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Mrs213
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Member since 2/09 18986 total posts
Name:
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Your child's saving account?
We haven't had to yet, but I put $10 a week into her account and if I needed it for something for her I would use it. I'm hoping we won't need to though...
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Posted 8/6/14 6:48 PM  |
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Re: Your child's saving account?
Posted by Paramount
Posted by ourhappysurprise2012
I feel so sick about the fact that we have needed money for neccessities and have had to take some out. I plan on repaying him but it makes me feel so terrible.
DONT! If its something he needs and the money is there. And you NEED the money then don't feel guilty at all.
If you are having financial problems that money is there for the welfare of your child.
If you took it out to go on a vacation I would say maybe that's nit right.
but if you are having some financial problems and the only way your DC will get some cloths for school is to take the money out, then you did nothing wrong.
Thanks...I feel like a failure sometimes that I need to "borrow" his money - we had our first baby andmoved into our first house literally on the same weekend - not much time to adjust to our new financial situation!! 
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| Posted 8/6/14 6:51 PM |
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Millie3
LIF Adult
Member since 7/13 1280 total posts
Name:
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Re: Your child's saving account?
Any money put away is yours until you hand it over  Don't feel guilty at all, you know where the money is needed
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| Posted 8/6/14 7:13 PM |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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Your child's saving account?
Friends and family expect us to buy things for dd with money they give us. At the moment she hasn't needed anything but if there is something she needs I wouldn't blink in taking the money out. We have a college fund for dd that we contribute to as does her grandparents. My brother gave us a check and specifically said that's for
college so it went into the college account. Her savings account is money people have given us and they expected us to buy something for her.
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| Posted 8/6/14 9:47 PM |
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ChristinaM128
LIF Adult
Member since 8/12 4043 total posts
Name:
Christina
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Re: Your child's saving account?
I haven't yet, but being that I intend to (hopefully!) pay for her college anyways, should I need to take out a little now to pay for an incidental expense for her, I would not feel guilty.
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| Posted 8/6/14 10:43 PM |
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teachermom
LIF Adolescent
Member since 8/11 843 total posts
Name:
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Re: Your child's saving account?
We have always put every cent that was given to her in her account and haven't taken anything out nor do we plan on it. Nobody saved anything for me (other than bonds that were gifts) and when my dd is older, I want her to have the gifts people gave her. I save the cards for her too. We also put money in her account.
To the OP, I don't think you should feel guilty, people do what they need to. It's like you are getting your hair done with the money.
Message edited 8/6/2014 10:50:09 PM.
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| Posted 8/6/14 10:47 PM |
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KangaMom
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Member since 1/06 4593 total posts
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Re: Your child's saving account?
Never, that is their money not ours... If they need anything we pay for it.
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| Posted 8/7/14 9:13 AM |
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MrsPenthouse
LIF Adult
Member since 11/10 924 total posts
Name:
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Re: Your child's saving account?
Posted by ourhappysurprise2012
Posted by Paramount
Posted by ourhappysurprise2012
I feel so sick about the fact that we have needed money for neccessities and have had to take some out. I plan on repaying him but it makes me feel so terrible.
DONT! If its something he needs and the money is there. And you NEED the money then don't feel guilty at all.
If you are having financial problems that money is there for the welfare of your child.
If you took it out to go on a vacation I would say maybe that's nit right.
but if you are having some financial problems and the only way your DC will get some cloths for school is to take the money out, then you did nothing wrong.
Thanks...I feel like a failure sometimes that I need to "borrow" his money - we had our first baby andmoved into our first house literally on the same weekend - not much time to adjust to our new financial situation!!
You are NOT a failure- your child is fed, happy and now, clothed  I'm sure when you can, you'll reimburse it. Whoever gifted that money will be happy it was spent on something for him when he needed it- no harm, no foul.
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| Posted 8/7/14 11:01 AM |
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mnmsoinlove
Mommy to 2 sweet girls!
Member since 3/09 8585 total posts
Name:
Melissa
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Re: Your child's saving account?
No we don't take from their savings account. We contribute to it weekly and all their gift money goes into it.
I wouldn't feel guilty withdrawing from it if it was for something they needed though. You can always put it back at a later date if you want to. You are taking care of your son and that's all the matters.
Message edited 8/7/2014 11:51:19 AM.
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| Posted 8/7/14 11:49 AM |
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NervousNell
Just another chapter in life..
Member since 11/09 54921 total posts
Name:
..being a mommy and being a wife!
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Re: Your child's saving account?
No.
I mean sometimes FIL will write me a check and say, buy her something for Easter with this (he has a hard time getting out and never knows what to buy her). Even then I usually just throw it in her bank account. Because she really does NOT need any more toys etc.
Clothes, I guess.... but I just buy her clothes out of our household money. I don't spend a ton on her clothes anyway
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| Posted 8/7/14 12:04 PM |
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