She Needs Money To Fund Her Wedding And Wants To Spend Her College Fund, Is She Right?
A Reddit user says she and her husband started contributing to college funds each time they learned they were pregnant. Their eldest child got pregnant and ended up dropping out of high school. However, the eldest kid learned about the college fund and wants to use it for a wedding.
Mom Hopes Her Daugther Would Return To School
The original poster (OP) and her husband never told their kids about the college fund because they thought it was only necessary once they started applying.
As for their oldest daughter, OP and her husband hoped their daughter would return to high school to graduate. But their daughter doesn’t have plans to.
You Might Also Like: Good Paying Jobs Without a College Degree
The Daugther And Boyfriend Are Struggling Financially
The boyfriend and OP’s daughter are engaged and expecting their second child. The two would like to get married. However, they can’t afford a wedding due to their financial situation and the market.
Also, OP’s daughter cannot get a job since she doesn’t have a diploma. So, in the meantime, OP and her husband have been loaning them money.
She Learns About The College Fund
Another one of OP’s children got accepted into college. And after OP’s eldest asked her sibling how she would fund it, she learned about their parent’s college fund.
OP’s eldest asked if she had a college fund, and OP confirmed she did. The eldest daughter was ecstatic because she wanted to use the money to pay for their wedding.
You Might Also Like: 7 Best Money-Saving Tips To Pay for College
She Could Have The Money Only If She Went Back To School
OP told her daughter she could only have the money if she returned to school. And whatever is left over, her daughter would be free to use however she liked.
OP’s daughter got angry, saying it was “her money.” But OP responded, saying it was “MY money” and that were her conditions.
Now, the fiance’s family pesters OP and her husband for their unwillingness to give their daughter. They say the money will all go to waste if she doesn’t use it and that they’re setting up their daughter for failure.
You Might Also Like: 10 Benefits of Going To Community College
The Reddit Community Chimes In
A Reddit user says OP’s daughter was initially unaware of the college fund and was happy with her relationship until she found out about it.
The user recommends that OP and her daughter find a compromise. For instance, the daughter can get her GED and then attend a few years at a community college or a trade school, graduating with an associate’s degree.
This recommendation will solve OP’s desire for her daughter to return to school, position her to get a job, and then have leftover money for a wedding.
Is OP wrong for not wanting to give her daughter the college fund for non-education reasons? Is OP’s daughter wrong for yelling at her mom and calling it “her money”? And does the fiance’s family have any business pestering OP and her husband about the money they set aside for their kids?
This article was produced and syndicated by Parent Portfolio.
REAL ESTATE EBOOK BUNDLE FOR BEGINNERS
Siblings Ernie and Addie embark on a delightful journey to purchase their dream board game. However, they soon realize that they don’t have enough money to buy it right away. With the guidance of their parents, they learn the power of saving.
Kids Can Learn Through Storytelling:
- The power of saving and the importance of financial literacy
- The joy of delayed gratification and the rewards of responsible money management
- Tools to teach young readers about the value of setting financial goals