM  

pippi longstocking: Well no shiat! My parents would have survived the last 5 years without me, literally.


is this one of those things where a person anonymously admits to a heinous crime on the internet?
 
2013-05-08 11:37:53 PM  

Punk Floyd: Yes, children should be grateful for being "popped out" and emptying a savings account is really an incentive in the free market!


Yes we have agreement on this.
 
2013-05-08 11:41:06 PM  

meow said the dog: Punk Floyd: Yes, children should be grateful for being "popped out" and emptying a savings account is really an incentive in the free market!

Yes we have agreement on this.


My eyes just rolled back into my head so hard that I am as blind as Anne Frank now.  Thanks a lot.  SHEESH
 
2013-05-08 11:46:19 PM  
I was living on my own and doing well until I developed Ulcerative Colitis. I had to move back home at 26, quit the stressful job that I was working that I went to college for. 2 years later (right now) I have been  working a part time min wage job, still living at home.  Still hsving UC problems. Its been very hard but my parents have been supportive. I will always be there to help them when they will need it
 
2013-05-08 11:52:23 PM  

SpiderQueenDemon: I had that problem for the longest time, because my folks were really poor. They never wanted to borrow money from me, but I'd see them panicking about the bills, and Mom had already taught me to keep a little checkbook of my own, so I'd intercept things between the mailbox and home and cover the power or the water bill out of my babysitting money and say nothing until Mom or Dad would realize it was the fifteenth and they hadn't gotten the bill, panic, and I'd sort of pull the "isn't it under the keyboard on your desk where it always is?" thing and there it would be, marked 'paid' in a badly-forged version of Dad's cursive.


This is a surprisingly heartwarming story. Thank you.

ladyfortuna: I had a savings account growing up, and by the time I got to high school it had maybe a couple of thousand in it. Then I met a friend who LOVED shopping and went with her to the mall, and fell into a mindset that I could buy whatever I wanted for a few years. Basically drained my own account which was supposed to be for 'college'. After I got my spending under control though, I realized that the money that had been in there would have helped for maybe two semesters at most. So I still feel stupid about it, but not as much as I did back then.


Be happy. :-) Not only did you learn that lesson (that's what mistakes are for anyway), but you did it by whittling down savings instead of going into a credit card spiral of doom!
 
2013-05-08 11:54:51 PM  
I have to have my eldest son loan me cash from time to time. I don't normally have cash and I like to support the kids selling stuff door to door in the neighborhood.

Little pain in the neck charges me interest! A seven year old that understand reasonable return on investment!! So. Very. Proud.
 
2013-05-08 11:55:06 PM  
$5/$50 per week of my daughters' piggy bank is "Daddy's Little Bender" funds, so I'm okay with this.
 
2013-05-08 11:56:38 PM  

The Stealth Hippopotamus: Little pain in the neck charges me interest! A seven year old that understand reasonable return on investment!! So. Very. Proud.


You should teach to this individual the Enron incident and declare the investments of he are now worthless.  LAUGHTER OL the lesson of the time of life.
 
2013-05-08 11:57:38 PM  

pianomom: Meh. I personally know parents who open credit cards and cell phone accounts in their childrens' names because their own credit is so bad. Good luck explaining to your 18 year old why he doesn't qualify for anything when he goes to get his/her first credit card, car, loan, house, etc.


You know my parents, eh?

Yep, they had past due telephone and electric accounts in my name (accounts were opened when I was 8 years old).  Oh, and my step-mother had forged my signature on some checks she had stolen from my checking account, overdrawing my account by nearly $1,000.
 
2013-05-08 11:59:21 PM  
Am I the only one who never had a savings account as a kid? I didn't get allowance or anything, and any money I got as gifts was usually just enough to buy some candy.
 
2013-05-09 12:01:36 AM  
I actually worked for that money, too. Which is probably why I have such a strong antipathy toward working now.
 
2013-05-09 12:02:32 AM  
It's a great way to get your kids out of the house. Parents did this to me all the time. Still do in fact but now they have to ask.

Moved out at 18. Never went back except a brief 2 week stint after moving cross country and waiting for new job to start.

