dd 18 expecting trust fund!

[loubieloo]

Hi All

Geez what is it with teenagers? dd (18) actually asked us earlier if we had a trust fund for her I honestly thought I had brought her up with A) more manners & B) not to be so bloody cheeky!

I was that shocked I just laughed, to which she was miffed at, apparently all of her friends parents have one for each of their children. We don't have a trust fund for them, but if we did I would not be giving it to them until at least 21. We have instead of a trust fund decided many years ago that we would help them with a deposit for a house or moving costs if renting plus things for the actual home such as carpets etc.

I am a bit cross to be honest, we have taken them on holidays all over the world, they have never wanted for anything growing up (tv's, xbox's, latest trainers) we have also paid for dd's driving lessons, first adult passport, trip abroad with school including to Mexico! we also offered to buy her a car which she didn't want. We still pay her phone contract and don't ask for ant keep from her job. Why is it never enough

[daytonababe]

Mine don't have trust funds and as far as I'm aware non of their "best " friends do.

My eldest is 19 later this year, We paid for all her driving lessons, her first car and first year insurance and we will do the same for the youngest in 2 years time. Some of their friends never got any help at all.

We also pay for mobiles etc though the eldest will pay all hers from Sept when she starts her first job.

Like yours mine have had many holidays abroad often two a year, have the latest trainers etc etc ... In truth they have far more than many of their friends.

And I'm sure we will help with house deposits in the future if needed.

[sammykitten]

Originally Posted by loubieloo

Hi All

Geez what is it with teenagers? dd (18) actually asked us earlier if we had a trust fund for her I honestly thought I had brought her up with A) more manners & B) not to be so bloody cheeky!

I was that shocked I just laughed, to which she was miffed at, apparently all of her friends parents have one for each of their children. We don't have a trust fund for them, but if we did I would not be giving it to them until at least 21. We have instead of a trust fund decided many years ago that we would help them with a deposit for a house or moving costs if renting plus things for the actual home such as carpets etc.

I am a bit cross to be honest, we have taken them on holidays all over the world, they have never wanted for anything growing up (tv's, xbox's, latest trainers)
we have also paid for dd's driving lessons, first adult passport, trip abroad with school including to Mexico! we also offered to buy her a car which she didn't want. We still pay her phone contract and don't ask for ant keep from her job. Why is it never enough

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I think you've answered your own question there .

I would have burst out laughing very loudly if my DD had asked me the same question, and I probably wouldn't have been able to stop for quite some time .

[vanlou]

Originally Posted by daytonababe

Mine don't have trust funds and as far as I'm aware non of their "best " friends do.

My eldest is 19 later this year, We paid for all her driving lessons, her first car and first year insurance and we will do the same for the youngest in 2 years time. Some of their friends never got any help at all.

We also pay for mobiles etc though the eldest will pay all hers from Sept when she starts her first job.

Like yours mine have had many holidays abroad often two a year, have the latest trainers etc etc ... In truth they have far more than many of their friends.

And I'm sure we will help with house deposits in the future if needed.

See more...

You sound exactly like us

I don't know anyone who's children have a trust fund I would have laughed hysterically if eldest had said that to us.
Perhaps we move in the wrong circles

[loves2plan]

We have a small savings account for both of ours which will have a couple of thousand in by the time they're 18 for use towards something to help them in their young adult life like driving lessons, car etc. They get holidays, their phone (£10pm Tesco deal), clothes (not designer as they're not interested) etc, but have never had pocket money. Dd15 is now doing part time work for our business and is enjoying earning her own money, but ds14 isn't bothered. He never seems to want money for anything and just saves birthday and Christmas money. First off he saved for a laptop and now he's saving for a deposit on his first house!

I thought a trust fund was a large amount of money that you could afford to live off and not work if you chose? Don't know anyone with one of them!

[soooexcited!]

I started a monthly savings fund for both of my two when they were born. Neither know they have them and I won't be telling them either. They only get any of it at 21, 18 too young for me. It's not a lot but it was meant to help a bit for a car or uni not to blow. I have it in my name and if they won't spend it wisely they don't get it simple.

[scoobydooby]

I have an 18 year old. He hasn't got a Trust Fund and I am certain none of his friends have either! I have got savings for his Uni which will cover his accommodation for three years but that's it.

[Excited6910]

I've got savings for my 3 but I wouldn't call it a trust fund. We will decide when its best to give it to them. Be it for a car, deposit on rent, towards a deposit for a mortgage etc.

I don know anyone who has set their kids up with a trust fund either

[scoobydooby]

I did buy mine his car as well. Small. Basic. Brand new. Don't ever ask for a lift again and ferry your sister around for me was the deal!

[2waterford]

Living in Ireland we dont have a student loan system, so sending my four to uni will be their trust fund 😜