How would you react if your parents?

Question

Say you are 16 & you have a savings account. You (the kid), ur parents, and their parents (ur grandparents) all live in the same house. The house is owned by the grandparents. But the parents keep asking for money from their parents (your grandparents) for their internet, car insurance bill, taxes ECT. The father basically has no job. The mother works 5 days a week, & the grandparents are retired.
How would you feel if you were in this situtation as the 16 year old kid & your parents took all but $10 out of her savings account from her bank account??

Yes, I know parents can do this since the kid is under 18 but it kinda hurts that my parents didn't tell me at all that they were going to take my savings money out for their ONCE A MONTH bills. I mean come on now, it's their child's savings account.

How would u react if u were in this situation??

The ONLY way I knew about this was from a letter in the mail from my bank.

and the parents don't even have to pay rent!

ah these answers are good.
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my dad has the ~watch~ over the account & I talked to my mom about what happened + I showed her the letter they sent me in the mail & my mom said my dad came up with the idea to take the money out.

Answer 1

You are still young, but there has to be something you can do. Have you tried to call the bank and ask them what are your options? You may have the options of putting a security code on your account so that no one can withdrawal without your permission. Who set up the account? Who is putting the money in your account. You or your parents? If you are, you may want to hold on to it and put it somewhere else. It has to be something you can do, esp. if the account is solely in your name.

First thing, call the bank and tell them what the situation is and what you can do to stop it from happening.

Answer 2

I would set up a bank account with maybe your grandparents. This way all birthday money and gifts on holiday can be deposited into the account. Do not give your parents access to this account by having checks or an ATM card. Make it a SAVING ACCOUNT ONLY good for deposit. Then when you are 18 you can do with the money as you please. I would definitely tell them that your are disappointed in them for taking the money that would get you ahead in collage. Better yet ask them to pay for collage and if they don't then you can say well you stole what should of paid for it.

Answer 3

Unless there is a good reason the dad isn't working I would be more pissed about that. The parents should at least let the kid know what is going to happen, its the respectful thing to do, even if the parents put the money in to the savings. Parents tend to forget that kids are people too and that their kids deserve respect. What's done is done and the only thing now is to comfront the problem head on, and respectfully ask that in the future if that is to be done to please talk to you about it, that you don't mind helping out if need be, but to pay the way when there are 3 other adults in the house and one that isn't working is not exactly fair to your future. Good Luck

Answer 4

I am sorry that this happened to you. My father did this many years ago to my brother and he almost did it to my account.

From that day forward I never trusted my father again. Not that he was ever father-of-the-year material to begin with.

The only thing I can say is if you start another account you may be able to have one of your grandparents as the custodian. That or figure out a really good hiding place for your money until you are 18 and can sign on your own account.

Answer 5

I don't play the game. I say, "Wow! That's amazing that your baby has done so well!" and then move on to the next topic. Or every once in a while, if its a close friend, I let them gloat for a bit. I know how proud and amazed I am at my 4 month daughter. I thought she was the smartest person in the world last week when she reached out and took a toy out of my hand... twice! lol. Luckily, my husband and I get to gloat to each other all the time! We try to spare others. But I know how the urge can be to talk about your child.

Answer 6

Its a shame your folks are so irresponsible but frankly there is nothing you can do about it. I would tell them how you feel, sounds like they have been rescued from real life long enough and they should have to listen to the consequences of their actions. Trust goes two ways, they broke yours.

Do yourself a favor since you have such lousy role models. Work as hard as you can to get into college and get a degree in something that will make you employable. You can change the cycle of dysfunction that you have been raised in, if you want to. Then raise your own children differently. I'm sorry they did this to you, they shouldn't have.

Answer 7

You have a VERY tough situation and I am so sorry for you. You are getting a first hand look at horrible adult behavior. But, there is always hope.

You need to concentrate on YOU. You need to work very hard to get the best High School education you can get. I'd focus on academics and try to get my college plans firmed up. If college won't do it, I'd consider the military (non combat stuff). You need to get the "H" out of there after High School graduation.

Answer 8

Who put the money in the account? Do you have a job? If so get you own savings account without your parents. As far as the money goes it is gone. It sounds like you parents can't make it one there own. One piece of advise. Go to college and better yourself so you don't turn out like your parents.

Answer 9

My dad did the same thing to me. i was pissed for a long time, but I got over it, got a job and earned my own money.

Answer 10

i would tell the loser father to get a job! Unless he is not physically or mentally able to then there is no reason he shouldn't have one