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Re: Kids' savings accounts
Look I am not going to argue, I just wanted to defend myself. I could go on and on all day, you don't know me and the fact I would never touch the kids' money unless I had to. & that the money we have gotten to date we have all agreed to do elsewith than save it. That is my perogative. Anyway I didn't want to arge about it. Just to defend the fact that I am not out spending my kids money willy nilly, and I never would. When I think emergency I think if I Could not afford them food or shelter otherwise. But I am looking at the UGMA accounts and it seesm you can use it as long as it is for the benefit of the child and you could withdraw it in such a catastrophe, which is really my only concern. But overall to each their own.
I think you and I just come from 2 very different angles. My parents never spoiled me and I never had money in my name from family, but I have something much greater. I have a well off family to fall back on, who has always supported me. A family who would never take the money I Earned from me. I am not going to put any money in their name to do with what they want until I know that we can take care of ourselves, and even moreso THEM, first. My dh is far more spoiled and his parents really spoil the kids. BUT I get the feeling it is a hell of a lot more likely we will be caring for them later in life than caring for my parents. I am not sure that makes the gifts so great in the long-haul. I just hope they are caring for themselves too.
Plus it sounds like this really could come down to a debate if money spent for the kids benefit is really lesser than money saved for the kids. I don't think that is so black and white. Could be an interesting discussion...
Look I am not going to argue, I just wanted to defend myself. I could go on and on all day, you don't know me and the fact I would never touch the kids' money unless I had to. & that the money we have gotten to date we have all agreed to do elsewith than save it. That is my perogative. Anyway I didn't want to arge about it. Just to defend the fact that I am not out spending my kids money willy nilly, and I never would. When I think emergency I think if I Could not afford them food or shelter otherwise. But I am looking at the UGMA accounts and it seesm you can use it as long as it is for the benefit of the child and you could withdraw it in such a catastrophe, which is really my only concern. But overall to each their own.
I think you and I just come from 2 very different angles. My parents never spoiled me and I never had money in my name from family, but I have something much greater. I have a well off family to fall back on, who has always supported me. A family who would never take the money I Earned from me. I am not going to put any money in their name to do with what they want until I know that we can take care of ourselves, and even moreso THEM, first. My dh is far more spoiled and his parents really spoil the kids. BUT I get the feeling it is a hell of a lot more likely we will be caring for them later in life than caring for my parents. I am not sure that makes the gifts so great in the long-haul. I just hope they are caring for themselves too.
Plus it sounds like this really could come down to a debate if money spent for the kids benefit is really lesser than money saved for the kids. I don't think that is so black and white. Could be an interesting discussion...
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