Family, Relationships
ADVERTIsem*nT
Managing money and kids is a difficult task, particularly when the children are old enough to think they know how to make decisions. After all, investing, college funds, all quite boring in the face of instant gratification.
A man turned to the internet for advice after a marital disagreement on how he used his son’s “lottery winnings.” After going through a round of lottery tickets as a family, the one his son took won a considerable amount of money. So OP invested it and it ended up paying off. However, some believe he should just give the entire sum to the kid.
It’s questionable to give a teen a huge sum of money without any supervision
Image credits: Iain Watson (not the actual photo)
So one father was second-guessing his choice to invest the money his son “won”
Image credits: Julia M Cameron (not the actual photo)
ADVERTIsem*nT
ADVERTIsem*nT
Image credits: Mikhail Nilov (not the actual photo)
Poll Question
Thanks! Check out the results:
Newsletter
Subscribe to Access
Exclusive Polls
By entering your email and clicking Subscribe, you're agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Privacy Policy.
Thank you! You've successfully subscribed to newsletters!
You May Also Like
Woman Refuses To Chip In For Babysitting Because She Doesn’t Even Have Kids, Asks If She’s A Jerk
Do you think childless individuals should be expected to chip in for group babysitting costs during friend gatherings?
Take the Poll
17 Y.O. Is Done Sharing Her Birthday With Her Late Twin, Parents Are Not Having It
Do you think the girl should be allowed to celebrate her birthday without the remembrance of her deceased twin?
Take the Poll
See more polls »
Anyone can write on Bored Panda. Start writing!
Follow Bored Panda on Google News!
//=__('About the author', 'boredpanda')?>
Justin Sandberg
Follow
Justin Sandberg
Writer, BoredPanda staff
I am a writer at Bored Panda. Despite being born in the US, I ended up spending most of my life in Europe, from Latvia, Austria, and Georgia to finally settling in Lithuania. At Bored Panda, you’ll find me covering topics ranging from the cat meme of the day to red flags in the workplace and really anything else. In my free time, I enjoy hiking, beating other people at board games, cooking, good books, and bad films.
Read more »
//=__('About the author', 'boredpanda')?>
Viktorija Ošikaitė
Viktorija Ošikaitė
Author, BoredPanda staff
I'm a visual editor here at Bored Panda and I enjoy a good laugh. My work ranges from serious topics related to toxic work environments and relationship difficulties to humorous articles about online shopping fails and introvert memes. When I'm not at my work desk, checking if every single pixel is in the right place, I usually spend my free time playing board games, taking pictures, and watching documentaries
Read more »
Show All Contributors
You May Like
Ieva Pečiulytė
Justinas Keturka
Justinas Keturka
Popular on Bored Panda
Join the conversation
POST
The Starsong Princess The Starsong Princess Community Member Follow
YTA. Sam’s money is being risked but he doesn’t get to share in the gains. If Op has lost it all investing, would he have made it up? If Op wanted a share of the money, that should have been the deal from the beginning.
Vote comment up
46points
Vote comment down
reply
Krd Krd Community Member Follow
We are missing too much info here for that judgment. Average interest on savings is only a couple percent at most. If he truly almost doubled the money, that was some heavy investing. Actually kind of impressive.
Vote comment up
26points
Vote comment down
reply
Load More Replies...
Hphizzle Hphizzle Community Member Follow
If you’re a money manager you take a small percentage of the base amount as payment, maybe a bit of the interest. This yahoo sounds like he thinks if he grows the money, he gets the money. This is the kind of money handling that child stars emancipate themselves from their parents for.
Vote comment up
33points
Vote comment down
reply
VioletHunter VioletHunter Community Member Follow
The kid didn't earn the money though. It wasjust a lottery ticket dad bought.
Vote comment up
15points
Vote comment down
reply
Load More Replies...
Nizumi Nizumi Community Member Follow
I know a family that had the same kind of windfall. The kids - who were actually fully adult - each got $25K. One was already heavily in debt, so that 25K went to pay that off so they wouldn't be stuck swimming in debt and interest for years to come. That's fine - a good way to spend the money, Not fun - but necessary. The other ones blew through their shares in less than a year - trips, stuff, taking friends out. Nothing left and noting to show for it. OP did great. He invested well and not only did his family get a dream vacation (for her) a car and a college education, they also got a healthy safety net. OP's wife? Total a$$h*le. The only thing OP did wrong was how he phrased that the interest was *his*, when he meant the interest was not his son's - it's a nuance that matters.
Vote comment up
25points
Vote comment down
reply
Matthew Matthew Community Member Follow
I'd say they did well with handling the windfall financially. But they did poorly handling it socially.The up front decision should have been $25k for each son's education + $10k for family fun - then put that in three segregated investment accounts to avoid this type of sore feelings later.
Vote comment up
6points
Vote comment down
reply
Load More Replies...
Load More Comments
POST
The Starsong Princess The Starsong Princess Community Member Follow
YTA. Sam’s money is being risked but he doesn’t get to share in the gains. If Op has lost it all investing, would he have made it up? If Op wanted a share of the money, that should have been the deal from the beginning.
Vote comment up
46points
Vote comment down
reply
Krd Krd Community Member Follow
We are missing too much info here for that judgment. Average interest on savings is only a couple percent at most. If he truly almost doubled the money, that was some heavy investing. Actually kind of impressive.
Vote comment up
26points
Vote comment down
reply
Load More Replies...
Hphizzle Hphizzle Community Member Follow
If you’re a money manager you take a small percentage of the base amount as payment, maybe a bit of the interest. This yahoo sounds like he thinks if he grows the money, he gets the money. This is the kind of money handling that child stars emancipate themselves from their parents for.
Vote comment up
33points
Vote comment down
reply
VioletHunter VioletHunter Community Member Follow
The kid didn't earn the money though. It wasjust a lottery ticket dad bought.
Vote comment up
15points
Vote comment down
reply
Load More Replies...
Nizumi Nizumi Community Member Follow
I know a family that had the same kind of windfall. The kids - who were actually fully adult - each got $25K. One was already heavily in debt, so that 25K went to pay that off so they wouldn't be stuck swimming in debt and interest for years to come. That's fine - a good way to spend the money, Not fun - but necessary. The other ones blew through their shares in less than a year - trips, stuff, taking friends out. Nothing left and noting to show for it. OP did great. He invested well and not only did his family get a dream vacation (for her) a car and a college education, they also got a healthy safety net. OP's wife? Total a$$h*le. The only thing OP did wrong was how he phrased that the interest was *his*, when he meant the interest was not his son's - it's a nuance that matters.
Vote comment up
25points
Vote comment down
reply
Matthew Matthew Community Member Follow
I'd say they did well with handling the windfall financially. But they did poorly handling it socially.The up front decision should have been $25k for each son's education + $10k for family fun - then put that in three segregated investment accounts to avoid this type of sore feelings later.
Vote comment up
6points
Vote comment down
reply
Load More Replies...
Load More Comments
Popular on Bored Panda
Trending on Bored Panda
Newsletter
Stay Tuned to Your Favorite Categories
More categories Subscription arrow right
Thank you! You've successfully subscribed to newsletters!
By entering your email and clicking Subscribe, you're agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.
Also on Bored Panda