Definetly not bad parents and always support me emotionally but terrible with money. I strive to learn as much as I can from outside sources. Suggestions for sourcea of practical finance knowledge welcome.
 
2013-05-09 12:02:54 AM  

Repo Man: "If you ever have to steal money from your kid, and later on he discovers it's gone, I think a good thing to do is to blame it on Santa Claus" - Jack Handey


"One day johnny woke up late at night and heard his parents arguing about their money problems.  It was then that he knew what he had to do.  He took his Piggy Bank, and buried it in the back yard so they couldn't get their grubby mitts on it." -- Jack Handy (from memory)
 
2013-05-09 12:04:22 AM  

meow said the dog: The Stealth Hippopotamus: Little pain in the neck charges me interest! A seven year old that understand reasonable return on investment!! So. Very. Proud.

You should teach to this individual the Enron incident and declare the investments of he are now worthless.  LAUGHTER OL the lesson of the time of life.


Oh hells no! Then next time Daddy needs a thin mint fix the bank wouldn't be open!!

I wouldn't put it past the kid to take a whooping to keep his bank roll safe.

Raised him right! And his little brother is learning faster then he did.
 
2013-05-09 12:07:18 AM  

Coastalgrl: It's a great way to get your kids out of the house. Parents did this to me all the time. Still do in fact but now they have to ask.

Moved out at 18. Never went back except a brief 2 week stint after moving cross country and waiting for new job to start.

Definetly not bad parents and always support me emotionally but terrible with money. I strive to learn as much as I can from outside sources. Suggestions for sourcea of practical finance knowledge welcome.


"Rich Dad Poor Dad"

And anything Dave Ramsey says
 
2013-05-09 12:12:21 AM  

Coastalgrl: Suggestions for sourcea of practical finance knowledge welcome.


Any particular topics?
 
2013-05-09 12:26:22 AM  
Any change that shows up at the bottom of the washing machine is MINE!
 
2013-05-09 12:30:38 AM  

SpiderQueenDemon: Martian_Astronomer: Here's the simplest way I can put it: One of the main reasons that you give a kid a piggy bank (or, when they get old enough, one of those teenager savings accounts,) is to teach them to be responsible with money, delay gratification, prioritize what they spend it on, etc. If that money can disappear at any time without warning, the kid is going to learn exactly the opposite lesson that you're trying to teach them: Spend all your money as soon as possible, because if you try to save it, mom and dad will just re-appropriate it anyway.

/ I mean, if you're really cynical about life and want to teach your kids not to trust the banking/finance industry, that'll probably work well, but...

I had that problem for the longest time, because my folks were really poor. They never wanted to borrow money from me, but I'd see them panicking about the bills, and Mom had already taught me to keep a little checkbook of my own, so I'd intercept things between the mailbox and home and cover the power or the water bill out of my babysitting money and say nothing until Mom or Dad would realize it was the fifteenth and they hadn't gotten the bill, panic, and I'd sort of pull the "isn't it under the keyboard on your desk where it always is?" thing and there it would be, marked 'paid' in a badly-forged version of Dad's cursive.

They knew, of course, especially as I started getting on my younger siblings for running the water too long or not turning things off when they left rooms, but they were kind enough not to say. Eventually I succeeded in getting two regular after-school babysitting clients who employed me five days a week, and I'd just take all four kids to one or the other houses at what worked out to the magnificent sum of $11 an hour, and most Fridays and Saturday evenings I had work as the parents went out. I covered more and more bills for Mom and Dad, until the month I finally picked up every single utility, a medical bill and the mortgage, leaving Mom and ...


Great story.  I didn't grow up poor, but there was rarely any extra money.  My dad taught public schools back before the unions got strong and the schools started paying a good salary (which is one of the reasons I get extremely annoyed at teachers who whine about their "low" pay these days).  I never had the moral strength to pitch in, but I wasn't making much when I was finally old enough to work.  However, now that I'm making damn good money, I always help out family and close friends whenever necessary.  Hell, sometimes not even when necessary (I like to surprise people with shiat they want but can't justify buying).
 
