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General Parenting
Do You Think This is Over-Stepping ?
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<blockquote data-quote="keista" data-source="post: 466757" data-attributes="member: 11965"><p>First, I'd be livid. That BA really needs a talking to. SHOULD have gotten run by you first, no ifs, ands or buts!</p><p></p><p>Second, after I'd calmed down, I'd say "go for it kid!" The custodial account is still not to be touched, and MUST be contributed to. MINIMUM 10% (that's the gold standard for saving) If it turns out she needs your signature to open the account, you are in luck and can exercise more control by upping the required savings percentage - or else no signature. </p><p></p><p>After that, let her learn by trial and error the level of responsibility this takes. I seriously wish my dad had done this. When I started working, he put my whole check in savings, and I got an "allowance" from it . May have been a 50/50 split - I don't remember. This taught me NOTHING I was not in control of contributing to savings, so I didn't learn that self discipline, I was resentful that he "took" my whole check, and in general I was and remained irresponsible with money. She's gonna have to learn sometime. Just make sure that if she overdraws HER account that it does not affect you in any way. She must learn the bite of overdraft fees and such.</p></blockquote><p></p>
[QUOTE="keista, post: 466757, member: 11965"] First, I'd be livid. That BA really needs a talking to. SHOULD have gotten run by you first, no ifs, ands or buts! Second, after I'd calmed down, I'd say "go for it kid!" The custodial account is still not to be touched, and MUST be contributed to. MINIMUM 10% (that's the gold standard for saving) If it turns out she needs your signature to open the account, you are in luck and can exercise more control by upping the required savings percentage - or else no signature. After that, let her learn by trial and error the level of responsibility this takes. I seriously wish my dad had done this. When I started working, he put my whole check in savings, and I got an "allowance" from it . May have been a 50/50 split - I don't remember. This taught me NOTHING I was not in control of contributing to savings, so I didn't learn that self discipline, I was resentful that he "took" my whole check, and in general I was and remained irresponsible with money. She's gonna have to learn sometime. Just make sure that if she overdraws HER account that it does not affect you in any way. She must learn the bite of overdraft fees and such. [/QUOTE]
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Do You Think This is Over-Stepping ?
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