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latinoguy19

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No. They have a right to advise, but not to explicitly tell you what to do. You earned your own money. They should let it be.
 
You don't live with your parents, right? So why should they have any say in these decisions? It might be a good idea to take their advice into account, but unless you made some sort of arrangement with them beforehand, the money is yours to do with as you see fit.

Lex
 
The "basically" through me off in your initial post. Does that mean your parents are in some way supporting you or were you just eluding to your grandmother's help? Are your parents paying for anything like college right now? Absent them helping you out financially somehow, I don't think they have a right. They do have the right to advise your grandmother not to give you money, but that's ultimately her decision. If this is just a case of the parents who won't let their kids grow up and be responsible, then you need to have a serious talk with them.
 
Unless you're a minor (at which case you shouldn't be here) or the money is in a special account that your parents haven't transferred over to you, then no, they can't force you to not spend your money. They can advise you, and you can take their advice, but you don't have to.
 
well time to become your own person (MAN) and not let your parents run your life
 
At the heart of their concern there is some sensible advice.

If you've saved quite a bit of money then you should have the bulk of your capital on term deposit or in a high-interest account. Have the interest paid into your checking account. Your parents canhave no argument with you spending the ineterst as long as you leave the principal intact. If, every time you have saved $500 in your current account you lock it up in a secure interest bearing account then your financial security will be assured.
 
Based on your most recent post, I would say they really don't have any right to tell you what to do with the your money. I'm sure they think they know what's best for you, but they really need to let you make your own decisions. You sound like a pretty smart guy and I would hope you wouldn't just blow all the money you have saved. Is there something particular you want to spend the money on that your parents don't approve of?
 
I don't think parents have any right to tell their kids how to spend their own money once they are financially independant... I've had my own business since I was 15, and was never told how to spend a penny of my money... that's probably because I have 100 times the money managment skills my parents do, but we won't go there.
 
this reminds me of this ... when I was I dunno, 8 or so, my grandma gave me 3 roubles. I was in Russia so that's Russian money.

She specified that the money was mine, but she kept the money. I wanted to buy gum. She said no. I asked if it was my money, as in mine to do whatever I pleased with it, and she said yes. I said can I buy gum and she said no.

I ended up asking for a rouble from my grandpa who gave it to me and I went and got a brain teaser toy. Or maybe it was a iron-on sticker for a tshirt.

The lesson here ? I dunno. Parents try to control your life if you let them to. I say if you give a kid 3 dollars and tell him it's HIS and he wants to spend it on something, even if you think it's stupid, let him. If you want to point something out later like a life lesson, you can. And if a kid earns his own money, let him spend it as he wants. But an advice is always good. Just saying "no" is not enough information.
 
If you agree never to ask your parents for a dime because you piss your money away on something stupid, then I think your a baby la-la to allow them to dictate what you can or can't do.

Since I get the feeling that you are not being entirely up front with everyone about the level of parental support you receive, then I fully support them telling you how you should spend your money.
 
rareboy said:
If you agree never to ask your parents for a dime because you piss your money away on something stupid, then I think your a baby la-la to allow them to dictate what you can or can't do.

Since I get the feeling that you are not being entirely up front with everyone about the level of parental support you receive, then I fully support them telling you how you should spend your money.
Click to expand...

Got nothing nice to say?

Hunny, the money is yours, from a moral stand point if it is money they have given you then it might be worth listening to them, if its money you have saved from a job then no you owe them nothing and in fact none of their business how you spend it.

Sounds like you might have quite overbearing parents who are not ready for you to live your own life yet, but so long as the money is yours to spend, spend it how you need.

Dont worry if you still feel like your parents run your life, I'm in that boat myself, clawing my way to my own life, im getting there, you will too.
 
Let them catch you strokin' off. *|* That will probably keep them quiet for awhile....


Jus' kiddin'.......Your money your choice.
 
I think the other people have it spot on. It's your money, you can do what you want with it. Hopefully, you spend/invest it wisely.
 
Depends what you are wanting to spend your money I suppose. Just don't squander it on material items that will only depreciate. Sounds like you have a fair bit of money saved up, take the Aucklanders (Jaffas) advice and invest it, save it, anything that you will thank yourself for in 10 years.
 
Being cheap is going to help you become far more successful than your parents, but if you don't indulge every once in a while, then why save it in the first place?
 
Go enjoy yourself on a fun trip! Based upon what you have said, I really don't understand why you would even consult them about how you spend your money.
 
Go. Have a good time. Send them a postcard. They can prepay for the stamp if they'd like. :)

Lex
 
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