2013-05-09 12:31:07 AM  
You guys had savings accounts as kids? My parents immediately confiscated any and all money I earned or was given up until college.

My parents were filthy rich when I was born, but dirt poor by the time I was in high school. A whole lot of McMansions, get-rich investment schemes and pyramid scams, transparently half-assed business proposals, and shady business partners.

They then spent the decade after we bottomed out blaming it on each other. Extravagant lifestyle versus pie-in-the-sky start-up dream.

The saddest part is all their money was earned working long hours and being diligent wage-slaves.
 
2013-05-09 12:35:04 AM  

evaned: Coastalgrl: Suggestions for sourcea of practical finance knowledge welcome.

Any particular topics?


Personal finance (although I have a good budget) and long term investments. I have an old retirement acct from previous employer. Cashed out 2 retirement accts in past due to economic downturn in 2008 ( too busy defending thesis to get it out and lost 85%) and the other was liquidated due to company buyout. Managing student loan debt.
 
2013-05-09 12:52:33 AM  
 
2013-05-09 12:57:01 AM  

evaned: Be happy. :-) Not only did you learn that lesson (that's what mistakes are for anyway), but you did it by whittling down savings instead of going into a credit card spiral of doom!


Oh, I am, but I also had the lesson reinforced by my ex - he got suckered into one of those college campus credit card offers and boy did he fark up his income with that thing. I also learned not to let other people buy you stuff without triple checking their intentions - he would buy me things on the card and then on my payday be like oh so yeah I need x amount to pay that off...

/lots of reasons he's an ex, that's not even the worst...
 
2013-05-09 01:00:42 AM  

Coastalgrl: evaned: Coastalgrl: Suggestions for sourcea of practical finance knowledge welcome.

Any particular topics?

Personal finance (although I have a good budget) and long term investments. I have an old retirement acct from previous employer. Cashed out 2 retirement accts in past due to economic downturn in 2008 ( too busy defending thesis to get it out and lost 85%) and the other was liquidated due to company buyout. Managing student loan debt.


So funnily enough after I asked that I realized that I don't have particularly great answers no matter what you responded, so I'm not sure why I asked in the first place. :-)

I'm not sure how much you should trust me with the following. I'm pretty good with money, but I've also been quite lucky on a number of counts and in some sense I haven't really  needed much advice, so take my recommendations with a grain of salt.  I've done a bit of reading of financial stuff, mostly various sites I find online. The stuff at the Motley Fool seems pretty good; for instance it was there that I think I first saw a good treatment of index funds and such for investing. A lot of it is not really aimed at someone like me (and rather at someone who wants to pick individual stocks and such), but there's a bit of goon information there. They also have a message board which I recently asked a question on which spawned a lengthy discussion, so people seem helpful. There's also a lot of information out there about IRAs -- Roth/non-Roth, stock/bond mix, etc. I'd say if there's some topic you want to know more about, Google it and read a few sites and see what they have to say. If they seem to agree and it sounds good, it's probably at least not terrible advice. :-) On the personal finance side, in addition to that you could check out You Need a Budget, which is a pretty nifty piece of software for doing budgeting. You say you've got that under control, but it may be worth seeing if it can do anything for you. The downside is it's a bit on the expensive side ($60). For that reason I haven't actually bought it myself, so maybe this isn't really a recommendation. But there's a 34-day trial or something like that and it seemed okay. I just didn't think I'd get my money's worth, and at the moment $60 is not something I can just drop and not care about.

The student loan bit I can't really help with.
 
2013-05-09 01:09:13 AM  

evaned: Coastalgrl: evaned: Coastalgrl: Suggestions for sourcea of practical finance knowledge welcome.

Any particular topics?

Personal finance (although I have a good budget) and long term investments. I have an old retirement acct from previous employer. Cashed out 2 retirement accts in past due to economic downturn in 2008 ( too busy defending thesis to get it out and lost 85%) and the other was liquidated due to company buyout. Managing student loan debt.

