My parents pulled all the money from mine and my brother's bank accounts just to get a house?My parents wanted their fantasies become a reality by getting a new home which they've wanted, which I perfectly understand, but they've pushed it too far that they don't even understand the consequences. I'm only 16 and my brother is 17, and he's going to be graduating from high school real... |
Since your brother and you are both minors, and neither of you work, that money had to come from your parents, mostly. So it's technically their money. Your parents are on the account because legally you can't have an account until you're an adult.
I had to pay for all my own driving lessons -- it cost a lot of money. I worked and paid for it myself. I worked and put myself through university. Now I work a minimum wage job (that I love) and I own a house outright. My parents didn't drive me anywhere -- I lived away from home for most of high school, I had to manage on my own. It isn't your parent's job to pay for university -- it was their job to feed, clothe, and shelter you, and take care of your health. Nothing more. You are old enough to get a job. If you have a bike, ride it to work. Or get public transport. That's what I did. And when the buses didn't run, I walked a half hour to my job in the dark in the early hours of the morning to clean revolting night club toilets, and then I walked back. You just do it. If you really value going to university, you just make these sacrifices.
What might seem like a lot of money may actually not be. How much was your parent's property? How much did they borrow? You do realise that it may actually be cheaper for them to buy this house than rent. In fact, depending on tax laws where you live, it may be cheaper in the long run to buy this house, pay it down, and then sell it and downsize than continue to live in their current house and save for their retirement.
You are going to get a job like everyone else and pay for college yourself. That is what normal people do. By the time you're at college, you'll be an adult. Pay for it yourself. That is what adults do. Look everywhere -- retail is okay, but to get experience try volunteering in a op shop (charity second hand store, like St Vincent de Paul or something) for work experience. Then you can say you have retail experience, and that will help you get a job.
Your parents are allowed to spend their money any way they like -- and that money in your account? It doesn't matter. It wasn't really yours to begin with. Their job is to keep a roof over your head. What they spend the money on is none of your business. When you turn 18, just get their names taken off the account. And don't judge your parents by what they say in a moment of anger -- that is ridiculous.
Just stop relying on your parents. They have their own lives. Just be happy the keep a roof over your head and provide for your necessities -- it is more than a lot of us get. :)
Very few people have 10k a year to pay for school. There are loans , all you do is fill out a fafsa form. You will need parents w2 forms when time comes. High school guidance counselor can explain this process. First 2 years go to community college to get all the gen eds done. Typically this is under 3k a year. You can take a loan or pay on your own with a job. Then transfer to a state school for remaining 2 years. Typically about 10 to 15k a year. Loans for this.
Do not major in liberal arts or crap that won't get you a job. Try health care, engineering, . Stay away from psychology, English, art etc. With a good major you will graduate with a 40k or more salary and will pay back your 20 to 30k loan fast
Fast food is always hiring. Once u get a job you can even ask a coworker with same schedule to drive u for 25 or so a week. They will jump at this chance. They get extra money and you save on all car maintenance and responsibilities
Where did the funds in those bank accounts come from? Did you and your brother actually contribute anything to them?
In any event, you are minors and your parents have control of the bank accounts. They can pull the money out and there isn't anything you can do about it.
if it was your bank account they shouldn`t be allowed to take the money after your 15 years you can get an
account with there concent & before that you can get one with them but they would not be able to touch the
money if they took without telli ng you call police & tell them what`s been going on they may be able to help
or still under 18 children`s services can help
As long as you are a minor ( Under 18 ), there is nothing you can do.
If these were college accounts in your name and SSN and they where they were the custodians, then they have violated their fiduciary duties and can be sued, by you.
