A mother and father have devoted years to carefully saving nearly $200,000 for their daughter’s college education, hoping to provide her with a secure future. But now, as their daughter stands on the brink of adulthood, she reveals a desire to carve her own path—one that doesn’t include immediate college—and asks for the money to fund her new ambitions.
Caught between honoring their daughter’s independence and safeguarding the dreams they’ve invested in, the parents grapple with a painful dilemma. The daughter feels entitled to the funds as her own, while the parents hold firm, determined to protect a future they once envisioned but may no longer come to be.
AITAH for not giving my daughter her college fund money?
A mother and father saved two hundred thousand dollars over seventeen years for their daughter’s college education. They wanted to make sure she could start her adult life without any debt.
The daughter decided not to go to college right away and instead asked for the money to buy a new car. The parents said no, which caused a conflict about who should control the savings.
Financial expert Dave Ramsey says that giving a large amount of money to someone who is not ready for it is a bad idea. In this case, the daughter wants to spend a huge sum on a car that will lose value quickly. The parents are being responsible by keeping the money safe for her future.
The daughter feels she has a right to the money, but she does not yet understand how to manage such a large amount. Giving a young person two hundred thousand dollars without a plan can lead to poor choices and the loss of the entire fund. The parents are right to set boundaries to protect their daughter’s future.
The parents made the right choice by saying no to the request. I recommend that they keep the money in the account until the daughter has a mature plan for her life. They could help her find a job to save for her own car while the college fund stays ready for her education.
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It was meant for educational purposes, not for her to go on a shopping spree.
The mother wants to keep the savings for her daughter’s future education, but the daughter thinks she should have the money now for her own needs. This creates a disagreement over whether the money is a gift for a specific purpose or a fund that the daughter can use however she likes.
Should parents keep control of a college fund to ensure it is used for school? Or should the money be given to the child to spend on whatever they want as soon as they are old enough?