So funnily enough after I asked that I realized that I don't have particularly great answers no matter what you responded, so I'm not sure why I asked in the first place. :-)

I'm not sure how much you should trust me with the following. I'm pretty good with money, but I've also been quite lucky on a number of counts and in some sense I haven't really  needed much advice, so take my recommendations with a grain of salt.  I've done a bit of reading of financial stuff, mostly various sites I find online. The stuff at the Motley Fool seems pretty good; for instance it was there that I think I first saw a good treatment of index funds and such for investing. A lot of it is not really aimed at someone like me (and rather at someone who wants to pick individual stocks and such), but there's a bit of goon information there. They also have a message board which I recently asked a question on which spawned a lengthy discussion, so people seem helpful. There's also a lot of information out there about IRAs -- Roth/non-Roth, stock/bond mix, etc. I'd say if there's some topic you want to know more about, Google it and read a few sites and see what they have to say. If they seem to agree and it sounds good, it's probably at least not terrible advice. :-) On the personal finance side, in addition to that you could check out You Need a Budget, which is a pretty nifty piece of software for doing budgeting. You say you've got that under control, but it may be worth seeing if it can do anything for you. The downside is it's a bit on the expensive side ($60). For that reason I haven't actually bought it myself, so maybe this isn't really a recommendation. But there's a 34-day trial or something like that and it seemed okay. I just didn't think I'd get my money's worth, and at the moment $60 is not something I can just drop and not care about.

The student loan bit I can't really help with.


Hey thanks. It's really where are some trustworthy sources to start with to educate myself. I'm sure my budget could use some tweaking.

A colleague of mine actually got me into the trading aspect of things but I'm focused on just being aware of what's going on and it's potential implications.

I thought that Econ was BS in school and I still think it is. but I need to make and keep money somehow. Other than stuffing it in a mattress.
 
2013-05-09 02:05:09 AM  

Coastalgrl: Managing student loan debt


First, know your rough interest rate.  If you're paying 4% and can earn 8% elsewhere, pay the very, very minimum.

Otherwise:

1) Figure out how much buffer you need (if you lose your job or had to find a new apartment really quick and had to make a security deposit).  A couple months rent, deductibles on your insurance, a couple months of minimum payments on all your loans etc.  You can't borrow money from your parents, so add a bit on because once this money runs out, you can't go to family and say "Hey...".  For me personally, I've been trying to run around on about $3K.
2) If you have stuff that's significantly higher interest, pay that first.  Depending on your personal circumstances, a couple percent might be worth "Can be discharged in bankruptcy, since student loans can't" (Student and car are both about 4%, so student first)
3) Every month or so, dump every penny that isn't buffer into your student loans.  Private loans first in order of interest, than public.  The public ones are WAY, WAY better about letting you defer in the event you lose your job than the private ones.
4)  Be done.

/Also, in the event that you move, look at high cost of living areas first.  Getting a roommate back home (Detroit) saves me $300/month, while here (South Bay) it saves me $700-900/month, and (professional) salaries tend to go up accordingly with the cost of living.   That means that finding several grand each month to pay off my $5000 left of student loans and the $6000 I owe family is a lot easier.
//Heck, if I didn't have to move, I could pay off the student loans and the family in about 6 months, and be able to fly home for Christmas on my own dime.
 
2013-05-09 02:28:21 AM  

meow said the dog: rappy: This isn't your personal therapy session, people.

Fisting bump.  It is as though many people are crying for the issue of losing the money which was not the money of they in the first place.


csb:
Spent three years working in TV as a "child star" in a precursor to Barney...all that cash got put in a savings account. Then the folks got a divorce. One of the prime targets of the proceedings was who got that hard-earned dough. Damn straight it wasn't me. Dad took it AND my Star Wars collection (for spite?)
/had to pay my own damned way through college and beyond
//still about 80k in debt after graduating 10 years ago
///is this where I name drop Obama?
 
2013-05-09 02:58:25 AM  

meyerkev: First, know your rough interest rate.  If you're paying 4% and can earn 8% elsewhere, pay the very, very minimum.Otherwise:

blah blah blah

That's all good advice. Just one thing I'd add is that if your employer gives you a 401K match, that ought to come very high in your list of where to put money. Aren't many places where you can get an instant and guaranteed 50% (or whatever) return on investment. :-) It'd take 11 extra years of 4% to get there, and that's ignoring what happens to that investment money in the meantime. Of course, the down side is that it's "inaccessible".

