Parents giving kids college money should be like the GVT "giving" colleges money, it comes with strings attached.
I bet SHE worked very hard to save 30K
I’m with the parents.
I wish more parents would do this...they should also be cut right out of the will if they develop any ‘progressive’ tendencies during their life.
Smart parents help. Stupid parents entitle.
wy69
My parents let me stay home rent-free, that was their assistance.
I did the same with my now 30’s and 40’s adult kids.
An excellent pattern, kids are all doing well.
Good grief! My husband and I set aside money for college for our kids, but they knew they weren’t going to get it if they didn’t go to college. My younger son is finishing up college now, my older learned a trade and is very successful. We opted to use what would have been college funds to buy a house that he rents and is renovating. He and his fiancé pare saving up to buy the house from us next year.
Seems like a pretty crappy thing to do to your own kid. If the boyfriend was a certain persuasion then i guess i can understand disinheriting her.
What were her grades at the time? Was she goofing off, coasting or worse, and her grades in the toilet? If so, her “college fund” was a joke. So Dad showed some stones and gave her a little shock therapy.
As *Charlie “Tremendous” Jones said in one of his books, “The trouble with the American family is that Poppa won’t pop!” Well, in this case, Poppa DID pop; and showed little Tootsie who was boss.
The fact that there WAS a college fund to the tune of $30K tells me that Dad is a good Dad, and intended for Tootsie to have Easy Street while doing college. But Tootsie did something that broke the pact. So instead of pleading for Tootsie to shape up and do right, he just made an executive decision. More power to him. May his tribe increase.
*Charles “Tremendous” Jones was an insurance broker and motivational speaker from Harrisburg, PA area. He’s now in Heaven.
Its their money. They can do what they want.
At first glance, it sounded like an episode of “Married With Children.”
$30,000 for a kitchen remodel?
They got off cheap.
So the father has saved $30,000.00 for education needs.
Daughter informs father she is quitting school, moves in with boyfriend.
Father tells daughter that he will be using HIS money for other purposes, as she is quitting school and moving in with boyfriend AGAINST his advice.
Daughter proceeds to do what she wants to do.
Father proceeds to do what he wants to do. What he spends HIS freed-up money on is irrelevant.
I’m sorry, what was the question?
By the principles of individual freedom, and the right of individuals to have their own hierarchy of values, and to be free to use their own resources as they see fit, and the daughter’s refusal to consider the wishes of the parents,
the parents’ decision to remodel their kitchen with the money set aside for Jane’s college tuition can be seen as an exercise of their freedom and a prioritization of their own desires over Jane’s future plans.
What I find stupid is the fact that this story even had to ask the question, were her parents right?
We’ve gone pretty far down the rabbit hole for this to even be a subject of discussion.
my husbands' parents did nothing for their kids as far as buying a first car, helping and encouraging college, or even paying for weddings....infact, my husband had a little money put aside that he solely contributed to but was a joint acct with his mother and she wouldn't even let him use it for college....
resentment is something not to take lightly....
girl should get her own college degree, get married and tell the parents to go enjoy their new kitchen and NOT their grandchildren....
I'm sorry but this story strikes me wrong...
People always talk about parents re: what their kids “need”. When the blazes do these kids ever end up helping their PARENTS (exactly as God intsructs in 1 Timothy 5:4)? All through life, even into older age, they show up for the money trough. I’ve seen it over and over. They and their college degrees are spiritually worthless.
The parents are behind in their retirement goals; and a kitchen remodel is not a pleasure boat or a luxury car—it’s an investment in the resale value of their property. The daughter has already shown herself to be ungrateful. The parents’ choices would be to martyr themselves and get second jobs in case she wants to go back to school, or stick by their stated “contract” that she chose to forfeit the money.
I think the latter is the better parenting. If she’s independent enough to live wioth a guy unmarried and work for his family’s business, she’s independent enough to work out her own finances. She has already thumbed her nose at her parents’ values.
It’s a hard road back. She should be grateful this lesson came early enough for her to revise her entitled expectations.
I hope her parents have a nice retirement. Having a remodeled kitchen will help them to prepare decent meals at home.
The daughter can run back to her boyfriend and have him provide for her. Good luck with that.
This is near and dear to my heart. Short story is we followed our son and his new wife to Florida where we were blessed with grandchildren. They were over here all the time. A couple years ago my son tells his mother that his wife is done with us and they never want us in their lives again. This past Christmas was really tough on her. Anyway, I told him on the phone that afternoon if you want this, that is fine but you just cost you at least 500k. Have a nice day.
House and property going to my Church. LMPO :)
E.A.G.L.E.S EAGLES!!
So .... where's the beef?