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aftf_bg t1_jaf25qb wrote
Reply to comment by Muhjigger11998823 in Which is wiser: put money to child's account so that they can access it when they are 21+, or save the money the parents' own account and give it to them when they need it? by [deleted]
Once they would be 21, they would have full control of it. The question is, how would I know that they would spend it in a smart way. We were all 21 once, and most of us were not that smart back then.
aftf_bg t1_jaf2j36 wrote
Reply to comment by Life_Muffin_9943 in Which is wiser: put money to child's account so that they can access it when they are 21+, or save the money the parents' own account and give it to them when they need it? by [deleted]
Makes sense. But I was just thinking that it also makes sense that the child goes and unnecessarily buys an expensive car and blows it all. So a bit of a dilemma.