I bring that up because while in some sense it's obvious, it may not be obvious how much of a boon it is if you don't think about it. I think I've even seen advice that a lot of times you'd want to take the match even before paying down CC debt -- but that advice makes me  very wary and you'd have to run the numbers very carefully if you're in that situation.
 
2013-05-09 03:55:59 AM  
As many kids steal from their parents, so it evens out.
 
2013-05-09 04:16:50 AM  
When I was 18, I got my first credit card to try to build up some credit.

Literally 10 minutes after I got it my mother took it and maxed it out. That day.

fark her.
 
2013-05-09 04:35:06 AM  
When my kid was 2 and I tried that, he started charging me credit card interest rates... Smart son!
 
2013-05-09 06:09:18 AM  
Holy shiat!

There are people whose parents saved money for them?

I wonder what that would be like.
 
2013-05-09 06:15:44 AM  
Being one of those 49% of thieving parents, I'd have to say at least I felt guilt when we had to take money from my kid. Of course, when you're stealing from your child's change jar to have enough for groceries that week, there's not *a lot* of guilt.

In all fairness, while he did get a good scholarship for school, what's left is still pretty hefty and I'm paying for it. That's gotta make up for that change plus beyond usury interest.
 
2013-05-09 07:43:32 AM  
i remember when i was like 8 or 10 years old i saved up like $50 in change in a huge piggy bank, and my parents agreed to open up a bank account in my name and put it there so i could save it.  when i was in college i remembered i had that money and called my parents and asked about it.  my mom just laughed and told me that they had spent it a long time ago.  i figured they were paying for my college, so if they want to steal $50 from me then i'm okay with that.
 
2013-05-09 07:46:08 AM  
thinkprogress.org

"You're welcome"
 
2013-05-09 08:29:11 AM  

NickelP: rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.

You sound like one of those moms that is ok with their 12 year old selling drugs because hey the family needs the money right?


Well as 52% of the population is below the poverty line this makes sense.
 
2013-05-09 09:13:33 AM  
A few people have said similar upthread, but I think it's worth repeating: When I was a kid, the vast majority of my money (from birthday & Christmas checks, later on summer jobs) was shoved into the bank. I was never allowed to touch it for any reason. My parents bought me basically anything I wanted (my demands were fairly reasonable), and I never interacted with money in any meaningful way.

Years later, I found out that actually I had paid for a great many of those things myself. My mother had slowly siphoned away money to pay for much of what she "bought" me. I suppose it was easier for her to just let me get whatever, and then pay herself back, but I'd have appreciated it more if she'd given me $40 a month and made me budget. Or, in the case of larger things, explain that I had to pay for it from savings.

I actually turned out ok with money handling, but finding that list where she itemized everything I "owed" her for her next trip to the bank was very upsetting. The savings account, for most of my life, was just a pit where money went to die.
 
2013-05-09 09:58:04 AM  

What Knot: Some might think it's ok to take money from your child's savings account because it doesn't "belong" to them, but by that logic, I can walk up to any kid on the street and steal their toys or candy or guns because, hey, f*ck off kid, you aren't legally entitled to own anything.


You should abstain from "logic" because you aren't good at it. Possessions of children belong to their parents. This is called custodianship or guardianship. Children don't have money, their parents have money. Kids aren't even allowed to open bank accounts without a parent signed on as far as I know.
 
2013-05-09 10:07:35 AM  
When I was a kid, my folks started two savings accounts for my brother and I. They put a little in each paycheck. My dad worked for a shipping company and my mom worked a few nights a week as an adult-ed computer teacher. Then my dad lost his job. We went from middle-class to poor very quickly when we only had my mom's part time check to live off of. My parents had to dip into the accounts they created for us in order to pay the bills. They did nothing frivolous either. All our food was bargain brand, clothing was several generations hand-me-down, and my understanding grandparents stepped in for birthdays and Christmas. It literally brought my mom to tears when she had to dip into the account she had hoped would give my brother and I a leg up later in life. We lived like that for a few years. My dad eventually got a new shipping job and my mom landed a position as the head of IT for our local municipality. She kept meticulous records of how much she took out of our accounts. We went from a low 5-figure household to a solid 6-figure household very quickly, but we still lived meagerly for a while after. That is because my mother refused to spend a penny extra until she not only replenished the savings accounts, but doubled what she withdrew. Mind you this was money that was her's and my father's to begin with.
 
