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Say your eleven year old son or daughter, for whatever reason, legitimately came into two grand in cash; would you allow him or her to keep it and spend it as they please, or would you insist that they put it in the bank, while you moderated how it was spent?
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Tony Marino
Cheaps
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Chris
15 posters
If your child came into a lot of money, would you let him keep it?
Chris- Chamber Admin.
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If your child came into a lot of money, would you let him keep it?
by Chris Mon Feb 06, 2012 12:14 pm
Shale- ...is a Chamber Royal.
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Re: If your child came into a lot of money, would you let him keep it?
by Shale Mon Feb 06, 2012 12:23 pm
That kind of money goes into a bank with controls until the kid turns 18. No way does a kid have more than $20 on his person out in the community - and even then there is risk he would be killed for that.
CeCe- …is a Chamber DEITY.
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Re: If your child came into a lot of money, would you let him keep it?
by CeCe Mon Feb 06, 2012 12:29 pm
Shale wrote:That kind of money goes into a bank with controls until the kid turns 18. No way does a kid have more than $20 on his person out in the community - and even then there is risk he would be killed for that.
or even less. 
Forgiveness Man- …is a Chamber Royal.
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Re: If your child came into a lot of money, would you let him keep it?
by Forgiveness Man Mon Feb 06, 2012 1:14 pm
I'd let them keep a small portion of it but I'd make them put most of it away. They'd likely be too young to spend it intelligently and I would not want them to blow it all on youthful whims. Losing it would be a lesson learned, but at that age, it'd come at the price of their future. I would NOT spend it on myself but I'd make sure they saved most of it.
Last edited by Forgiveness Man on Mon Feb 06, 2012 1:33 pm; edited 1 time in total
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Re: If your child came into a lot of money, would you let him keep it?
by Supernova Mon Feb 06, 2012 1:22 pm
It would not go into the bank but most of it would go away into an account and build interest while they grew up and became mature enough to use it. When we were kids, our big money went into our own banks at home, so I'd let them keep out a couple hundred for those savings and maybe $100 to spend.
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Re: If your child came into a lot of money, would you let him keep it?
by Bluesmama Mon Feb 06, 2012 1:46 pm
Two-grand is way too much for a child to spend freely. I would give him/her a small portion of it to spend, with the rest getting deposited.
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Re: If your child came into a lot of money, would you let him keep it?
by Nystyle709 Mon Feb 06, 2012 2:00 pm
I'll give him about 100 bucks, then the rest is going into his college fund.
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Re: If your child came into a lot of money, would you let him keep it?
by Alan Smithee Mon Feb 06, 2012 3:02 pm
Basically co-sign evryone else.
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Re: If your child came into a lot of money, would you let him keep it?
by Marc™ Mon Feb 06, 2012 11:48 pm
No. A kid that young can't be trusted with that much money. It would go into a saving account and on occasion, maybe I'd take withdraw small increments of it for them to have as spending money.
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Re: If your child came into a lot of money, would you let him keep it?
by Cheaps Tue Feb 07, 2012 3:48 am
Alan Smithee wrote:Basically co-sign evryone else.
Tony Marino- …is a Global Moderator.
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Re: If your child came into a lot of money, would you let him keep it?
by Tony Marino Tue Feb 07, 2012 1:37 pm
The bank until the kid is old enough to spend it on his/her own.
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Re: If your child came into a lot of money, would you let him keep it?
by CatEyes10736 Tue Feb 07, 2012 7:37 pm
The bank. I'd maybe withdraw $300-$500 to sporadically give to her here and there, but the rest is going in her trust fund.
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Re: If your child came into a lot of money, would you let him keep it?
by captainbryce Tue Feb 07, 2012 8:27 pm
Option B
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Re: If your child came into a lot of money, would you let him keep it?
by RedBedroom Wed Feb 08, 2012 3:37 pm
That amount would go in the bank for sure.
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Re: If your child came into a lot of money, would you let him keep it?
by Rainmaker Wed Feb 08, 2012 10:48 pm
He could have $500 of it spread out. The rest goes into the bank.
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