About a year ago, my parents borrowed about $1500 (combined) from savings accounts for my middle brother and I (held at a credit union near my grandparents' home) that we've had most of our lives. They needed it to repaint their home and do a couple minor repairs before they could rent it out. My mother (elementary school teacher) was not working then, and for a few reasons, they didn't have the free cash to do it at the time.
However, I'm not overly concerned about the money... My brother and I were completely agreeable to it, and now that my mother is also working again, they have more free income. I believe that my brother's account has already been repaid, and once she has the $1k for my account, she'll get it put back in there -- no harm, no foul. The paint job, btw, looks outstanding. ^_^
I explain all this because I see two sides of the coin. Money taken from a child's account without their knowledge and approval, or without a plan/intention to get it repaid....yea, I think that's wrong. The other case, where the child is in agreement and there is a definite plan to have it repaid, I have no issue with that situation. It's a loan, and much better than going into CC or bank loan debt.
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"Praestantia per minuti" ... "Acta non verba"
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