Dad Tells Entitled Daughter To Kiss Her College Fund Goodbye After She Took Money From There To Fund Convention
Due to the high cost, it has become increasingly challenging for parents in this era to send their children to the best universities. Most of parents begin setting money aside for college fund when their children are young so that they can utilize it when the time comes. However, this fund cannot be used for anything other than education.
A similar scenario was told by OP, who blocked his daughter’s college fund account after she took some money out to travel to Australia for a convention. At seventeen, OP’s daughter began the process of applying to colleges. Since her birth, OP and his wife have been contributing to a college fund for her. Over the years, the fund has received sufficient funding from family contributions and his daughter’s savings. For years, OP’s daughter and her girlfriend had planned to attend a convention, so she took $10,000 out of the account to pay for them. To find out how OP responded to her daughter’s action, read the complete story.
Source: Reddit
1. OP asks if he was wrong to tell his daughter to say goodbye to her remaining college fund.
2. OP’s daughter was applying to colleges, and her parents saved up a college fund for her since she was an infant, and it grew with family donations and his daughter’s saving.
3. OP and his wife clearly told her that the money in the college fund is solely for her education and she shouldn’t add her savings to the same account, but she did it.
4. OP’s daughter’s friend lived in Australia, and they both wanted to go on convention for many years.
5. OP’s daughter asked him to give permission to go, but OP refused. But he couldn’t force her to stay because she would be 18 before the event.
6. OP’s daughter used her savings and an additional sum from her college fund to cover her vacation expenses.
7. OP’s daughter took $10,000 from her account, and OP got furious, but she stuck to her plan for having a once-in-a-lifetime experience.
8. OP believed that his daughter’s behavior showed her inability to handle the money and got disappointed.
9. OP locked her college fund account and told her to say goodbye to it. OP’s daughter promised him to pay it back, but OP didn’t believe it.
10. OP’s wife objected to her husband’s harshness because half was her own savings and the other half she had promised to repay.
11. OP believes that his decision is right, but others criticize him.
OP forbid her daughter from using the college fund for any other reason, but she did spend the money on travel and convention tickets. OP became enraged and closed the account, informing her that she could no longer access the remaining education fund. OP’s wife told him that his judgment was excessively harsh because the money she took was half of her personal savings, and the other half she promised to repay shortly. OP believed that his decision was correct, and she should not have taken the money without his permission.
Now that you’ve heard the story, let’s dive into what Redditors had to say. Keep reading to discover other people’s perspectives on the matter.
12. Redditor is in support of restricting OP’s daughter’s access to the account, but it should be saved for her education only.
13. Yes, there may be some tax penalties for taking out the college fund for other purposes.
14. Redditor thinks that OP should save the money in a savings account to gain more benefits.
15. Redditor disapproves of OP’s strategy, which will lose the chance to get some profit.
16. Redditor disagrees with OP for not giving money for her daughter’s education; instead, he should only block her access to the account and spend himself for her.
17. Yes, there can be another way to settle the matter instead of ruining the father-daughter relationship.
18. According to Redditor, OP’s daughter’s girlfriend may be her romantic partner.
19. Redditor wants OP to think about the true goal of sending her daughter to college and work accordingly.
20. Redditor supports OP’s daughter for saving $5000 at the age of 17 and wants him to let her pay back the other amount she took from the college fund.
OP should not penalize her daughter by taking away all of her education cash; instead, he should just deny her access and use the money himself at the time of her admittance. He should explain to her daughter the importance of finishing college and convince her to achieve her ambitions. She made a mistake by spending the fund on a convention, but OP should forgive her if she repays her father the entire amount. OP’s daughter is a sensible child, since saving $5,000 by a 17-year-old girl is outstanding. What do you think about it? Share your ideas in the comments below, and stay tuned to Wholesomeness for more stories.
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