2013-05-09 10:17:03 AM  

jtown: My dad stole my piggy bank money once to pay the paper boy.  I was annoyed by the theft but more upset because the piggy bank was a nice, hand-painted ceramic pig that his girlfriend had given me that was worth far more than the two or three dollars that was inside.  It had no opening through which the coins could be removed.  I only put pennies and nickels in there because I had no intention of ever breaking it to get the coins back.

Thanks for bringing up hurtful memories, Fark!


You were either too young to have a girlfriend or too old to have a piggybank.
 
2013-05-09 10:22:07 AM  

Bullseyed: jtown: My dad stole my piggy bank money once to pay the paper boy.  I was annoyed by the theft but more upset because the piggy bank was a nice, hand-painted ceramic pig that his girlfriend had given me that was worth far more than the two or three dollars that was inside.  It had no opening through which the coins could be removed.  I only put pennies and nickels in there because I had no intention of ever breaking it to get the coins back.

Thanks for bringing up hurtful memories, Fark!

You were either too young to have a girlfriend or too old to have a piggybank.


And you failed reading comprehension.  Go back and try again.  :)
 
2013-05-09 12:02:06 PM  
You know how I can tell you didn't grow up poor with finacially irresponsible parents?

You didn't spend your childhood and adolescense working to earn money to contribute to the family and still have your remaining savings stolen because the legal system assumes every penny you make should belong to your parents.

My favorite part of that whole experience was I had to allow them to claim me on their tax returns during University in order to be eligible for the financial aid I had to take. Most of my college friends thought it was crazy they called me to ask for money instead of the other way around.
 
2013-05-09 12:20:50 PM  

rappy: I mean... think about all of the money you spend on your children. I don't see the issue with taking a little bit of the money you most likely put into their savings if you need it.


Nope.

My mom used to pull the same crap on me. Except in my case, she'd give me IOUs, which she would mostly tear up without repaying me.

I'd have been perfectly fine with it if she had given me any money at all to start with. She didn't. I didn't get an allowance, and I had no college fund. I had a paper route, I mowed lawns, I washed cars, worked in a library, worked as a UNIX administrator and worked in a chemical lab (all this before I turned 18).

-I *earned* that money, and she *stole* it. As simple as that.

If you can't plan your finances well enough to keep your hands out of your child's bank account, you shouldn't be giving them money in the first place and you are a crappy parent at best.
 
2013-05-09 12:48:19 PM  
Mom gambled away a farkton of money on her credit cards, then paid her credit bills by draining an account that was 80% my money that i was saivng since 15 for college, she also drained my ollege fund that she started putting into when i was an infant.
 
2013-05-09 01:32:13 PM  
Was not aware that much of the population are elected officials...

Now take the argument for and against and replace kids with taxpayers. How fun is that?
 
2013-05-09 04:57:18 PM  

Visionmn2: Was not aware that much of the population are elected officials...

Now take the argument for and against and replace kids with taxpayers. How fun is that?


If there's anything I've learned from this thread, it's that the reason Congress is so dysfunctional is because so were our parents (who, surprise!, are the ones in Congress now).

/gets to go to her church and say the same damn thing, because they are trying to make their income match their expenditures, not the other way around. . .
//and will be accused of being a uppity whipper-snapper who should sit down and keep her mouth shut because she doesn't know anything
///oh, and btw, since you look too queer for us, will you please wear a dress, stockings, jewelry, make-up and high heels
/mumble grumble enlightened my ass
 
2013-05-09 09:37:05 PM  
Portable property, people.  If your parents are reckless destitute bums, cash out that bank account and hide it poste haste.
 
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